Author: Hithaishi CB

Malaysia’s crude palm oil prices will trade at RM3,700-RM4,200 a metric ton in the second half of 2023, and will remain supported in the long term, state agency Malaysian Palm Oil Council (MPOC). Heading into 2024, there is a strong possibility that prices may rise above RM4,300 a metric ton, MPOC deputy director Mohd Izham Hassan said in a webinar. This is due to market uncertainties including those surrounding Black Sea sunflower oil supply and Malaysia’s palm oil production that has remained below expectations, Mohd Izham said. Production in the world’s second-largest producer during the first half of 2023 was…

The National Coconut Week aims to empower local industries whether in food or non-food products, in order to promote greater domestic utilization. The Philippine Coconut Authority is set to celebrate the 37TH National Coconut Week from August 22 to September 1 through activities showcasing local coco products such as heirloom recipes among others. PCA Deputy Administrator Roel M. Rosales said during the Philippine Information Agency Press Conference held August 11 that the 2023 National Coconut Week themed “Coconut Industry Modernization: Pillar of a Resilient and Sustainable Nation” will be launched through a “Coco Foodfest”, featuring coco-based food products in a…

Australian Government set to release a 20-year soil strategy and a 2023-2028 National Soil Action Plan. The Australian Government will develop a new approach to soils advocacy as part of a more ambitious vision to invest in sustainable agriculture and on-farm climate adaptation. As part of this broader approach, the role of the National Soils Advocate in its current form will not be continued when the current Advocate, the Hon Penelope Wensley AC finishes her term on 28 August 2023. Additionally, the Australian Government will soon release a 20-year soil strategy and a 2023-2028 National Soil Action Plan. The government…

Aims to helps companies to accelerate the transition to sustainable supply chains through traceability and visibility, decarbonization of supply chains, creation of circular business models  The EY, has launched new EY Center for Sustainable Supply Chains in Singapore. The Center is dedicated to helping companies in Southeast Asia accelerate the adoption of sustainable practices for resilient supply chains. Dr. Koh Poh Koon, Senior Minister of State for Sustainability and the Environment, and Manpower, officiated the opening of the Center. The Center is co-led by Atul Chandna, EY Asia-Pacific Supply Chain Leader, and Praveen Tekchandani, Partner, Climate Change and Sustainability Services at Ernst & Young LLP, and comprises a team…

Possessing abundant potential, Vietnam’s milk and dairy product market has consistently been an attractive destination for foreign brands. Milk and dairy products imported into Vietnam reach a value of nearly $12 billion in 2021, and it is expected to increase by about 12 % a year until 2031. The demand for milk consumption per capita in Vietnam will reach 40 litres by 2030, along with the middle class and people’s awareness of healthcare increasing according to market research dynamics. A resent report by ‘Research and Markets’ indicated that in spite of the high demand, domestic fresh milk production could only…

The global brand will ensure growers around the world recognize this novel mode of action in the newest herbicide products FMC expects to begin launching in 2025, FMC Corporation, a leading global agricultural sciences company, today announced Dodhylex™ active (pronounced DOH’-deh-leks) as the global brand name for tetflupyrolimet, a new mode of action herbicide effective on the most challenging grass weeds in rice. “The global brand will ensure growers around the world recognize this novel mode of action in the newest herbicide products FMC expects to begin launching in 2025,” said Diane Allemang, FMC executive vice president and chief marketing officer. “Growers worldwide will…

Partnership aims to drive sustainable agriculture practices and advance precision irrigation solutions both in the UAE and globally that address food security challenges.     Netafim, an Orbia business and a global leader in precision agriculture solutions, signed a Memorandum of Understanding (MOU) with UAE-based E20 Investment to pave the way for a future joint venture. This partnership aims to drive sustainable agriculture practices and advance precision irrigation solutions both in the UAE and globally that address food security challenges.     The future joint venture is intended to leverage the strengths and expertise of Orbia Netafim and E20 Investment through its subsidiary Agritek, a leading agricultural project developer. The venture will focus on mitigating intensifying global desertification through the efficient…

Collaboration will boost development of unique combination of ingredients, R&D and processing solutions to craft plant-based dairy alternative products Kerry, a world leader in taste and nutrition, has signed a partnership to support the creation of more high quality sustainable dairy alternative products, and enhance market growth for the plant-based category in Asia Pacific. The agreement, which will see Kerry support on technology development, applications and enzymes, flavours, maskers and nutrition, is a step towards the creation of a unique dairy alternative expertise ecosystem, where other ingredients and processing partners are invited be part of the collective to accelerate the move towards sustainable nutrition solutions.…

The Agreement on Fisheries Subsidies sets new binding, multilateral rules to curb harmful subsidies as a key factor in the widespread depletion of the world’s fish stocks. Hong Kong, China deposited its instrument of acceptance of the Agreement on Fisheries Subsidies on 21 August 2023. Ms Drew Lai, Acting Permanent Representative, presented Hong Kong, China’s instrument of acceptance to Director-General Ngozi Okonjo-Iweala. Adopted by consensus at the WTO’s 12th Ministerial Conference (MC12) held in Geneva on 12-17 June 2022, the Agreement on Fisheries Subsidies sets new binding, multilateral rules to curb harmful subsidies, which are a key factor in the widespread…

Asian Agri extends multilateral partnership to bring Indonesian smallholders under the cooperative to achieve rapid progress over replanting their plantation In Indonesia, three village unit cooperatives (KUD) partnered with Asian Agri to form a Partnership Agreement (PKS) to distribute funding assistance for the People’s Palm Oil Replanting Program (PSR) with the Palm Oil Plantation Fund Management Agency (BPDPKS) and the banking sector. As part of Asian Agri’s partner cooperative program, 300 hectares of land are being replanted in Kampung Bukit Agung, Kerinci Kanan District, Siak Regency, Riau, KUD Sumber Rezeki, Kampung Bukit Agung, Kerinci Kanan District, Siak Regency, Riau, KUD…