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INDONESIA PALM OIL BAN A SHOCK FOR MANY

Late last week, Indonesia, the leading producer of palm oil, shocked global consumable oil markets by announcing an immediate ban on palm oil exports. Global oilseed prices have risen even more this year. It might be huge news for Australian canola growers, who are currently benefiting from the greatest prices on record, with prices frequently […]

July 24, 2024 • orchardtech_qt32n4

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VEGOILS-PALM TRACKS WEAKER RIVAL OILS

Malaysian palm oil futures dipped on Friday, followed lower-cost competing oils, although speculators profited after the contract hit an all-time high over labour shortage concerns. At the midday break, the flagship palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange fell 71 ringgit, or 1.38 per cent, to 5,090 ringgit ($1,218.14) […]

July 24, 2024 • orchardtech_qt32n4

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INDONESIA PALM OIL BAN A SHOCK FOR MANY

Late last week, Indonesia, the leading producer of palm oil, shocked global consumable oil markets by announcing an immediate ban on palm oil exports. Global oilseed prices have risen even more this year. It might be huge news for Australian canola growers, who are currently benefiting from the greatest prices on record, with prices frequently […]

July 24, 2024 • orchardtech_qt32n4

Read More →
VEGOILS-PALM TRACKS WEAKER RIVAL OILS

Malaysian palm oil futures dipped on Friday, followed lower-cost competing oils, although speculators profited after the contract hit an all-time high over labour shortage concerns. At the midday break, the flagship palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange fell 71 ringgit, or 1.38 per cent, to 5,090 ringgit ($1,218.14) […]

July 24, 2024 • orchardtech_qt32n4

Read More →
INDONESIA PALM OIL BAN A SHOCK FOR MANY

Late last week, Indonesia, the leading producer of palm oil, shocked global consumable oil markets by announcing an immediate ban on palm oil exports. Global oilseed prices have risen even more this year. It might be huge news for Australian canola growers, who are currently benefiting from the greatest prices on record, with prices frequently […]

July 24, 2024 • orchardtech_qt32n4

Read More →
VEGOILS-PALM TRACKS WEAKER RIVAL OILS

Malaysian palm oil futures dipped on Friday, followed lower-cost competing oils, although speculators profited after the contract hit an all-time high over labour shortage concerns. At the midday break, the flagship palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange fell 71 ringgit, or 1.38 per cent, to 5,090 ringgit ($1,218.14) […]

July 24, 2024 • orchardtech_qt32n4

Read More →
INDONESIA PALM OIL BAN A SHOCK FOR MANY

Late last week, Indonesia, the leading producer of palm oil, shocked global consumable oil markets by announcing an immediate ban on palm oil exports. Global oilseed prices have risen even more this year. It might be huge news for Australian canola growers, who are currently benefiting from the greatest prices on record, with prices frequently […]

July 24, 2024 • orchardtech_qt32n4

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STUDENT VISAS RELAXED FOR FARMERS

In January 2021, the Morrison government bestowed upon the farmers relief by providing them the temporary relaxation of student visas. Due to the pandemic and other unavoidable circumstances, various Australian industries were badly suffering from a shortage of labour. Amidst this, the agricultural industry was badly hit. Ernst &Young forecasted a labour gap of even […]

July 23, 2024 • orchardtech_qt32n4

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AGRICULTURE LOSES OUT DUE TO TREMENDOUS HEAT

According to a new study from the Institute of Physics, billions of working hours have been lost globally due to extreme heat. Exporters are concerned that as the world warms, the trend will intensify. Excessive heat and humidity cost the economy more than 675 billion labour hours per year. The study reveals that annual worker […]

July 23, 2024 • orchardtech_qt32n4

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AUSTRALIA’S ORGANIC FARMS RETAIN THE TITLE

Following an Australian Government announcement today calling for public comment on the topic, Australia’s $2.6 billion organic business is celebrating a milestone in establishing a statutory standard for use of the term “organic.” Minister for Agriculture David Littleproud, a long-time supporter of improving and streamlining Australia’s organic regulatory framework, made the announcement, which will allow […]

July 23, 2024 • orchardtech_qt32n4

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