EU begins inquest on Indonesian biodiesel avoiding import duties

INDONESIA- The European Union said recently that it had launched an investigation into whether biodiesel from Indonesia was circumventing EU duties by going through China and Britain, according to a report by Reuters. The EU is Indonesia’s third-largest destination for palm oil products and an important market for its biodiesel, which is made from palm oil. Apart from biodiesel, palm…

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Touton Négoce divests palm business in Côte d’Ivoire to PALMCI

CÔTE D’IVOIRE- Touton Négoce Côte d’Ivoire, a leading cocoa trading company, has sold its subsidiaries SAO and TCI to PALMCI, a subsidiary of SIFCA and the first producer of crude palm oil in Côte d’Ivoire.  The sale will give SIFCA and its subsidiary PALMCI control of  palm oil plantations in Abengourou, Zabeza, and Soubre, further extending its palm oil production…

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