Archived News

The government on Friday extended the lower import duty structure for palm, soyabean and sunflower oils by a year till March 31, 2025, which the industry says may adversely impact processing and prices of domestic oilseeds.

Kuala Lumpur: Fitch Ratings expects Malaysian benchmark crude palm oil (CPO) spot prices to average at US$650 per tonne in 2024, substantially lower than circa-US$840 per tonne in 2023 due to higher supply.

21/12/2023 (The Star Online), New Delhi - Malaysian palm oil futures rose yesterday, a day after Brazil decided to raise its mandatory biodiesel mix into diesel.

20/12/2023 (The Edge Malaysia), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher for the third consecutive day on concern over production issues in the coming weeks, a dealer said.

20/12/2023 (Free Malaysia Today), Petaling Jaya - Johari Ghani fears the oil palm sector may suffer the same fate as the rubber industry unless corrective action is taken.

20/12/2023 (Business World, India) - Godrej Agrovet (GAVL) is the largest oil palm processor in India. It follows the circularity model of production to ensure zero waste for landfill and energy efficiency. The company also works directly with more than 9,000 farmers for the entire lifecycle of the crop to ensure sustainable cultivation. Godrej Agrovet has helped develop over 75,000 hectares of plantations across Andhra Pradesh, Telangana, Tamil Nadu, Goa, Maharashtra and Mizoram.

20/12/2023 (Associate Press of Pakistan), Islamabad - Domestic production of edible oil and vegetable ghee during first four months of current financial year grew by 26.80 percent and 2.95 percent respectively as compared the output of the corresponding period of the last year.

Jakarta. Indonesia recorded an 11.4 percent increase in its palm oil export in October 2023, industry ation data showsssocia.

Chicago soybean futures edged lower on Tuesday, shedding some of the previous session’s gains, on improved weather in top exporter Brazil, although strong demand for U.S. exports curbed losses.

Brazil's National Council for Energy Policy, or CNPE, decided Dec. 19 to increase the country's biodiesel mandate to 14% (B14) as from March 2024, and ruled out a previous measure that would allow biodiesel imports to fulfil the mandatory mixture into diesel next year.

NEW DELHI (Dec 19): Malaysian palm oil futures rose for a fourth straight session on Tuesday, fuelled by lower inventories and mounting concerns over dry weather conditions shrinking output in top producing countries.

KUALA LUMPUR, Dec. 19 (Xinhua) -- Malaysia's exports contracted 5.9 percent year on year to 122.1 billion ringgit (26.08 billion U.S. dollars) in November, official data showed Tuesday.