Archived News

BASF shifts its Personal Care portfolio and will offer palm-based specialties for the cosmetics industry exclusively as certified sustainable. The move was announced at its 3rd Palm Dialog event during the in-cosmetics global exhibition. “This is an important milestone for the cosmetics industry’s progress towards sustainable palm – and some of our customers have already made the step,” said Xavier Susterac, Senior Vice President BASF Personal Care Europe.

New Delhi, Apr 18 () Groundnut oil prices rose by Rs 100 per quintal in an otherwise steady wholesale oils and oilseeds market today on stockists' buying following pick-up in demand from retailers.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday April 18.

Malaysian palm oil futures rebounded from losses to gain over 1 percent at the end of the trading day on Tuesday, snapping six days of losses, lifted by profit-taking and gains in soyoil on the Chicago Board of Trade (CBOT).

The research house maintained its buy call on FGV and target price of RM2.26 based on an unchanged 25x price-earnings on its 2018E core earnings per share.

Malaysian palm oil futures rebounded from losses to gain over 1 per cent at the end of the trading day on Tuesday, snapping six days of losses, lifted by profit-taking and gains in soyoil on the Chicago Board of Trade (CBOT).

The focus on more intensive trade relations with African countries came after Indonesian President Joko Widodo visited the Indian Ocean Rim Association (IORA) Summit in March 2018. The IORA is an international organization, consisting of coastal states bordering the Indian Ocean, that aims to promote co-operation and closer interaction among its 21-member nations. Indonesia joined the IORA in 1997.

In the edible oils market, volume jumped on renewed demand led by strong rumour of duty hike amid weak rupee which makes imports costlier at lower price level.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday April 17.

Malaysian palm oil futures fell to a one-month low on Monday evening, recording a sixth straight day of losses on expectations of slowing demand growth and tracking losses in related edible oils.

The Council of Palm Oil Producing Countries (CPOPC), a palm oil board led by Indonesia and Malaysia, said British supermarket chain Iceland's decision to remove palm oil from its own-brand food products misleads consumers.

Malaysian oil palm planters’ earnings in the first quarter of this year will likely be weighed down by lower crude palm oil (CPO) and palm kernel (PK) prices.