Archived News

11/10/2017 (Business Standard) - Groundnut oil exports could take a hit over high domestic prices Govt cuts oil import plans from Iran by a quarter over gas field row Note ban impact: India oil demand in Q1 grew only 0.4% versus China's 2.2% Demand security equally important for oil firms: Pradhan in Istanbul In a first, Reliance Industries buys 1 mn barrels of crude oil from the US.

11/10/2017 (India Infoline) - Edible oil consumers in India are increasingly turning towards Sunflower Oil, which has witnessed an increase in consumption by about five-fold rise over the past 15 years.

11/10/2017 (Hindu Business Line) - Edible oils market ruled weak on Tuesday tracking weak futures amid slack ready demand. Speculative buying in soya oil for November kept volume normal. Bearish Malaysian palm oil and Chicago soya oil projection kept NCDEX soya oil down by ₹2-3 till evening. On BCE palmolein lose by ₹1 and cotton oil gain by ₹10.

11/10/2017 (Bernama) - Malaysia’s total palm oil stocks in September 2017 rose by 3.98 per cent to 2.01 million tonnes from 1.94 million tonnes in August, said the Malaysian Palm Oil Board (MPOB).

11/10/2017 (New Straits Times) - Analysts have maintained their neutral stand on plantation sector after the Malaysian Palm Oil Board (MPOB) announced that Malaysia's total palm oil stocks in September 2017 rose by 3.98 per cent to 2.01 million tonnes.

11/10/2017 (The Star) - Crude palm oil (CPO) prices for 2018 are expected to be subdued compared to 2017 as post-El Nino output growth is likely to continue into the year, said Maybank Investment Bank Research.

11/10/2017 (Agence France Presse) - Nearly 100 environmental and poverty fighting groups jointly released a letter Tuesday slamming a UN proposal that backs large-scale use of biofuels in commercial planes.

11/10/2017 (The Eagle Online) - A multinational oil company, Victory Crystal Investment, says it will invest $13 million to resuscitate the moribund Okitipupa Oil Palm in Okitipupa, Ondo State.

11/10/2017 (Business Recorder) - On Friday, the Economic Coordination Committee (ECC) proposed to levy regulatory duties on over 250 items in order to curb imports. It is clear that nobody in Pakistan—from the house of Premier to the Ministry of Finance to the State Bank of Pakistan—is not very clear on how to tackle the growing current account deficit.

10/10/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

10/10/2017 (Reuters) - Monday's Rotterdam vegetable oil prices at 1600 GMT.

10/10/2017 (Reuters) - Malaysian palm oil futures traded higher on Monday, in line for their fifth session of gains, tracking strength in related edible oils and ahead of an official September data release later this week.