Archived News

KUALA LUMPUR: Malaysia's end-April palm oil inventories slumped to their lowest in 11 months, after production and exports plunged more than anticipated, data from the nation's palm oil board showed on Wednesday.

KUALA LUMPUR: Malaysian palm oil futures fell on Wednesday despite a deeper-than-expected cut in April production and stockpiles, as investors shifted focus to rising supply from top producer Indonesia.

NEW DELHI - India's oilseed growers have urged the government to raise the import tax on palm oil, the most widely used vegetable oil, to help support thousands of local farmers reeling from a crash in domestic rapeseed prices.

KUALA LUMPUR: Chief among the key issues to be addressed at the three-day Programme Advisory Committee (PAC) 2023 meeting is the need for yield improvement in the Malaysian palm oil industry, says Malaysian Palm Oil Board chairman Mohamad Helmy Othman Basha.

FAISALABAD, May 10: The International seminar focused on ‘Sustainable Production of Healthy Vegetable Oils: Policies & Practices to Achieving SDGs’ was inaugurated in Faisalabad by H.E. Mr. Adam M. Tugio, Ambassador of the Republic of Indonesia to Pakistan along with Prof. Dr. Iqrar Ahmad Khan, Vice Chancellor of the University of Agriculture, Faisalabad (UAF). The International seminar was organized by the Embassy of the Republic of Indonesia in collaboration with the Faculty of Food, Nutrition & Home Sciences, UAF.

09/05/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures reversed early losses on Tuesday to scale to their highest closing in a month, as traders assessed slow exports against forecasts of a steep drop in supply ahead of key data.

08/05/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures fell on Tuesday after a four-session rally, slipping from a near three-week peak ahead of key data, although expectations of lower supply capped losses.

09/05/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures retreated on Tuesday from a near three-week high scaled in the previous session, as traders assessed slow exports against forecasts of a steep drop in supply ahead of key data.

05/05/2023 (Baking Business) - Cargill will be opening a new palm oil refinery in Lampung, Indonesia, later this year, which will enable a fully integrated supply chain from plantation to customer. Cargill’s palm oil sustainability strategy builds on the company’s global priorities, delivering palm oil produced in accordance with No Deforestation, No Peat and No Exploitation (NDPE) practices, Ms. Ullmann said. The company works with a variety of partners to drive change.

09/05/2023 (New Age) - Edible oil refiners and wholesalers of the item are engaged in a tussle over the payment of the reinstated Value Added Tax, causing a delay in the supply of the commodity to traders from refineries.

08/05/2023 (Indian Express) - The state body of oil millers and oilseed traders has appealed to the Central government to step in to arrest the slide in retail prices of edible oils to protect the Indian oilseeds producers and reduce the country’s dependence on imports.

09/05/2023 (The Jakarta Post) - At the end of March, hundreds of oil palm farmers from across Indonesia rallied outside the European Union Embassy in Jakarta to protest a new regulation that bans the import of products made from agricultural commodities produced on recently deforested or degraded land.