Archived News

03/05/2023 (The Economic Times), Pune - Edible oil companies have decided to reduce prices of cooking oils by up to 6% following the government's advice that the maximum retail price (MRP) should be lowered in line with the fall in the commodity's international rates.

02/05/2023 (Times of India Times), New Delhi - The apex industry body of solvent extractors, SEA, has urge the retailers of edible oils to reduce the MRP as current prices are in line with the fall in international prices in the next couple of months and despite domestic bumper harvest of groundnut, soy and mustard

India’s ambitious drive to expand domestic palm oil production fails to consider the subcontinent’s changing climate, analysis shows. It’s an oversight which may derail the country’s plans to become self-sufficient in the oil.

ON April 19, the European Union Parliament passed a regulation meant to limit deforestation and forest degradation, singling out palm oil as a major driving force.

Malaysian palm oil futures slumped on Friday to record its biggest monthly decline since September, as traders factored in weak exports and larger supply from top producer Indonesia.

Colombia, the world's fourth-largest palm oil producer, could increase output of the agricultural product by almost 40pc by 2028 to feed a growing sustainable aviation fuel (SAF) market, the head of the Colombian federation of palm oil growers (Fedepalma) said.

SINGAPORE: Palm oil may fall to 3,407 ringgit per tonne, driven by a wave C. This wave has briefly travelled below its 86.4% projection level of 3,463 ringgit. It is highly likely to extend to 3,407 ringgit.

KUALA LUMPUR, April 28 (Reuters) - Malaysian palm oil futures were rangebound on Friday as traders factored in larger supply from top producer Indonesia, setting the contract on course for a second consecutive monthly decline.

Palm oil is the most ubiquitous vegetable oil. Present in everything from soaps to ketchup, it is the mainstay of all manner of consumer products. India, as the world’s fifth largest consumer market and now the world’s most populous country, is unsurprisingly a major consumer of the commodity.

KUALA LUMPUR: Malaysian palm oil futures fell for a fourth consecutive session on Wednesday to close at their lowest level in a month, as weak exports and rival oils weighed on market sentiment.

SINGAPORE: Palm oil may break a support at 3,565 ringgit per tonne and fall to 3,504 ringgit. The bounce triggered by the support has been almost reversed.

KUALA LUMPUR – Malaysia’s exports of palm oil and palm-based products to China are expected to increase this year following better cooperation between the two countries, the Malaysian Palm Oil Board (MPOB) said on Tuesday.