Archived News

CAIRO, EGYPT — Egypt’s soybean imports have declined sharply in the 2022-23 marketing year as the country faces a foreign currency crunch and economic challenges amid Russia’s war with Ukraine, according to a Global Agricultural Information Network report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture.

The European Union’s agriculture chief expressed optimism on Tuesday that countries neighbouring Ukraine will shortly accept a deal to allow Ukrainian grain to enter their countries for export elsewhere.

KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) foresees higher exports of palm oil and palm-based products to China this year as it enhances cooperation in the palm oil trade through the recent signing of the memorandum of understanding (MoU) in Beijing.

KUALA LUMPUR: Malaysian palm oil futures slipped to the lowest close in more than one-week on Tuesday, as the market reopened after the Eid holidays, weighed down by poor exports in April so far.

KUALA LUMPUR, April 25 (Reuters) - Malaysian palm oil futures fell sharply on Tuesday as the market reopened after the Eid holidays, down for a third consecutive session to hit a more than one-week low. The benchmark palm oil contrac

SINGAPORE: Palm oil may break a support at 3,680 ringgit per tonne, and fall into a range of 3,601 to 3,637 ringgit. The rise from 3,567 ringgit may have been driven by a wave C, which seems to have completed around a resistance at 3,807 ringgit.

KUCHING: Sarawak Plantation Bhd has made more headway in the recovery of encumbered matured oil palm areas in Mukah, central Sarawak, from the locals by an additional 500ha in 2022.

KUALA LUMPUR, April 25 (Reuters) - Exports of Malaysian palm oil products in the April 1-25 period fell 18.43% to 927,331 tonnes from 1,136,825 tonnes shipped during March 1-25, independent inspection company AmSpec Agri Malaysia said on Tuesday.

KOTA KINABALU: Universiti Malaysia Sabah (UMS) has signed a research agreement on regenerative agriculture and biodiversity with a local fertiliser company to strengthen its educational platform of eco-farm agriculture.

20/04/2023 (New Straits Times) - MALAYSIA's cooperation with China in the palm oil sector has reached another milestone with the recent signing of a memorandum of understanding (MoU) between the two countries.

19/04/2023 (Reuters), Mumbai - Indian buyers have opted to cancel 75,000 tonnes of palm oil purchases for the first time in many years and switch to rival soft oils, such as sunflower oil and soyoil, five industry officials told Reuters.

19/04/2023 (Devdiscourse) - The EU is the world's third-largest palm oil importer. Malaysia has said it could stop exporting palm oil to the EU in response to the law, while palm oil smallholders warn that they cannot comply with its requirements to prove when and where goods were produced, using precise geolocation data.