Archived News

04/02/2025 (TBS News) - Like elsewhere in the country, consumers in Khulna are struggling with rising rice and edible oil prices.

04/02/2025 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures closed higher for a fifth consecutive session on Monday, supported by stronger Chicago soyoil and firmer crude oil prices.

03/02/2025 (Times of India), Ahmedabad – The National Mission for Edible Oils, announced during the Union Budget, will help achieve self-reliance in edible oils and, in turn, help stabilize or even reduce edible oil prices, according to solvent extractors and edible oil manufacturers.

31/01/2025 (New straits Times), Kuala Lumpur - Malaysian palm oil futures reversed early losses to end higher on Friday, and logged a second consecutive weekly gain, as stronger rival Chicago soyoil and a weaker currency offset market uncertainty over Indonesia's export rates and US tariff threats.

31/01/2025 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Busa Malaysia Derivates climbed for the fourth consecutives day of trading on Friday due to higher soyabean oil prices as well as weaker production outlook in the coming weeks, a dealer said.

28/01/2025 (Antara News), Jakarta - Indonesia and Malaysia, which together account for around 80 percent of the world's palm oil production, agreed to enhance their cooperation within the industry, President Prabowo Subianto stated.

31/01/2025 (The Straits Times), Jakarta - Deforestation in Indonesia rose again in 2024, said a local environmental non-governmental organisation (NGO) on Jan 31, based on satellite image analysis and fieldwork.

02/02/2025 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures reversed early losses to end higher on Friday, and logged a second consecutive weekly gain, as stronger rival Chicago soyoil and a weaker currency offset market uncertainty over Indonesia’s export rates and US tariff threats.

02/02/2025 (Iraqi News), Baghdad - Iraq has marked a significant milestone in its agricultural export sector by shipping vegetable oils abroad for the first time. According to a press release by the Iraqi Ports Company on Friday, the country successfully exported 40,000 tons of high-quality soybean oil from Umm Qasr South Port to promising markets in Pakistan and India. This development highlights Iraq’s growing presence in the global vegetable oil market.

29/01/2025 (Tempo.Co), Jakarta - Indonesian Trade Minister Budi Santoso highlighted the strengthened bilateral agreement between Indonesia and Malaysia to enhance cooperation within the palm oil sector. Accompanying President Prabowo Subianto during a recent state visit to Malaysia, Minister Budi emphasized the growing global demand for palm oil.

29/01/2025 (Malay Mail) - The palm oil industry is celebrating their good fortune. The price of palm oil has stabilised at a profitable level for some years now. Currently, it is approaching RM5000 per ton. Their palm oil inventory is better managed. Thanks must go to the early leaders of the industry for their wisdom to venture into the biofuel business. The fruits of that milestone decision are now realised.

30/01/2025 (Oils & Fats International) - The European Union (EU) is set to revise its palm oil-based biofuel rules following a ruling by the World Trade Organization (WTO) that part of its Renewable Energy Directive (RED III) unfairly discriminated against Indonesia’s palm oil exports, the Jakarta Globe wrote.