Archived News

CAIRO, Jan 31 (Reuters) - Egypt's state grains buyer, the General Authority for Supply Commodities, has bought 35,000 tonnes of vegetable oils in international and local tenders, it said on Tuesday.

Jakarta (ANTARA) - The mandatory Biodiesel 35 (B35) program is expected to distribute 13.15 million kiloliters of biodiesel this year, Deputy for Food and Agribusiness at the Coordinating Ministry for Economic Affairs Musdhalifah Machmud stated.

KUALA LUMPUR: Malaysian palm oil futures slid 3% on Tuesday, ending a three-day climb as Indonesia maintained its domestic sales rule and traders fretted about slow export demand.

29/01/2023(Nasdaq), Kuala Lumpur - Malaysian palm oil futures extended gains on Monday for a third consecutive session, underpinned by worries that floods would hurt output in the world's second largest producer.

30/01/2023 (Business Recorder), Singapore - Palm oil may bounce more towards 3,980 ringgit, as it has broken a resistance at 3,888 ringgit per tonne. The next resistance is at 3,980 ringgit, a break above which could lead to a gain to 4,093 ringgit.

31/01/2022 (TEMPO.CO), Jakarta - Trade Minister Zulkifli Hasan stated that the government and producers would increase the supply of packaged and bulk cooking oil by 450,000 tons per month from February to April 2023. Zulkifli said that the plan was aimed at meeting people's needs during the fasting month of Ramadan until Eid 2023.

30/01/2023 (The Star Online), Kuala Lumpur - Malaysia’s Producer Price Index (PPI) rose 3.5 per cent in December 2022 compared to the 3.2 per cent expansion in November, the Department of Statistics Malaysia (DOSM) reported today.

31/01/2023 (Antara News), Jakarta - The government, in collaboration with cooking oil producers, will increase the supply of packaged and bulk cooking oil to 450 thousand tons per month in the February–April 2023 period, Trade Minister Zulkifli Hasan has said.

JAKARTA: Malaysian palm oil futures rose for a second straight session on Friday on bargain hunting amid a recovery in rival oils, ending the week with modest gains.

JAKARTA: Malaysian palm oil futures extended gains to a second session on Friday on bargain-hunting, but were set for a weekly drop due to sluggish exports and a stronger ringgit.

India’s January sunflower oil imports are set to surge to a record 473,000 tonnes, nearly triple average monthly imports as top exporters Russia and Ukraine seek to reduce stockpiles, industry officials told Reuters.

The edible oil prices are crashing because of good supply of the new produce coming in the wholesale market and record high imports in the month of January. On account of these factors, the edible oil prices have dropped by another Rs 40 to Rs 50 per 15 kg tin as compared to one month ago prices in the wholesale market. “Russia and Ukraine have liquidated their stock of sunflower oil in the international market, therefore its price has dropped by another Rs 50 per 15 litre tin in the Indian wholesale market,” said Rajesh Thakkar, President of Oil Merchants Association and owner of Shantilal Oils Pvt Ltd, Itwari while speaking to The Hitavada. Currently, soyabean oil is being quoted at Rs 2,040 per 15 litre tin compared to Rs 2,100 per 15 litre tin in the wholesale makret.