Archived News

26/02/2024 (Nasdaq), Jakarta – Malaysian palm oil futures looks for direction on Monday as market participants awaited new leads, while a report of weak exports data weighed the contract.

26/02/2024 (The People Network) - In an ambitious move to diversify its portfolio, KRBL Ltd, the powerhouse behind the renowned India Gate brand, has set its sights on the burgeoning edible oils market. With an announcement that came as a surprise to many, Ayush Gupta, the Business Head (Domestic) of KRBL, detailed the company's strategic shift towards introducing rice bran oil by next year. This decision is not merely an expansion but a bold step into a domain currently led by giants such as Saffola and Fortune. The plan? To carve out a significant niche in the healthy edible oils segment, aiming for sales of 20,000 tonnes and revenue of Rs 200 crore within three years.

25/02/2024 (New Straits Times), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade higher next week due to ongoing positive sentiment, a dealer said.

25/02/2024 (The Hindu Business Line) - Edible oils are among India’s most imported commodities, second only to petroleum and gold. With nearly 60 per cent of the country’s annual consumption of 25 million tonnes shipped in from overseas, the edible oil import bill surged 34 per cent to ₹1.57 lakh crore for the 2021-22 oil year.

25/02/2024 (The People Network) - Imagine a bustling street corner, the aroma of freshly fried snacks wafting through the air, enticing passersby with the promise of a quick, delicious bite. It's a common scene in cities worldwide, where street food plays a pivotal role in the culinary culture. Yet, beneath the inviting fragrance lies a hidden health risk that oncologist Dr. Harishankar Shukla recently illuminated during the 112th Foundation Day celebrations of King George's Medical University's (KGMU) general surgery department. His caution against the dangers of repeatedly heated cooking oil (RCO) has sparked a crucial conversation on our dietary habits and their long-term implications on our health.

26/02/2024 (The Business Line) - THE prices of the benchmark active Malaysian crude palm oil futures contract remained ensnared in a tight range throughout the week starting Feb 19, weighed down by a medley of conflicting fundamental data. Weak exports and decreased production during this period painted the picture of cautious consolidation within the commodity market.

25/02/2024 (Daily Post) - Opinion leaders in Osun State have spoken up against the current economic challenges being experienced daily by Nigerians across all walks of life.

22/02/2024 (The Express Tribune), Islamabad - Edible oil including soyabean and palm imports into the country during the first seven months of the current financial year decreased by 49.85% and 34.14% respectively as compared to the imports of the corresponding period of last year.

22/02/2024 (The Edge Malaysia), Kuala Lumpur - Sime Darby Plantation Bhd, the world’s largest palm oil producer by acreage, said on Thursday palm oil prices may stay elevated at around current levels this year.

22/02/2024 (The Edge Malaysia), Kuala Lumpur - Sime Darby Plantation Bhd, the world’s largest palm oil producer by acreage, said on Thursday that its net profit fell more than 64% in the fourth quarter from a year earlier, weighed by lower average realised prices.

22/02/2024 (Hellenic Shipping News Worldwide), Malaysian palm oil futures closed down on Thursday, weighed down by profit taking, weakness in export performance and absence of fresh buying support.

22/02/2024 (Antara), Jakarta - The National Food Agency (Bapanas) stated that Indonesian snacks and palm oil industries participated in the 2024 Gulfood Exhibition at the Dubai World Trade Center, the United Arab Emirates (UAE).