Archived News

24/10/2022 (Tasting Table) - Among pantry staples, olive oil is non-negotiable. The fatty liquid operates as a cooking essential as much as it does a flavorful drizzle. Use it atop homemade pizzas, fry up eggs with it, or enjoy it alongside a loaf of fresh bread. With so many uses, olive oils can have a range of characteristics and specifications. You can choose from oils of varying degrees of lightness, refinery, and other attributes.

25/10/2022 (Pakistan Observer) - The domestic production of edible oil and vegetable ghee during first two months of current financial year grew by 6.4 percent and 6.6 percent respectively as compared to the output of the corresponding period of last year.

20/10/2022 (African Feeds) - Globally, 1.6 billion people depend on forests for their jobs and livelihoods, while in many African countries 50–60% of the population work in agriculture. However, the Food and Agriculture Organization (FAO) estimates that the rate of deforestation between 2015 and 2020 was 10 million hectares per year; with agricultural commodities such as palm oil, rubber and cocoa being one of the leading drivers.

19/10/2022 (Hellenic Shipping News) - Malaysian palm oil futures on Wednesday rose to their highest level in nearly seven weeks, as fears of higher Indian import taxes and heavy rains hurting production fuelled buying.

20/10/2022 (The Western Producer) - Growers advised to keep an eye on soybean crop in South America and palm oil exports when marketing this winter

19/10/2022 (Business Recorder), Singapore - Palm oil faces a resistance at 4,071 ringgit per tonne, it may hover below this level or retrace towards a support zone of 3,924 ringgit to 3,958 ringgit.

20/10/2022 (The Malaysian Reserve) - THE Biden administration’s push to impose a price cap on Russian oil exports creates a precedent that could affect other commodities and may worsen global economic anxiety, said Indonesian Finance Minister Sri Mulyani Indrawati.

20/10/2022 (Nutritional Outlook) - The United States Pharmacopeia (New York; USP) has published the Palm Oil Tocotrienols and Tocopherols Monograph under Non-Botanical Dietary Supplements. According to the monograph, palm oil tocotrienols and tocopherols consist mainly of a mixture of alpha-, beta-, and gamma-tocotrienols and alpha-tocopherol derived from the oil from the mesocarp of fruits of Elaeisguineensis Jacq. Phytosterols and squalene are also naturally present in palm oil.

19/10/2022 (The Edge Markets), Kuala Lumpur - Palm oil advanced to the highest intraday level in seven weeks on worries that storms and floods in major growers could disrupt supply, while investors are also on alert for a potential import tax hike in top buyer India.

19/10/2022 (The Sun) - The Malaysian Palm Oil Council (MPOC) has voiced its support for enforcement actions to be taken against supermarkets and outlets displaying and selling products with ‘No Palm Oil’ on their label and packaging.

18/10/2022 (Malaysia Kini) - India is examining whether there is a need to raise palm oil import taxes, government and trade sources said, as part of efforts by the world's biggest vegetable oil importer to help millions of its farmers reeling from lower oilseed prices.

19/10/2022 (The Jakarta Post) - We are now seeing a gradual shift in the global perception of palm oil, which had been blamed as the main driver of deforestation in the past, toward the more balanced view that other vegetable oils and commodities are equally responsible for contributing to climate change and deforestation.