Archived News

24/07/2023 (Times of India) - In 2021-22, India consumed 25. 8 million tonnes (MT) of vegetable oil, around 6 MT more than what it consumed a decade before.

24/07/2023 (The Star Online), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is anticipated to experience cautious trading this week as market participants zero in on the United States Federal Reserve’s interest rate decision on Wednesday, according to an analyst.

23/07/2023 (The Hindu Business Line) - It can help increase crop yield through high-yielding seedlings, recycling crop residue, re-using mill waste, and reducing cultivation costs

22/07/2023 (Hellenic Shipping News) - Indonesia’s palm oil exports, including refined products, stood at 2.23 million tonnes in May, compared with just 763,000 tonnes in the same month last year, data from the Indonesian Palm Oil Association showed on Friday.

21/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures ended lower on Friday due to profit-taking, but clocked a fourth weekly rise on robust July exports so far and concerns over Black Sea edible oil supplies.

21/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures reversed early gains on Friday due to profit-taking, but the contract is set for a fourth weekly rise on robust July exports so far and concerns over Black Sea supplies.

Kuala Lumpur - Malaysian palm oil futures jumped more than 2% on Thursday, as Russia's withdrawal from the Black Sea grain deal heightened concerns over edible oil supplies from the region.

When Amrizal Idroes was growing up in West Sumatra in the 1970s, he remembers how nearly no one had heard of palm oil. Back then, the Indonesian island of Sumatra was heavily forested, dotted with rubber plantations, and home to tens of thousands of small-scale coconut farmers.

Ranau - Palm oil smallholders need to adopt drone technology to better manage their plantations.

Palm oil futures on Malaysia's commodity exchange closed up 3.9% at a four-month high MR4,043/mt ($888/mt) on July 20, driven by the breakdown of the Black Sea grain corridor, strong demand from key destinations and rising premiums of soybean and sunflower oils.

KUALA LUMPUR, July 21 (Reuters) - Malaysian palm oil futures ticked up on Friday, setting it on course for a fourth weekly rise on robust July exports so far and concerns over Black Sea supplies.

India’s imports of sunflower oil are likely to fall in the coming months as it becomes uncompetitive against rival oils due to rising prices after Russia withdrew from the Black Sea grain deal, industry officials told Reuters.