Archived News

18/05/2024 (Big News Network), India - As the Tripura government in collaboration with private agencies is striving towards the production of oil palm at a commercial scale, around one lakh saplings of the crop prepared in a huge palm nursery will be planted in over 700 hectares of land across the state by August.

19/05/2024 (MM News) - According to the association, consumers can now purchase Brand A and Brand B cooking oil and ghee at significantly lower prices. Brand A cooking oil is now priced at Rs 525 per liter, marking a reduction of Rs 75, while Brand A ghee is priced at Rs 525 per kg after a reduction of Rs 25.

19/05/2024 (The Economic Times) - India's overall oilmeal exports during April 2024 were 6 per cent lower on a yearly basis at 4.65 lakh tonnes. During the same month last year, the total exports were 4.93 lakh tonnes, industry data showed

16/05/2024 (Reuters), Jakarta - Malaysian palm oil futures shed earlier gains and closed lower onThursday, as traders braced for Malaysia's export data due later this week.

17/05/2024 (Malaysia Sun), Kuala Lumpur - Malaysia, the world's second-largest palm oil producer, has on Thursday kept its June crude palm oil (CPO) exports duty at 8 percent.

16/05/2024 (Chem Analyst) - In the first half of May 2024, the prices of Stearic Acid (Rubber Grade) in the European market fell by approximately 1.2%. This decline was primarily driven by decreasing feedstock Palm Oil prices and reduced demand from the downstream electric vehicle (EV) segment of the automotive industry.

16/05/2024 (Investing.com) - Despite an 11.65% decline in the first half of the 2023-24 oil year, April witnessed a remarkable 27.67% surge in Indian edible oil imports, driven by favorable price trends. Palm oil imports decreased, while soyabean and sunflower oil imports fluctuated, with major suppliers including Indonesia, Malaysia, and Russia.

16/05/2024 (Hellenic Shipping News) - Soybean oil export values in the Brazilian market have strengthened to nearly two-year highs amid a combination of supportive factors, from improving destination demand to concerns over crop losses from floods in the southern state of Rio Grande do Sul.

15/05/2024 (New Straits Times), New Delhi - India imported 285,829 tonnes of palm oil from Malaysia in April, accounting for 21.6 per cent of the country's total vegetable oil imports for the month.

15/05/2024 (Greek Reporter) - “Olive oil is one of the most important reasons why Crete is known in the rest of the world. Based on this, we can understand that olive oil on our island was and will be the king of foods!” exclaims oil producer Eftychis Androulakis in a perfect example of Cretan passion for a product that is central to the island’s tourism, cuisine, economy, and history.

15/05/2024 (Chem Analyst) - As anticipation mounts ahead of the forthcoming USDA report, the soybean market is treading cautiously, mindful of two significant factors looming largely: recent flooding in Rio Grande does Sul and a general strike in Argentina witnessed in the end of April. This cautious sentiment is likely to rippled through market activities including the trading concerning the Soybean Oil, particularly evident from Argentina, where soybean prices have seen fluctuations but remained largely stable amidst subdued trading including the downstream Soybean Oil as well.

14/05/2024 (Reuters), Jakarta - Malaysian palm oil futures reversed gains on Tuesday as the market is awaiting Malaysia's palm oil export and production performance for further cues.