Archived News

16/02/2023 (Hellenics Shipping News) - India’s palm oil imports in January fell about 25% from the previous month to 833,667 tonnes, a trade body said on Wednesday.

16/02/2023 (Hellenics Shipping News) - Malaysian palm oil fell on Wednesday as export data from cargo surveyors showing a slowdown and lower prices of rival edible oil weighed on sentiment.

16/02/2023 (The Malaysian Reserve), Kuala Lumpur - Bursa Malaysia retreated from yesterday’s gains and opened marginally lower today as investors turned cautious in view of the strong US retail data, which might indicate potential interest rate hikes by the US Federal Reserve (Fed) going forward.

16/02/2023 (The Edge Markets), Kuala Lumpur - The federal government did not receive dividends from Felcra Bhd from 2019 to 2021, according to the Auditor General’s Report 2021 Series 2.

17/02/2023 (Business Daily) - In early December, I received a call from a large Eastleigh-based trader and wholesaler dealing mainly in imported fast-moving consumer products who requested a meeting with me.

14/02/2023 (The Star Online), Petaling Jaya - Crude palm oil (CPO) stocks which rose 3% month-on-month to 2.27 million tonnes at end-January, may get some respite in the near-term due to key factors that will drive up the commodity’s price.

15/02/2023 (World Grain), Jakarta/Indonesia - A projected 400,000 to 800,000 tonnes of Indonesian palm oil are expected to be blocked from the global market over the next three months after the government said it would suspend two-thirds of palm oil exports in order to shore up domestic cooking oil supplies, according to a Global Agricultural Information Network report from the Foreign Agricultural Service o the US Department of Agriculture (USDA).

15/02/2023 (Hellenic Shipping News) - Indonesia’s plans to restrict palm oil exports are unlikely to create a shortage in top consuming market India, where stocks have risen to a record high following aggressive imports in the past three months, industry officials said.

15/02/2023 (Business Recorder), Jakarta - Malaysian palm oil rose on Tuesday, snapping three days of losses, as traders sought bargain amid firmer rival oil prices and higher exports.

15/02/2023 (The Economic Times) - India's edible oil imports rose 33 per cent in January to 16.61 lakh tonnes, the highest since September 2021, driven by higher imports of sunflower oil, according to industry body SEA. Import of vegetable oils (edible and non-edible oils) in January rose 31 per cent to 16,61,750 tonnes from 12,70,728 tonnes in the same month last year.

15/02/2023(Market Watch) - Olive oil prices are moving to record highs, driving consumers and businesses to alternative cooking oils like sunflower and rapeseed, as dry weather in Spain and Italy slashes output for the luxury food.

15/02/2023 (The Jakarta Post) - The government has decided to increase the portion of domestic market obligation (DMO) of crude palm oil (CPO), the raw material of cooking oil, and slow down CPO exports to reign in the recent hike of government-sponsored, simple-packaged cooking oil Minyakita. The antimarket policy has irked industry players as it will again punish them more.