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Indonesia has issued palm oil export permits for a combined 3.84 million tonnes through its so-called Domestic Market Obligation (DMO) scheme as well as its programme to accelerate exports as of Monday, Trade Ministry adviser Oke Nurwan said on Tuesday.

TEMPO.CO, Jakarta - Center of Reform on Economics (CORE) director Mohammad Faisal on Tuesday conveyed his opinion on the government’s plan to revoke the crude palm oil domestic market obligation (DMO) policy. He argues that the current issue related to cooking oil scarcity lies in the distribution aspect.

Malaysian palm oil futures rose on Tuesday, tracking stronger rival vegetable oils, with the benchmark contract recouping some of the losses from the previous three sessions amid bargain hunting.

August soybeans exploded higher today closing up 59¢ and right at the high of the day. Most of the gains were because the meal market was $25 per ton higher.

New Delhi: In the wake of Russia-Ukraine crisis, India's crude sunflower oil imports fell by 23 per cent to 5.70 lakh tonne between February 21 and June 30 of this year, Parliament was informed on Tuesday.

SINGAPORE (July 25): Palm oil fell for a third straight day, as the market remains cautious of a fresh attempt by Indonesia to ramp up overseas shipments.

KUALA LUMPUR: Malaysian crude palm oil prices will remain weak for most of the third quarter of this year, the country's commodities minister said on Monday (Jul 25), after rival producer Indonesia scrapped its export levy.

KUALA LUMPUR (July 25): Putrajaya is targeting to introduce the flexi price ceiling for oil palm-based bottled cooking oil, in a bid to control the maximum price and prevent profiteering by traders.

KUALA LUMPUR: The government will gazette the maximum retail price for palm cooking oil in bottles to ensure that the product will have its maximum retail price from time to time.

JAKARTA: Malaysian palm oil futures fell for a third straight session on Monday as market was disappointed by export data while Indonesia is expected to remove an export restriction that would further increase global supply.

MORE than RM380mil had been allocated for the bottled cooking oil subsidy in the past 11 months up to June under the temporary subsidies programme, says Deputy Domestic Trade and Consumer Affairs Minister Datuk Rosol Wahid.

24/07/2022 (The Star Online), Kuala Lumpur - Demand for Malaysia’s palm oil will continue to rise globally despite Indonesia’s decision to waive its palm oil export levy to cut bloated stockpiles, says Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.