Archived News

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.

14/02/2023 (New Straits Times), Kuala Lumpur - Research houses are retaining their neutral calls on the plantation sector after data revealed that Malaysia's crude palm oil (CPO) stocks increased three per cent month-on-month (m-o-m) to 2.3 million tonnes at the end of January, while exports fell 23 per cent m-o-m and two per cent year-on-year (y-o-y) to 1.14 million tonnes in Jan 2023.

14/02/2023 (The Malaysian Reserve) - FROM a humble start over a century ago, Malaysia is now the second-largest producer of palm oil and a major exporter globally.

14/02/2023 (Morning Star) - Dekel Agri-Vision PLC on Tuesday said January was a record month for crude palm oil extraction and prices at its Ayenouan palm oil project in the Ivory Coast.

14/02/2023 (The Hindu Business Line) - Burdened by massive import of vegetable oil amounting to 13-14 million tonnes and valued at over $14 billion to meet chronic domestic shortage, the government is keen to boost domestic production and reduce the dependence on imports.

13/02/2023 (Nasdaq), Jakarta - Malaysian palm oil futures rebounded on Monday, helped by higher exports and stronger rival oils, while market participants monitored Indonesian exports policy.

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.

13/02/2023 (The Malaysian Reserve) - THE proposed ban on palm oil exports to the European Union (EU) may bring unexpected dire consequences to the industry, experts said.

13/02/2023 (Reuters), Mumbai - 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.

13/02/2023 (Economic Times) - 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.