Archived News
03-01-2023
Rice prices up 15%, Palm oil seen rising too
03/01/2023 (Economic Times) - Rice and palm oil are becoming more expensive in India. In the last one month, the price of rice has increased by up to 15 per cent, while that of palm oil is seen rising by Rs 5-7 a litre in the coming weeks.
03-01-2023
Indonesia Will Export Less Palm Oil to Keep Supplies at Home
30/12/2022 (Bloomberg) - Indonesia, the world’s biggest palm oil producer, is set to export less of the commodity overseas as it tightens a policy requiring companies to keep more supply at home. Prices jumped more than 2%.
03-01-2023
Palm oil posts annual loss after three years of gains
02/01/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures rose on Friday as top producer Indonesia tightened export rules, although the benchmark contract logged an annual loss after three years of gains.
03-01-2023
Lack of sustainability limits funds, markets for oil palm producers
31/12/2022 (Business Day, Nigeria) - The oil palm tree has a reputation for producing high-quality oil that is used for cooking, mostly in developing countries. It also finds its way into several food products, detergents, cosmetics and, to some extent, biofuel.
30-12-2022
Brighter year for palm oil
29/12/2022 (New Straits Times) - OUR palm oil industry is looking at a better performance for this year which we foresee will continue into 2023.
30-12-2022
Indonesia puts off 35% palm oil biodiesel rule to Feb 1
29/12/2022 (Free Malaysia Today), Jakarta - Indonesia will start its mandatory 35% palm oil biodiesel blending programme on Feb 1, a month later than initially planned, the energy ministry said.
30-12-2022
CPO futures end marginally higher
29/12/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives (BMD) ended slightly higher on Thursday despite the weakness in commodities futures prices.
30-12-2022
Indonesia delays mandatory 35% palm oil biodiesel blending to Feb. 1
30/12/2022 (Hellenic Shipping News) - Indonesia will start its mandatory 35% palm oil biodiesel blending on Feb. 1, a month later than initially planned, the energy ministry said, without citing a reason.
30-12-2022
Palm oil ends flat, demand concerns weigh
30/12/2022 (Hellenic Shipping News) - Malaysian palm oil futures reversed losses on Thursday after trading in a tight range, but the contract ended virtually unchanged, weighed down by sluggish demand and as traders booked profits.
30-12-2022
Now, price rise in palm oil, trend likely to continue
29/12/2022 (Telangana Today), Hyderabad - Prices of palm oil are firming up. The price, which till recently was about Rs 100 a litre, is now at Rs 110. The price has increased about ten per cent or so and the trend is likely to continue for some more time.
29-12-2022
Fitch Ratings expects crude palm oil to average US$850 a tonne in 2023
28/12/2022 (The Edge Markets), Kuala Lumpur - Malaysian benchmark crude palm oil (CPO) spot prices will average US$850 (RM3,763.80) per tonne in 2023, significantly lower than US$1,175 per tonne in 2022, according to Fitch Ratings.
29-12-2022
VEGOILS-Palm oil scales near four-week peak on China reopening hopes
28/12/2022 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures ticked up on Wednesday, hovering near a near four-week high on hopes of a recovery in demand after China eased COVID-19 curbs.