Archived News

15/11/2022 (Hellenic Shipping News) - Disruptions to crude palm oil supplies because of tropical storms are expected continue into the first quarter of 2023 , keeping prices upbeat in the near-term,Malaysia’s industry officials said.

15/11/2022 (Hellenic Shipping News) - India’s palm oil imports in 2021/22 fell 4.8% from a year ago as the overseas buying of soyoil jumped 45.3% to a record high after Indonesia restricted shipments of the tropical oil, a leading trade body said.

16/11/2022 (China Daily) - Closer China-Indonesia economic and trade cooperation will benefit the two countries and add new growth momentum to the regional and world economy, experts and business leaders said, adding that the two populous developing countries share huge trade complementarity, entwined interests and great economic cooperation potential.

14/11/2022 (The Star Online), Jakarta - Indonesia's trade surplus is seen narrowing slightly in October to $4.5 billion, amid weakening in global trade and moderating commodity prices, a Reuters poll showed on Monday.

14/11/2022 (The Sun Daily) - Malaysian palm oil will likely trade between RM3,800 per tonne and RM4,200 per tonne until the second quarter of 2023 (Q2’23), as palm oil production is forecast to recover slightly next year.

15/11/2022 (The Edge Markets), Kuala Lumpur - Palm oil demand from major buyer China will likely recover next year, as the country loosens its zero-Covid rules, with Indonesia expected to win a bigger market share than smaller rival Malaysia, analysts said in an online seminar on Monday.

14/11/2022 (The Edge Markets), Kuala Lumpur - Malaysia's palm oil board on Monday (Nov 14) warned of a tough 2023 for the market for the world's most consumed edible oil, with the persistence of global uncertainties in weather, geopolitics and economics that have caused wide price swings this year.

13/11/2022 (lm Tribune), MANKATO, Minn. - Where the Blue Earth River empties into the Minnesota River, a plant has been crushing farmers’ soybeans since the 1930s.

14/11/2022 (Nasdaq),North Dakota - North Dakota's soybean industry is at the forefront of what could be a once-in-a-generation transformation in coming years, with two new processing plants set to open in 2023 and 2024 to meet rising domestic biofuel production.

13/11/2022 (Business Standard) - The Centre has told the Supreme Court that genetically modified (GM) mustard will contribute to Indias self-sustenance with respect to production of edible oil and it will go a long way in realising the vision of 'Aatmanirbhar Bharat'.

14/11/2022 (Hellenic Shipping News) - Chicago wheat, corn and soybeans rose on Friday, underpinned by strong commodities and equities markets, as well as hopes that China’s easing of COVID-19 restrictions could boost demand.

13/11/2022 (Economic Times) - Soybean Indore prices have shown a whopping 8% rally after the removal of stock limits on Oil and Oilseed for wholesale dealers and big retail chains, which was announced on November 01, 2022, and long demanded by the millers, crushers, and associations.