Archived News

24/10/2022 (Malay Mail), Mumbai - Palm oil prices are likely to strengthen further as excessive rain in key producing countries curbs output, while demand increases for its use in food and biofuels, industry officials said.

24/10/2022 (The Borneo Post) - KUCHING: The medium-term prospects for crude palm oil (CPO) prices are improving, given the supply risks and improving demand outlook, analysts at RHB Investment Bank Bhd (RHB Investment) viewed in a report.

25/10/2022 (Hellenic Shipping News) - Indonesia has found the overall size of its palm oil plantations is bigger than its database shows, among several initial findings of a state audit of the industry aimed at improving governance, a senior minister said on Monday.

22/10/2022 (The Star Online), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are expected to trade with a downward bias next week due to the expectation of higher stocks in the country as well as weaker demand, said palm oil trader David Ng.

24/10/2022 (Tasting Table) - Among pantry staples, olive oil is non-negotiable. The fatty liquid operates as a cooking essential as much as it does a flavorful drizzle. Use it atop homemade pizzas, fry up eggs with it, or enjoy it alongside a loaf of fresh bread. With so many uses, olive oils can have a range of characteristics and specifications. You can choose from oils of varying degrees of lightness, refinery, and other attributes.

25/10/2022 (Pakistan Observer) - The domestic production of edible oil and vegetable ghee during first two months of current financial year grew by 6.4 percent and 6.6 percent respectively as compared to the output of the corresponding period of last year.

20/10/2022 (African Feeds) - Globally, 1.6 billion people depend on forests for their jobs and livelihoods, while in many African countries 50–60% of the population work in agriculture. However, the Food and Agriculture Organization (FAO) estimates that the rate of deforestation between 2015 and 2020 was 10 million hectares per year; with agricultural commodities such as palm oil, rubber and cocoa being one of the leading drivers.

19/10/2022 (Hellenic Shipping News) - Malaysian palm oil futures on Wednesday rose to their highest level in nearly seven weeks, as fears of higher Indian import taxes and heavy rains hurting production fuelled buying.

20/10/2022 (The Western Producer) - Growers advised to keep an eye on soybean crop in South America and palm oil exports when marketing this winter

19/10/2022 (Business Recorder), Singapore - Palm oil faces a resistance at 4,071 ringgit per tonne, it may hover below this level or retrace towards a support zone of 3,924 ringgit to 3,958 ringgit.

20/10/2022 (The Malaysian Reserve) - THE Biden administration’s push to impose a price cap on Russian oil exports creates a precedent that could affect other commodities and may worsen global economic anxiety, said Indonesian Finance Minister Sri Mulyani Indrawati.

20/10/2022 (Nutritional Outlook) - The United States Pharmacopeia (New York; USP) has published the Palm Oil Tocotrienols and Tocopherols Monograph under Non-Botanical Dietary Supplements. According to the monograph, palm oil tocotrienols and tocopherols consist mainly of a mixture of alpha-, beta-, and gamma-tocotrienols and alpha-tocopherol derived from the oil from the mesocarp of fruits of Elaeisguineensis Jacq. Phytosterols and squalene are also naturally present in palm oil.