Archived News

KUALA LUMPUR: Malaysian palm oil futures jumped to a more-than-three-month peak on Thursday, underpinned by flooding woes, a weaker ringgit, and as traders assessed the impact of India’s removal of duty-free import quotas for sunflower oil.

BUENOS AIRES, March 2 (Reuters) - The Buenos Aires grains exchange said on Thursday it plans to cut its estimate for Argentina's soybean crop for the 2022/23 cycle for the fourth time as the country struggles with the ongoing impact of drought and high temperatures.

ndia has decided to scrap a duty-free imports quota of 2 million tonnes of crude sunflower oil for the next fiscal starting from April 1, the government said on Wednesday, as the world’s biggest importer of vegetable oils tries to support local oilseed farmers.

01/03/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures rose on Wednesday after a near 2% drop in the previous session, as heavy rains in the world's second-largest producer added to supply restraints.

02/03/2023 (The Indian Express) - AFTER CONSUMERS, farmers are complaining about the prices of edible oil. Except, their grievances pertain to the price of the commodity being too low.

01/03/2023 (Farmers Review Africa) - Tanzanian research institutes have discovered new high yielding palm oil seeds that is set to boost the cultivation of the trees and production of the edible oil in the country.

01/03/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures extended early losses on Tuesday on lacklustre exports and rising production, but were set for an 8.4% monthly gain as flood risk warnings raised concerns about output disruptions.

01/03/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures rose on Wednesday after a near 2% drop in the previous session, as heavy rains in the world’s second-largest producer added to supply restraints.

01/03/2023 (Channel News Asia), Singapore - Exports of Malaysian palm oil products for February rose 1.7 per cent to 1,131,939 tonnes from 1,113,292 tonnes shipped during January, cargo surveyor Societe Generale de Surveillance said on Wednesday.

28/02/2023 (Business Standard) - Expressing concern over rape-mustard seed rates falling below the minimum support price (MSP), edible oil industry body SEA on Tuesday demanded the government commence procurement and restrict imports of refined palm oil as part of steps to arrest the price drop.

01/03/2023 (New Straits Times), Manila - Malaysia and the Phillippines relations are on a strong footing and the visit of Prime Minister, Datuk Seri Anwar Ibrahim, starting today, will take it further forward.

28/02/2023 (New Straits Times), Kuala Lumpur - Malaysia has invited Thailand to join the Council of Palm Oil Producing Countries (CPOPC) as a member to create a stronger voice to address discriminatory protectionist measures against palm oil and rubber producers at Asean level.