Archived News

Edible oil processors in Bangladesh have proposed the government raise the price of soybean oil by Tk 20 per litre, according to processors and officials of the Bangladesh Trade and Tariff Commission (BTTC).

SERDANG: Cooking oil producers and sellers have been told to avoid hoarding or rationing the commodity once a controlled maximum price at RM34.70 per five-kilogramme bottle comes into effect tomorrow.

New Delhi, Aug 7 (Language) Due to the fall in the prices of edible oils in the foreign markets last week, almost all including mustard, groundnut, soybean oil-oilseeds and cottonseed, crude palm oil (CPO), palmolein oil in the oil-oilseeds markets across the country. Edible oilseeds prices recorded a loss. Rest of the oil and oilseeds prices remained unchanged.

04/08/2022 (The Star Online) - KUALA LUMPUR: Malaysia's palm oil inventories at end-July likely jumped to the highest in eight months due to improving production and soaring imports, a Reuters survey showed on Thursday.

04/08/2022 (The Edge Markets), Kuala Lumpur - The Special Task Force on Jihad Against Inflation on Thursday has requested the Malaysian Palm Oil Board to conduct two further studies including one on a two-tier pricing system for palm cooking oil.

04/08/2022 (The Sun Daily), Kuala Lumpur - Malaysia’s crude palm oil (CPO) output is expected to grow by 2.8% month-on-month (m-o-m) and 4.3% year-on-year (y-o-y) to 1.59 million tonnes in July 2022, said CGS-CIMB Securities Sdn Bhd.

04/08/2022 (The Sun Daily), Kuala Lumpur - Malaysia is prepared to meet India’s demand for palm oil in light of potentially inconsistent supply from Indonesia as a result of changes in palm oil export policy, which have created market uncertainty for major importing countries.

04/08/2022 (Business Recorder), Singapore - Palm oil may test a support at 3,717 ringgit per tonne, a break below could open the way towards 3,489-3,598 ringgit range. The contract started a bounce earlier than expected, which was supposed to occur around 3,717 ringgit.

04/05/2022 (The Hindu Business Line) - India is the second largest edible oil market in the world. It consumes, on an average, 21 million tonnes (mt) of edible oil each year, of which, 7-8 mt are produced locally, while 13 mt — that is, 66-68 per cent — are imported. This makes India the No.1 importer, with close to $18 billion outflow last year.

04/08/2022 (The Star Online), Petaling Jaya - It will take some three to five years before plantation stakeholders who invested in automation could see the potential outcome, says Malaysian Palm Oil Council (MPOC) chairman Larry Sng.

04/08/2022 (The Star Online) - KUALA LUMPUR: Malaysia's palm oil inventories at end-July likely jumped to the highest in eight months due to improving production and soaring imports, a Reuters survey showed on Thursday.

04/08/2022 (The Edge Markets), Kuala Lumpur - The Special Task Force on Jihad Against Inflation on Thursday has requested the Malaysian Palm Oil Board to conduct two further studies including one on a two-tier pricing system for palm cooking oil.