Archived News

According to BV Mehta, executive director, SEA, “India had imported around 127,000 tonnes of sunflower oil from Ukraine, 73,500 tonnes from Russia and 11,900 tonnes from Argentina. These consignments had left for India before the conflict began between the two countries and no shipment from Ukraine took place in April.”

PARIS, April 14 (Reuters) - French oilseed group Avril said on Thursday it plans to build additional sunflower seed crushing capacity to cut its reliance on imports, as the war in Ukraine reduced shipments of sunflower oil and meal from the European Union's main suppliers.

Jakarta (ANTARA) - Industry Minister Agus Gumiwang Kartasasmita evaluated a data collection system for the distribution of subsidized bulk cooking oil called the Bulk Cooking Oil Information System (SIMIRAH).

KUALA LUMPUR, April 15 (Reuters) - Italian confectionary giant Ferrero said it will stop sourcing palm oil from Sime Darby Plantation (SIPL.KL) after the U.S. customs service found the Malaysian planter used forced labour.

KUALA LUMPUR, April 14 (Reuters) - Malaysian palm oil futures rallied 3% on Thursday, as the Argentina trucker strike threatens to hammer a tight global edible oil market that is already squeezed by the Russian-Ukraine conflict.

KUALA LUMPUR (April 13): The US Department of Agriculture (USDA) has raised its global palm oil output, trade and stocks forecasts in its April oilseeds world markets and trade report.

KUALA LUMPUR (April 13): Malaysia has an adequate supply of palm oil to cater to the demand of the United States (US) and the European Union (EU), said Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin.

Malaysian palm oil futures reversed early gains on Wednesday, easing from a nearly three-week high, as investors’ attention shifted to data that signalled a drop in export shipments.

Kota Kinabalu: Sabah’s ambition to become the region’s logistics hub took a huge step forward with a link- up with China’s Shandong Port Overseas Development Group, the biggest port operator in the world.

In March, 539,793 tonnes of palm oil landed in India, up from 454,794 tonnes in February, the Solvent Extractors' Association of India (SEA) said in a statement

KUALA LUMPUR (April 13): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped a three-day winning streak on profit-taking in line with the bearish soybean oil performance on the Dalian Commodity Exchange.

ENVIRONMENT, social and governance (ESG) factors remain an important investment criterion despite the discounts that were applied to exchange listed companies in sectors like plantations appear to have narrowed since the outbreak of the Russia-Ukraine conflict in February.