Archived News
08-04-2022
Explained: Indonesia’s palm oil crisis
The world’s largest producer and exporter of palm oil is facing domestic shortages, leading to price controls and export curbs. What explains this situation, and what are the implications for India?
08-04-2022
MPIC wants to form business venture with Pakistan
THE Ministry of Plantation Industries and Commodities (MPIC) has invited businesses in Pakistan to enter into more joint ventures with Malaysia, mainly in the development of downstream products.
08-04-2022
India’s import bill for edible oil likely to jump by $2 billion
India has contracted 45,000 tonne of sunflower oil from Russia and another 20,000 tonnes of sunflower from Argentina for the current month at $2100 per tonne. The ongoing conflict between Russia and Ukraine has pushed up edible oil prices sharply in the March quarter.
08-04-2022
Soybean oil demand spikes in Japan following COVID-19
TOKYO, JAPAN — As the economy recovers from COVID-19 measures, demand for soybean oil in Japan is spiking with less people cooking at home, according to a report from the Foreign Agricultural Service of the US Department of Agriculture (USDA).
08-04-2022
CPO futures end lower on concerns over rising production
KUALA LUMPUR (April 7): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Thursday on concerns over rising production, said a dealer.
08-04-2022
VEGOILS-Palm falls for second day on higher output forecast
KUALA LUMPUR, April 7 (Reuters) - Malaysian palm oil futures fell for a second straight session on Thursday, as industry group Malaysian Palm Oil Association (MPOA) forecast a bigger-than-expected rise in March production.
07-04-2022
Malaysia's palm oil stock likely grew 2.8% m-o-m to 1.56 million tonnes at end-March — CGS-CIMB
KUALA LUMPUR (April 6): Malaysia's palm oil inventory likely grew by 2.8% month-on-month (m-o-m) to 1.56 million tonnes at end-March 2022 due to higher output, according to CGS-CIMB.
07-04-2022
CPO futures end mostly higher
KUALA LUMPUR (April 6): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended mostly higher on Wednesday ahead of the Malaysian Palm Oil Board (MPOB) data due out next week.
07-04-2022
Palm ends little changed as traders assess exports, output prospects
Malaysian palm oil futures were little changed on Wedneday after trading in a tight range on either side of 5,890 ringgit, as traders assessed supply uncertainties amid fears of new sanctions on Russia, and prospects of rising exports and production.
07-04-2022
Palm oil gains 4pc
KUALA LUMPUR: Malaysian palm oil futures jumped as much as 4.5% on Tuesday, their biggest percentage gain in nearly a month, as jitters over the fallout from the Russia-Ukraine crisis spurred concerns over the global supply of vegetable oils and other commodities.
07-04-2022
Edible oil prices go up again
In spite of the government fixing edible oil prices recently, the prices of loose soybean oil and palm oil have gone up at both retail and wholesale markets due to a supply crisis.
07-04-2022
300,000 ‘Mari Kenali Sawit’ books to be distributed in schools
KLANG: About 300,000 copies of the book ‘Mari Kenali Sawit’ (Let’s Get To Know Oil Palm) will be distributed in selected government and private schools nationwide as part of the government’s effort to provide students with exposure to oil palm.