Archived News

The U.S. exported 15,689 metric tons of biodiesel and biodiesel blends of B30 and greater in February, down from 26,383.6 metric tons in January and 17,149.8 metric tons in February 2021, according to data released by the USDA Foreign Agricultural Service on April 5.

KUALA LUMPUR: Employers want the foreign worker issue to be resolved quickly and called on the government to expedite the application and approval processes in hiring them.

(April 5): Oil palm growing nations will continue to supply the tropical oil to Europe as consumers in the region switch to alternatives due to the shortage of sunflower oil, according to the Council of Palm Oil Producing Countries.

KUDAT (April 5): As of February this year, 69 Sustainable Oil Palm Growers Cooperatives (KPSM) have been established throughout the country, said Deputy Minister of Plantation Industries and Commodities, Datuk Seri Dr Wee Jeck Seng.

Malaysian palm oil futures climbed for a second straight session on Tuesday, lifted by strength in crude oil futures and as surveys indicated tight end-March inventories in the world’s second largest producer.

NIWAI, India (April 5): India has harvested a record rapeseed-mustard crop, but crushing could lose momentum in the coming months as many farmers are holding back from selling to oilseed processors in the hope prices will rally further.

SINGAPORE: Palm oil may gain more into a range of 5,855-5,966 ringgit per tonne, as suggested by a projection analysis. Market is still under a consolidation phase.

PETALING JAYA: The plantation sector is likely to see record earnings for the January to March quarter as crude palm oil (CPO) prices stay elevated.

(April 4): Indonesia’s police will be deployed for a 24-hour surveillance of cooking oil production and distribution as rising food prices become a key political issue in the country.

Palm oil imports rise 21% in March to 5,50,000 tonnes India's palm oil imports jumped 21% in March from the previous month as traders moved to secure alternatives to sunflower oil that can no longer be bought from Ukraine, four dealers told Reuters.

KUALA LUMPUR (April 4): Malaysia's palm oil stockpile is pegged to tick up at the end of March, as a rise in exports and plummeting imports offset growing production, a Reuters survey showed on Monday.

KUALA LUMPUR (April 4): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher, tracking gains in the Chicago Board of Trade soybean oil prices, said a dealer.