Archived News

31/03/2022 (The Edge Markets), Kuala Lumpur - Exports of Malaysian sustainable palm oil into the Middle East and North Africa (MENA) region will continue to grow in tandem with the increasing population of the region, said consulting and trading firm Farm Trade.

31/03/2022 (Business Standard) - In order to improve the domestic availability and keep prices of edible oils under control, the Government of India has extended "free imports" of refined palm oils till December 2022, Union Minister of State for Consumer Affairs, Food and Public Distribution Sadhvi Niranjan Jyoti said on Wednesday.

31/03/2022 (The Star Online), Jakarta - Indonesia's anti-trust agency is investigating eight cooking oil producers on suspicion of cartel practices amid high retail prices, its chief Ukay Karyadi said on Thursday (March 31).

31/03/2022 (New Straits Times) - The government is looking into ways to prevent irresponsible quarters from abusing subsidised cooking oil for easy profit.

31/03/2022 (Business Standard) - The government on Thursday extended stock limits on edible oils and oilseeds till December this year in order to check the soaring prices of the commodities due to the current global geopolitical situation.

31/03/2022 (The Times of India), Mumbai - The ongoing war in Ukraine, which is the world's largest sunflower grower, is likely to result in at least 25 per cent or 4-6 lakh tonnes shortage of crude sunflower oil supplies in India next fiscal, according to a report.

Kuala Lumpur - Malaysian Palm Oil Council (MPOC) said Malaysia is ready to help and cater to the requirements on sustainable palm oil to substitute for sunflower oil amid an acute shortage in Iceland supermarkets.

Kuala Lumpur - Iceland supermarket's recent decision to reverse its ban on palm oil and return to the crop despite its skepticism over sustainable palm oil proved its importance in fulfilling the demand-supply gap of global oils and fats, the Malaysian Palm Oil Board (MPOB) said.

Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Wednesday following bearish undertone in Chicago Board of Trade’s soybean oil prices, a dealer said.

Kuala Lumpur - KUALA LUMPUR (March 30): Creative and innovative ways in utilising technology are crucial to maintain the palm oil industry’s competitive advantage, said Council of Palm Oil Producing Countries (CPOPC) executive director Tan Sri Dr Yusof Basiron.

Malaysian palm oil futures ended lower on Wednesday, erasing gains made in the previous session, as signs of progress in Russia-Ukraine peace talks boosted hopes of an end to a conflict that has roiled global supply of commodities, including edible oils.

Indonesia’s palm oil export levy collection in 2022 is estimated at 68.18 trillion rupiah ($4.76 billion), down from last year’s 71.6 trillion rupiah, said Eddy Abdurrachman, head of the palm oil fund agency.