Archived News

28/03/2022 (The Malaysian Reserve) - AS WE are all well aware, our nation is on the road to recovery following the devastating impacts of the Covid-19 pandemic, which not only claimed many lives, but also battered our economy.

25/03/2022 (Grain News) - There’s to be a small increase in palm oil production in Indonesia in 2022-23, according the U.S. Department of Agriculture’s attaché in Jakarta.

25/03/2022 (Grain News) - The area sown to sunflower in Ukraine is likely to fall to 4.81 million hectares (11.89 million acres) in 2022 from 6.66 million hectares in 2021 due to hostilities in many regions, the agriculture ministry said on Friday.

25/03/2022 (Nasdaq) - Malaysian palm oil futures rebounded on Friday from a selloff in the previous session, amid tight near-term supplies that helped the contract post a weekly gain of about 7%.

In Malaysia, Antara news agency reports the Ministry of Energy and Mineral Resources estimates biodiesel’s contribution to the national economy reached $4 billion in 2021, so it will continue to support the blending mandate despite rising palm oil prices.

The country's oil palm industry is set to accelerate growth with the recent launch of the National Agricommodity Policy 2021-2030 (DAKN 2030).

KUALA LUMPUR (March 24): Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin said that Malaysia remains committed to implementing nationwide adoption of the B20 palm oil biofuel programme despite current high crude palm oil prices.

KUALA LUMPUR (March 24): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Thursday after profit-taking activities trimmed earlier gains, a dealer said.

Indian vegetable oil buyers are set to receive about 30,000-40,000 mt of Russian-origin sunflower oil in March with shipments from largest supplier Ukraine still stuck at ports due to the war, traders told S&P Global Commodity Insights March 23.

PARIS/SINGAPORE, March 24 (Reuters) - Chicago soybean futures eased on Thursday after a three-day rally fuelled by exports, as investors awaited developments in Russia's month-old invasion of Ukraine.

Edible oil prices have surged 70 percent year-on-year and about 20-30 percent month-on-month since the start of the Ukraine war. This is because India imports 60 percent of its edible oil requirement which is about 13 million tonne. Russia and Ukraine together account for 60 percent of sunflower oil production and exports and hence supply shortage has spurred the prices further.

JAKARTA: Malaysian palm oil futures dropped on Thursday after oil prices fell, making palm a less attractive option for the biodiesel feedstock, while investors monitored developments from meetings in Europe on the war in Ukraine.