Archived News

13/03/2022 (Arab News), Riyadh - Egypt has announced that it has imposed a three-month export ban on green wheat, cooking oil, and corn, local newspaper Ahram reported, citing the Minister of Trade and Industry Nevine Gamea

12/03/2022 (The Start Online), Jakarta - Indonesia's palm oil exports, including refined products such as oleochemical, were 2.18 million tonnes in January, down 23.8% from the same month last year, the Indonesian Palm Oil Association (GAPKI) said on Friday.

11/03/2022 (BD News 24) - Cooking oil prices have declined by at least Tk 15 in Dhaka after the government threatened to crack down on any rogue trader found to be manipulating the daily commodity market.

10/03/2022 (TBS News) – Despite the announcement of waiving value-added tax (VAT) on edible oil, refiners say the "misplaced measure" would not be able to rein in the spiralling prices.

10/03/2022 (The New Indian Express) - The impact of the Russia-Ukraine war is already being felt in India. While our students studying there faced problems, now our kitchens too are facing the heat as prices of cooking oil have started soaring since the outbreak of the war.

11/03/2022 (The Hindu) - While some hotels are looking at cutting down on fried food items, others are worried that they may have to hike prices after April 1, 2022.

11/03/2022 (Fortune India) - With the Ukraine-Russia war continuing indefinitely, a hike in edible oil prices as well as shortage in supply seems round the corner, at least for the short-term. After all, 90% of India's sunflower oil requirement is catered by Ukraine and Russia and shipments have completely stopped ever since the war started. Sunflower oil comprises 15% of most edible oil brands. "If that 15% doesn't come for a longer period of time then consumers will have to shift to soybean, rice-bran or palm oil," points out Angshu Mallick, CEO, Adani Wilmar, makers of the Fortune brand of oil.

11/03/2022 (The Malaysian Reserve) - THE Human Rights Commission of Malaysia (Suhakam) stated that eight out of 1,000 workers in the oil palm plantation sector in Malaysia are in forced labour, which includes private estate and government scheme workers.

11/03/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended mostly lower tracking weakness in the Chicago bean oil market, said palm oil trader David Ng.

11/03/2022 (Business Daily Africa) - Prices of crude palm oil have jumped by 33 percent due to the Ukrainian crisis, as sector players initiate efforts to urge the government to contain a further rise in cooking oils.

11/03/2022 (The Star Online), Jakarta - Indonesia's palm oil price should not be dictated by the external market, its trade minister said on Thursday, backing his decision to expand palm oil export curbs at a time of surging global prices from a global supply crunch.

10/03/2022 (The Star Online), Jakarta - Indonesia will expand its mandatory domestic sales of palm oil to 30% of planned exports by companies from 20% currently starting from today as part of efforts by authorities to contain cooking oil prices, according to Trade Minister Muhammad Lutfi.