Archived News
16-02-2022
Good times end for Nepali palm oil exporters
Nepal's palm oil exports to India may take a hit as the southern neighbour has slashed customs duty on crude palm oil from 7.5 to 5 percent to lower edible oil prices ahead of its state elections, Nepali traders say.
16-02-2022
Malaysian palm oil all set for the big push into the UAE market
The Malaysian Palm Oil Council (MPOC), has launched its ‘Malaysian Palm Oil Full of Goodness’ consumer campaign at the LuLu Hypermarket located at the Dubai Silicon Oasis in its effort to drive the growth of the commodity in the UAE.
16-02-2022
Palm oil may hover below 5,676 ringgit
SINGAPORE: Palm oil faces a resistance at 5,676 ringgit per tonne. It may hover below this level or retrace towards the range of 5,484 ringgit to 5,558 ringgit.
16-02-2022
IOI pauses share buyback as CPO rally lifts stocks
KUALA LUMPUR (Feb 15): IOI Corp Bhd has paused its months-long share-buyback activities amid the gradual rise in share prices on the back of the boom in crude palm oil (CPO) prices.
16-02-2022
India’s Jan palm oil imports drop as refiners switch to soft oils
India’s palm oil imports in January plunged 29% from a year earlier, as a rally in tropical oil prices to a record high prompted refiners to increase buying of rival soyoil and sunflower oil, a leading trade body said on Monday.
15-02-2022
Use palm oil as a primary ingredient in soap formulations, MPOB encourages entrepreneurs
KUALA LUMPUR: Malaysian Palm Oil Board (MPOB) encourages entrepreneurs to use palm oil as a primary ingredient in soap formulations.
15-02-2022
Palm oil closes at record high on India's move to reduce duty
JAKARTA (Feb 14): Palm oil finished at an all-time high, tracking stronger soybean oil and petroleum prices, with India's move to cut a tax on imports seen boosting demand for the tropical oil from the world's biggest buyer.
15-02-2022
India imports 376,612 tonnes of palm oil from Malaysia in January
NEW DELHI, Feb 14 — India imported 376,612 tonnes of palm oil from Malaysia in January, representing 68 per cent of its total imports of the commodity.
15-02-2022
Indonesia Keen Over Reducing Palm Oil Exports for Curbing Price Rise
The government of Indonesia is now keen over curbing the rising domestic palm oil prices. In this regard, the Government has implemented new palm oil export requirements at the end of January 2022. Palm oil prices in the country are up more than 30 percent since early 2021.
15-02-2022
CPO futures hit fresh all-time high of RM5,667
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed at an all-time high of RM5,667 a tonne for the April contract.
15-02-2022
Agri cess for crude palm oil reduced to keep price rise in check
The Centre has reduced the agri-cess for crude palm oil (CPO) from 7.5 percent to 5 percent with effect from February 12, an official statement said on Monday. This is being done with a view to provide further relief to consumers and to keep in check any further rise in prices of domestic edible oils due to rise in prices of edible oils globally,
15-02-2022
Palm oil remains neutral in 5,524-5,608 ringgit range
SINGAPORE: Palm oil remains neutral in a range of 5,524-5,608 ringgit per tonne, and an escape could suggest a direction.