Archived News
15-02-2022
India's vegetable oil imports up 16% in January on surge in soft oil demand
India's monthly vegetable oil imports climbed to 1.27 million mt in January, up 16% from a year back due to increased purchases of soybean and sunflower oils, industry body, the Solvent Extractors' Association of India, said Feb. 14.
14-02-2022
Effective duty on crude palm oil cut to 5.5% to cool edible oil prices
The government on Saturday brought down the effective duty on crude palm oil import to 5.5 per cent from 8.25 per cent earlier, a move which will help control cooking oil prices and support domestic processing companies.
14-02-2022
Impact on supply chain due to US order on palm oil firms worries MPOC
PETALING JAYA: Malaysia has conveyed its concerns to the US Customs and Border Protection (CBP) agency on how the Withhold Release Order (WRO) issued by the body on two oil palm companies may impact others in the supply chain, said Malaysian Palm Oil Council chairman Larry Sng.
14-02-2022
The skyrocketing prices of edible oil
KARACHI:Prices of edible oil, ghee and related products were adjusted upwards several times during the previous year.
14-02-2022
Column-Funds top off bullish CBOT soy bets but tap brakes on corn – Braun
FORT COLLINS, Colo. (Reuters) - Speculators last week expanded soybean optimism to keep pace with their most bullish-ever views for the time of year, but they eased off their massive corn bets to a much larger degree than expected.
14-02-2022
Maybank IB retains ‘positive’ call on regional plantations
KUALA LUMPUR, Feb 14 — Maybank Investment Bank Research (Maybank IB) has maintained its ‘positive’ call on the regional plantation sector, based on expectations that the crude palm oil (CPO) average selling prices (ASP) would stay elevated in the first quarter of 2022 (Q1 2022).
14-02-2022
Centre Reduces Agricultural Cess on Crude Palm Oil
The Union government has decided to reduce the agricultural infrastructure development cess (AIDC) on crude palm oil (CPO) from 7.5 percent to 5% effective February 13, thereby widening the gap between crude and refined oil. After this reduction, the effective difference between CPO and RBD palmolein will be 8.5%.
11-02-2022
Lower crude palm oil stockpile, output in the first month of 2022
Malaysia’s crude palm oil (CPO) stocks fell 7.7% to 786,828 tonnes in January 2022 from 852,339 tonnes in December 2021 amid lower production, said the Malaysian Palm Oil Board (MPOB).
11-02-2022
Palm falls on weak Malaysian export data
Malaysian palm oil futures closed lower on Thursday, hit by profit-taking and weak exports in the first 10 days of February, although a drop in January end stocks limited losses.
11-02-2022
Malaysia end-Jan palm oil stocks lower than expected as imports, output tumble
Malaysia's palm oil inventories dropped more than anticipated at the end of January, hitting a six-month low as production and imports slumped, data from the industry regulator showed on Thursday.
11-02-2022
Concerns over weaker demand weigh on CPO prices
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on concerns over weaker demand, according to a dealer.
11-02-2022
Malaysian Palm Oil All Set For The Big Push Into The UAE Market
An MoU was earlier sealed between MPOC and the Lulu Group International (LULU) to promote and market Malaysia’s palm-oil based products through the latter’s wide chain of hypermarkets located in the UAE.