Archived News

Indonesian used cooking oil (UCO) exporters will form an association to lobby against new export restrictions that will curb overseas sales of the waste biodiesel feedstock from today, sources close to the matter told Argus.

MUMBAI, Jan 20 (Reuters) - Indonesia's plan to limit palm oil exports that has driven prices to record highs is likely to make leading importer India shift to substitute soy and sunflower oils, potentially capping the market's rally, industry officials and analysts said.

KUALA LUMPUR, Jan 20 (Reuters) - Malaysian palm oil futures hit an all-time high of 5,228 ringgit a tonne on Thursday, as traders shrugged off weak exports to focus on tight supply and news of Indonesia's plan to restrict exports of the edible oil.

SINGAPORE: Palm oil may retest a support at 5,106 ringgit, as it faces a resistance at 5,174 ringgit per tonne.

Jakarta (ANTARA) - The government is working to ensure that the supply of cooking oil is safe and sufficient to meet the people's needs for the next six months, main expert staff of the Presidential Staff Office (KSP) Edy Priyono has said.

ISLAMABAD, (UrduPoint / Pakistan Point News - 20th Jan, 2022 ) :The imports of soyabean oil into the country during firs-half of current financial year reduced by 4.11%, where as palm oil increased by 65.84% as compared the corresponding period of last year.

On Thursday, the CME Group’s farm markets lean on the soybean run-up to eight-year highs for momentum. At the close, the March corn futures finished ½¢ higher at $6.11. May futures ended ¼¢ lower at $6.10. December futures closed 2½¢ lower at $5.62.

US soybean crush in December reached an all-time monthly high of 186.438 million bushels (5.073 million mt), up 3.9% on the month and 1.8% higher year on year, according to the National Oilseed Processors Association, or NOPA.

JAKARTA (Jan 18): Indonesia is considering "limited restrictions" on palm oil exports and is also hiking cooking oil subsidies as part of attempts to contain surging domestic cooking oil prices and control inflation pressures, senior officials said on Tuesday.

Malaysian palm oil futures rose more than 1% on Monday, as top producer Indonesia moved ahead with plans to test biofuel with higher palm content, while forecasts of weak output in the world’s second-largest producer also lent support.

Medan, N Sumatra (ANTARA) - Crude palm oil (CPO) price is expected to remain high till March 2022 due to strong demand in the global market, according to the Indonesian Palm Oil Producers Association (Gapki).

WHEAT RISES 27¢, HELPED BY RUSSIA’S THREAT TO UKRAINE, ANALYST SAYS. On Tuesday, the CME Group's wheat market helped the corn market close higher. At the close, the March corn futures finished 3 1/4¢ higher at $5.99. May futures finished 2 3/4¢ higher at $6.00. December futures closed 1/2¢ lower at $5.57.