Archived News

On Tuesday, the CME Group’s soybean and wheat markets close double-digits lower.

HYDERABAD: The Union Minister for Agriculture and Farmers’ Welfare Narendra Singh Tomar on Tuesday expressed confidence in making India ‘Atmanirbhar’ (self-reliant) in edible oil production by bringing 28 lakh hectares of land in the country under oil palm cultivation, out of which nine lakh hectares have been marked for north-eastern States.

KUALA LUMPUR, Dec 28 (Reuters) - Malaysian palm oil futures gained on Tuesday to their highest in two weeks, buoyed by strength in rival Chicago and Dalian oils as well as supply shortages.

KUALA LUMPUR: Malaysian palm oil futures gained on Tuesday, rising for a fifth session in six, tracking strength in rival Chicago and Dalian oils.

Palm oil retreated as some investors seek to lock in year-end gains, although concerns remain that floods in Malaysia will curb supplies.

Jakarta (ANTARA) - The Job Creation Law can help resolve disputes involving palm oil businesses and communities, including indigenous people, that are often constrained by overlapping regulations, an official at the Ministry of Law and Human Rights has said.

MERCURY Securities Sdn Bhd has cut Sarawak Oil Palm Bhd’s (SOP) financial year 2022 (FY22) earnings per share (EPS) forecast to 40 sen from 52 sen previously on expectations of lower fresh fruit bunches (FFB) production due to the labour shortage in the industry.

SINGAPORE: Palm oil may break a resistance at 4,676 ringgit per tonne, and rise into 4,751-4,812 ringgit range.

Record-high crude palm oil (CPO) prices are likely to cut Malaysian biodiesel output and exports by 16pc and 23.5pc respectively in 2021, the US Department of Agriculture (USDA) said.

HAMBURG, Dec 27 (Reuters) - Rapeseed rose to all-time highs on Monday, supported by tight stocks, strong demand and a rally in soybeans, while European wheat futures were little changed with many market participants absent after Christmas. GRA/

JAKARTA: Top palm oil exporter Indonesia set the January crude palm oil reference price at $1,307.76 per tonne, down from $1,365.99 per tonne in December, Musdhalifah Machmud, a deputy minister at the Coordinating Ministry of Economic told Reuters on Monday.

KUALA LUMPUR: Italian confectionery producer, Ferrero Group, will publish a yearly Progress Report in 2022 to share its journey, including the challenges faced in achieving the commitments outlined in its Palm Oil Charter and related action plan.