Archived News

Even though the prices of Malaysian crude palm oil shot up sharply, the price of the Indian product did not follow the same trend in 2021 due to the government's intervention.

JAKARTA, Dec 25 (Reuters): Indonesia is considering subsidising cooking oil for its domestic market using revenue from a palm oil export levy, as authorities seek to keep inflation in check amid a rise in commodity prices, its trade minister has announced.

The policymakers should take note of the large differential between wholesale and retail prices of essential food products

Limited prompt rapeseed supply and rising demand for rapeseed oil (RSO) from the EU biodiesel sector will continue to support higher European prices in the first half of next year.

NIZAMABAD: In line with the Centre's National Food Security Mission for Oilseeds and Oil Palm (NFSM-OOP), which aims to increase oil palm cultivation across the country, the horticulture and agriculture departments of Telangana have set the ball rolling by initiating measures to achieve the desired goals. These departments have chalked out plans to encourage farmers and to ensure the oil palm cultivation is taken up in 67,000 acres in Kamareddy district in the next six years.

India’s refined palm oil imports are set to jump in the first quarter of 2022 after New Delhi slashed import taxes on it, making the refined product cheaper for Indian buyers than raw material crude palm oil (CPO).

KUALA LUMPUR (Dec 23): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Thursday amid lingering concerns over weaker output in the coming weeks, a dealer said.

JAKARTA: Malaysian palm oil futures posted a third consecutive day of gains on Thursday over expectations of lower December output, as torrential rains that began last week caused floods in eight states in Malaysia.

Jakarta (ANTARA) - The utilization of 30 percent biodiesel (B30) in 2021 helped Indonesia save US$4.54 billion in foreign exchange or equivalent to Rp64.6 trillion, the Energy and Mineral Resources Ministry has informed.

CGB Enterprises and Minnesota Soybean Processors have formed a joint venture to build a soybean processing plant near Casselton, North Dakota, the latest in wave of new soybean crushing capacity projects announced to meet growing feedstock demand for renewable fuels projects.

The US soybeans supply in marketing year 2022-23 (September-August) is set to soar amid higher acreage transfer from fertilizer-intensive corn crop.

Vegetable oils have led the way for the oilseed complex for months but have recently weakened.