Archived News

KATHMANDU – Until a few years ago, Nepal imported no palm oil. Today, imports of this edible vegetable oil are valued in the billions, reaching Rs32 billion in the third quarter of this fiscal year.

08/05/2022 (City Press) - Djeneba Belem’s fried bean cake stall in Abidjan in the Ivory Coast is a world away from the war raging in Ukraine. But her business is now at the mercy of an unexpected consequence – the runaway palm oil prices.

06/05/2022 (The Business Standard) - A ship carrying 1.31 crore litres of palm oil on Friday arrived in the Chattogram port from Indonesia.

06/05/2022 (Business Recorder) - Malaysian palm oil futures extended losses on Friday and looked set for their steepest weekly fall in seven, weighed down by surveys anticipating a rise in end-April inventories.

05/05/2022 (The Star Online) - It’s funny how we sometimes take the simple things in life for granted. Cooking oil is certainly one of them, though our appreciation for vegetable oil could soon reach new heights.

09/05/2022 (The Business Times) - THE crude palm oil (CPO) market continued to buoy higher owing to poor fundamentals, but is currently facing technical resistance that is preventing it from advancing further in the near term.

07/05/2022 (New Straits Times), Jakarta - The Indonesian Navy has seized a tanker that was carrying palm oil out of the country in violation of an export ban, a spokesman said Saturday.

09/05/2022 (New Straits Times) - LETTERS: War in Europe, out-of-control inflation, food rationing, cooking oil shortages and empty shelves. We in Europe are living through a crisis that hasn't been seen since World War 2.

07/05/2022 (The Star Online), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade range-bound at between RM6,100 and RM6,700 a tonne with a downside bias ahead of a key crop report set for release next week.

06/05/2022 (The Edge Markets) - Malaysia's palm oil inventories at the end of April likely rose for the first time in six months as production and imports climbed, a Reuters survey showed on Friday (May 6).

06/05/2022 (The Edge Markets) - The Ministry of Plantation Industries and Commodities (MPIC) will take advantage of the shortage of global edible oil amid the political tension in Europe to promote Malaysian palm oil, paving the way for the commodity to regain its market share, especially in the European Union (EU).

06/05/2022 (The Malay Mail) - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued its downtrend, ending lower today amid expectations of an imminent cancellation of Indonesia’s palm oil export ban.