Archived News

KUALA LUMPUR (April 17): While the knee-jerk reaction on the part of multinational corporations like Ferrero to stop buying palm oil products from Sime Darby Plantation Bhd (SDP) is regrettable, they seem to have overlooked the fact that SDP is the largest producer of Roundtable on Sustainable Palm Oil (RSPO)-certified sustainable palm oil globally.

KUCHING (April 16): Sarawak Oil Palm Plantation Owners Association (Soppoa) is urging the government to allow the hiring of workers from other countries aside from Indonesia.

KUALA LUMPUR (April 15): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives improved further on Friday to close the week with the best weekly gains of the year amid worries over the tight supply outlook for the global vegetable oils market.

[KUALA LUMPUR] Malaysian palm oil futures extended gains on Friday (Apr 15), setting them on course for a second consecutive weekly jump, as concerns over tightening global edible oil supplies lingered in the wake of Russia's invasion of Ukraine.

KUALA LUMPUR • The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to witness profit-taking activities next week after its recent strong performance.

Despite record imports of soybean oil in the first quarter, consumers are having to pay an additional Tk 36-38 for every litre of non-bottled soybean oil over the price set by the government.

MALAYSIA has offered to help ease a crisis in cooking oil supplies for the UK by selling it controversial palm oil. The war in Ukraine has led to a shortage of sunflower and vegetable oil for cooking, hitting food producers, restaurants and retailers across Britain and Europe.

Malaysian palm oil futures rose on Thursday to their highest level in a month, as a trucker strike in Argentina threatened to hammer supplies in a global edible oil market that is already squeezed by the Russian-Ukraine conflict.

KUALA LUMPUR (April 14): Collaboration between the Malaysian Palm Oil Board (MPOB), Malaysian Palm Oil Council (MPOC) and the Malaysian Palm Oil Certification Council (MPOCC) will allow these organisations to streamline their missions and create greater synergy rather than for them to work in silos.

According to BV Mehta, executive director, SEA, “India had imported around 127,000 tonnes of sunflower oil from Ukraine, 73,500 tonnes from Russia and 11,900 tonnes from Argentina. These consignments had left for India before the conflict began between the two countries and no shipment from Ukraine took place in April.”

PARIS, April 14 (Reuters) - French oilseed group Avril said on Thursday it plans to build additional sunflower seed crushing capacity to cut its reliance on imports, as the war in Ukraine reduced shipments of sunflower oil and meal from the European Union's main suppliers.

Jakarta (ANTARA) - Industry Minister Agus Gumiwang Kartasasmita evaluated a data collection system for the distribution of subsidized bulk cooking oil called the Bulk Cooking Oil Information System (SIMIRAH).