Archived News

Bandung, W Java (ANTARA) - Trade Minister Muhammad Lutfi has called on industries to work closely with the government in stabilizing the price of cooking oil by providing buffer stock.

ISLAMABAD: Pakistan’s oil and eatable import bill recorded a sharp increase in the first four months (July-October) of 2021-22 from a year ago owing to rising prices on the international market and massive depreciation of the rupee.

Grains finished mixed to end the trading session on Monday. Corn futures closed lower on the day as Dec. Corn futures ended 3/4¢ lower at $5.76 1/2. March futures pushed 1¢ lower finishing at $5.84. May corn futures ended the day 1/4¢ lower at $5.88 1/2.

HAMBURG, Nov 15 (Reuters) - Chicago wheat rose on Monday, still trading close to its highest in almost nine years on tightening global supplies and robust import demand.

KUALA LUMPUR: Malaysian palm oil futures reversed early gains on Monday, tracking losses in rival soyoil, but hopes of higher exports during Nov. 1-15 period limited losses.

U.S. soybean futures rose about 2% on Friday, led by soaring soymeal futures tied to technical buying, brisk demand for the high-protein feed ingredient and logistical hurdles, traders said.

India is a nation that has about 1.39 billion mouths to feed, and hence logically is a nation that requires a lot of edible cooking oil like palm oil. It is the oil that is mostly used by developing countries as cooking oil.

KUCHING: The Gabungan Parti Sarawak (GPS) state government is committed to increasing the income of rural folks through modern agricultural activities

Jakarta (ANTARA) - The government has prepared a roadmap for developing the downstream palm oil industry to transform it into world's largest producer to weather volatility in crude palm oil prices, Coordinating Economic Affairs Minister Airlangga Hartarto stated.

KUCHING (Nov 14): The federal and state governments have been urged to enhance co-ordination in expediting the application process for the recruitment of foreign labour so as to address worker shortage in Sarawak.

Malaysian palm oil futures rebounded on Friday to clock a weekly rise, as investors weighed worries of slowing November production against weaker demand.

The bullish prospects for vegetable oil prices will show no sign of abating in 2022, Vivek Pathak, managing director of Athena Tradewinds, an India-based trading house predominantly dealing in sunflower oil, told S&P Global Platts in an interview.