Archived News

TOKYO, JAPAN — As the economy recovers from COVID-19 measures, demand for soybean oil in Japan is spiking with less people cooking at home, according to a report from the Foreign Agricultural Service of the US Department of Agriculture (USDA).

KUALA LUMPUR (April 7): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Thursday on concerns over rising production, said a dealer.

KUALA LUMPUR, April 7 (Reuters) - Malaysian palm oil futures fell for a second straight session on Thursday, as industry group Malaysian Palm Oil Association (MPOA) forecast a bigger-than-expected rise in March production.

KUALA LUMPUR (April 6): Malaysia's palm oil inventory likely grew by 2.8% month-on-month (m-o-m) to 1.56 million tonnes at end-March 2022 due to higher output, according to CGS-CIMB.

KUALA LUMPUR (April 6): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended mostly higher on Wednesday ahead of the Malaysian Palm Oil Board (MPOB) data due out next week.

Malaysian palm oil futures were little changed on Wedneday after trading in a tight range on either side of 5,890 ringgit, as traders assessed supply uncertainties amid fears of new sanctions on Russia, and prospects of rising exports and production.

KUALA LUMPUR: Malaysian palm oil futures jumped as much as 4.5% on Tuesday, their biggest percentage gain in nearly a month, as jitters over the fallout from the Russia-Ukraine crisis spurred concerns over the global supply of vegetable oils and other commodities.

In spite of the government fixing edible oil prices recently, the prices of loose soybean oil and palm oil have gone up at both retail and wholesale markets due to a supply crisis.

KLANG: About 300,000 copies of the book ‘Mari Kenali Sawit’ (Let’s Get To Know Oil Palm) will be distributed in selected government and private schools nationwide as part of the government’s effort to provide students with exposure to oil palm.

The U.S. exported 15,689 metric tons of biodiesel and biodiesel blends of B30 and greater in February, down from 26,383.6 metric tons in January and 17,149.8 metric tons in February 2021, according to data released by the USDA Foreign Agricultural Service on April 5.

KUALA LUMPUR: Employers want the foreign worker issue to be resolved quickly and called on the government to expedite the application and approval processes in hiring them.

(April 5): Oil palm growing nations will continue to supply the tropical oil to Europe as consumers in the region switch to alternatives due to the shortage of sunflower oil, according to the Council of Palm Oil Producing Countries.