Archived News
03-11-2021
India's stock limits on edible oils may not slow palm oil imports: trade sources
India's recent limits on edible oil stocks are not expected to slow palm oil imports in the near term, but harsher restrictions could backfire on the domestic supply chain at a time when the country is facing soaring food inflation and markets are in the middle of a festive season, trade sources told S&P Global Platts.
03-11-2021
Food manufacturers must demand palm oil with lower levels of potential carcinogens 3-MCPDE, glycidyl esters — MPOB
KUALA LUMPUR (Nov 2): The Malaysian Palm Oil Board (MPOB) said on Tuesday (Nov 2) food manufacturers must demand palm oil containing lower levels of potential carcinogens 3-monochloropropane-1,2-diol esters (3-MCPDE) and glycidyl esters (GE) from suppliers, so that their food products can be accepted by consumers.
03-11-2021
Edible oil prices may fall as domestic arrival of seeds expected to pick up
The country, which is heavily dependent on imports, had suffered because of a drop in production in Argentina and Brazil as well as reduction in palm oil production in Malaysia and Indonesia.
03-11-2021
Palm oil may retest 5,048 ringgit, pullback over
SINGAPORE: Palm oil may retest a resistance at 5,048 ringgit per tonne, a break above could lead to a gain to 5,187 ringgit.
03-11-2021
VEGOILS-Palm up after China urges citizens to stock up on food
KUALA LUMPUR, Nov 2 (Reuters) - Malaysian palm oil futures rose slightly on Tuesday as China called on its citizens to stock up on food ahead of winter, overturning a slump earlier in the session over expectations of higher end stocks and rumours of poorer exports.
03-11-2021
VEGOILS-Palm drops on weaker rival oils, crude prices
KUALA LUMPUR, Nov 3 (Reuters) - Malaysian palm oil futures fell on Wednesday, tracking weakness in rival edible oils as well as crude prices.
02-11-2021
Palm slides as market caution offsets support from rival oils
Malaysian palm oil futures fell on Monday as investors turned cautious ahead of data on early November output and offset support from stronger rival oils.
02-11-2021
Palm rises marginally on rival oil strength
KUALA LUMPUR: Malaysian palm oil futures rose slightly on Monday, extending their rally after two straight months of gains, as strength in rival oils lent buoyancy to the tropical commodity.
02-11-2021
Palm oil neutral in 4,909-5,048 ringgit range, triangle unreliable
SINGAPORE: Palm oil looks neutral in a range of 4,909-5,048 ringgit per tonne, and an escape could suggest a direction.
02-11-2021
Why Nigeria’s palm oil is globally sought-after – Merchant
Palm oil merchants in Cross River State have said Nigeria’s palm oil is the most sought-after in the global market, a reason why it is not available in parts of the country.
02-11-2021
India's edible oil producers' body urges members to cut prices to help consumers
NEW DELHI, Nov 1 (Reuters) - The head of India's edible oil producers' association called on producers on Monday to voluntarily cut wholesale prices to help consumers reeling from a sharp increase in global prices.
02-11-2021
Wholesale prices of edible oils to be reduced by Rs 5 per kg: SEA
The average retail price of soya oil saw a marginal reduction to Rs 153 per kg from Rs 155.65 per kg in the said period