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LETTERS: We are all well aware that our nation is on the road to recovery following the devastating impact of the Covid-19 pandemic, which not only claimed many lives, but also battered the economy.

Fitch Ratings expects higher output over the next year to drive a gradual decline in crude palm oil (CPO) prices, which rose to a record of over USD1,900 per tonne (t) in Malaysia in early March 2022.

KUALA LUMPUR (March 29): Oil palm planters can address rising operation costs, potentially between 10% and 15%, by improving their fresh fruit bunch (FFB) yields to reduce their production cost per tonne, CGS-CIMB Securities Sdn Bhd said.

PETALING JAYA: The Ministry of Plantation Industries and Commodities (MPIC) is prepared to assist the United Kingdom and Europe over their impending edible seed oil supply crisis.

FITCH Ratings Inc expects a gradual decline in crude palm oil (CPO) prices on higher output, and assumes an average benchmark price of US$1,000 (RM4,220) per tonne in 2022, US$700 per tonne in 2023 and US$600 per tonne thereafter.

MUMBAI (March 29): India has contracted 45,000 tonnes of Russian sunflower oil at a record high price for shipments in April, as edible oil prices in the local market surged after supplies from rival Ukraine stopped, five industry officials told Reuters.

JAKARTA (Bloomberg): The party backing President Joko Widodo is urging Indonesians to start boiling, steaming and roasting food instead of frying them as the price of edible oil surges.

KUALA LUMPUR: Malaysian palm oil futures eased on Tuesday, tracking a slump in crude and rival soyoil, while expectations of higher production amid slowing exports further pulled down trader sentiment.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Monday (March 28), tracking the weaker Chicago Board of Trade soybean oil prices, said a dealer.

The sudden shortage of sunflower oil supply has forced food producers to reverse their ban on palm oil and return to this vegetable oil as their frying fat and food ingredients

Malaysian palm oil futures slipped on Monday, hurt by a slump in crude prices after China announced a nine-day lockdown in Shanghai to carry out COVID-19 testing, while weaker March exports also weighed on sentiment.

The party backing President Joko Widodo is urging Indonesians to start boiling, steaming and roasting food instead of frying them as the price of edible oil surges.