Archived News

KUALA LUMPUR (March 17): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives retreated from Wednesday’s gains to end lower on Thursday, driven by renewed concern on the global commodities market.

PETALING JAYA: Crude palm oil (CPO) prices will likely remain elevated for a while, possibly into the end of the first half of 2022, if not longer, according to Hong Leong Investment Bank (HLIB) Research.

The domestic supply of soybeans is guaranteed despite the complex environment in the international market, Chinese experts said, after feed and soybean prices continued their recent surges that have taken them to multi-year highs amid the Russia-Ukraine situation.

BUENOS AIRES, March 17 (Reuters) - Argentina's 2021/22 soybean, corn and sunflower harvest forecasts could be cut further, the Buenos Aires grains exchange said on Thursday, citing lower-than-expected yields due to adverse weather conditions that have hit crops this year.

Jakarta (ANTARA) - Trade Minister Muhammad Lutfi announced on Thursday that the government will subsidize bulk cooking oil at a price of Rp14,000 per liter.

PETALING JAYA: High average selling prices (ASP) of crude oil palm (CPO) have resulted in margin expansion for Sarawak Oil Palms Bhdhttps://cdn.thestar.com.my/Themes/img/chart.png’s downstream businesss.

KUALA LUMPUR: The US Customs and Border Protection (CBP) has accused Sime Darby Plantations Bhd of forced labour just because the company employed parolees, says Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin(pic).

PALM oil snapped a four-day losing streak as Brent crude oil steadied and traders assessed signs of stronger export demand.

KUALA LUMPUR: Crude palm oil (CPO) price will remain elevated for a while possibly into end of June, if not longer, according to Hong Leong Investment Bank Bhd (HLIB).

THERE are two events that are going to add to shareholders' stock selection interest. Firstly, it is the runaway crude palm oil (CPO) prices. Secondly, it is the imminent reopening of Malaysia's borders on April 1.

KUALA LUMPUR, March 16 (Reuters) - Malaysian palm oil futures climbed on Wednesday to end a four-session losing streak, as upbeat exports in the first half of March and a recovery in broader markets supported prices.

New Delhi: At a time when the prices of edible oils are on the rise, the consumers would have to cough up more to procure cooking oils for their daily needs as the government has made it clear that there is no plan to offer any subsidy on the essential item. In a written reply to a question asked by Trinamool Congress MP Sajda Ahmed, Union Minister of State for Consumer Affairs Sadhvi Niranjan Jyoti told Lok Sabha that the government has no proposal to offer subsidy on edible oils. It means consumers would have to buy edible oils at exorbitant prices. However, the minister maintained that the government monitors the retail and wholesale prices of 22 essential food commodities, including edible oils submitted by the 179 price monitoring centres that have been set up with Central assistance by state governments and UT Administrations across the country.