Archived News

21/02/2024 (The Edge Malaysia), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended mixed on Wednesday amid market concerns over output in the near term, a dealer said.

21/02/2024 (New Straits Times) - There are signs that the Federal Land Development Authority (Felda) is now treading a new growth path.

22/02/2024 (Daily Times, Pakistan) - Edible oil including soyabean and palm imports into the country during the first 07 months of the current financial year decreased by 49.85 per cent and 34.14 per cent respectively as compared to the imports of the corresponding period of last year.

20/02/2024 (The Borneo Post), Kuala Lumpur - BMI Country Risk & Industry Research (BMI), a product of Fitch Solutions Group Ltd, has made an upward revision to its forecast for the average price of Bursa Malaysia-listed third-month palm oil futures contracts in 2024 to RM3,750 per tonne from RM3,515 per tonne previously.

20/02/2024 (The Hindu Business Line), A day after the Samyukt Kisan Morcha (SKM) announced its decision, the joint committee of the SKM (non-political) and the Kisan Mazdoor Sangharsh Committee of Punjab, who are leading the current farmer stir, too have rejected the Centre’s proposal of a five-year guaranteed procurement of five crops at MSPs and decided to continue their march to Delhi.

20/02/2024 (BSS) Dhaka - The government has decided to reduce soybean oil prices by Tk10 per litre ahead of the holy month of Ramadan.

20/02/2024 (XM), Jakarta - Malaysian palm oil futures slid on Tuesday as weak export data pressured the contract, however strength inrival vegetable oils and expectation of lower production cappedlosses.

20/02/2024 (Nasdaq), Beans and meal futures are off their daily highs, but still trading in the black at midday. Soy oil futures are down by 31 to 33 points at midday pushing the downside. Front month beans are up by as much as 9 cents, led by the new crop contracts. Midday Soymeal prices are still $2.70 to $3.10 in the black, though ~$4 off the day’s high.

19/02/2024 (XM), Jakarta -Malaysian palm oil futures climbed on Monday after two consecutive sessions of losses, supported by a recovery in rival vegetable oils and weaker Malaysian ringgit.

19/02/2024 (APP), Dera Ghazi Khan - A food safety team of Punjab Food Authority (PFA) seized 500 liters of substandard edible oil in an operation at Multan road here on Monday.

20/02/2024 (Biodiesel Magazine) - More than 1.89 billion renewable identification numbers (RINs) were generated under the Renewable Fuel Standard in January, up from 1.76 billion generated during the same month of 2023, according to a data released by the U.S. EPA on Feb. 15.

19/02/2024 (The Statesman) - Vedanta Lanjigarh, India’s premier producer of metallurgical grade alumina and a part of Vedanta Aluminium, is exploring applications of biodiesel across plant operations as a part of its strategy to decarbonize its operations.