Archived News

Cambodia exported 19,916 tonnes of crude palm oil in the first five months of 2021, an increase of 5,246 tonnes or 35.76 per cent compared to the same period last year, according to data from the Ministry of Agriculture, Forestry and Fisheries.

CBOT wheat may retest a support at $6.39-1/2 per bushel, a break below which could cause a fall into $6.27-3/4 to $6.34-1/4 range.

India's palm oil imports from Thailand in May have increased by almost ten times from a month before as Thai-origin palm oil has become more price-competitive than Indonesian and Malaysian supplies, although by a slim margin.

MALAYSIA has called on the European Union (EU) and its state members to review the trade bloc’s environmental policy which involves phasing out palm-based biofuels and look into the effects of the restriction more objectively.

KUALA LUMPUR, May 26 — Malaysia fully supports the Council of Palm Oil Producing Countries’ (CPOPC) move to submit an objection to Belgium which is planning to ban the use of palm oil as biofuel next year.

Edible oil prices in India have surged to the highest level in over a decade this month, resulting in distress among millions of Indian households. There rise in retail price of edible oils — mustard, vanaspati, soya, palm, sunflower and groundnut — is a blow to millions of poorer households in the country that have been financially hit during the second Covid-19 wave.

Consumers are about to feel the heat as edible oil importers have proposed to increase the price of soybean oil by Tk13 per litre.

The US Department of Agriculture (USDA) expects increases in rapeseed harvests for the most important rapeseed-producing countries this year.

KOTA KINABALU (May 27): Growing up during the late 1980s, this writer used to visit his grandfather’s small oil palm estate in Batu Pahat, Johor, where his favourite activities were catching ikan puyu or the climbing perch fish and trapping burung wak-wak or white-breasted waterhen.

The price of cooking oil has shot up over the past 17 months, causing sunflower oil, a staple in South Africa, to become one of the most expensive oils – thanks to a shortage globally caused by poor harvests of oil producing crops such as sunflower, palm, soya, and canola last year.

SINGAPORE, May 27 - Malaysian palm oil futures fell more than 1% on Thursday as it tracked cheaper rival oils on the Chicago Board of Trade (CBOT) and the Dalian Commodity Exchange.

Malaysian palm oil futures fell for a fourth consecutive session on Monday, as they tracked losses in rival oils on the Chicago Board of Trade (CBOT) and the Dalian Commodity Exchange