Archived News
14-09-2021
Edible oil import duty relief not fully passed on to consumers
14-09-2021
US soybean crop seen improving after recent favorable weather in Midwest
The outlook for the US soybean crop is improving after recent rains in the Midwest raised prospects for the yield and production.
14-09-2021
High palm oil prices to deter South Asian buyers in 2020-21: USDA
High palm oil prices will dampen demand from South Asian buyers — India, Pakistan, and Bangladesh — in 2020-21 marketing year and lead to higher ending stocks of the tropical oil, the US Department of Agriculture’s monthly oilseeds report showed on Sept. 10.
14-09-2021
Palm oil climbs over 1% as India cuts import taxes
KUALA LUMPUR: Malaysian palm oil futures extended early gains on Monday, as lower import taxes in India, the world's biggest vegetable oil buyer, raised demand hopes amid traders concerns of tight edible oil supply worldwide for the rest of the year.
09-09-2021
India's edible oil imports seen at lowest in six years
India's imports of edible oil could fall to their lowest in six years, contracting for a second straight year because of the coronavirus outbreak and demand squeezed by record prices, a senior industry official said on Wednesday.
09-09-2021
Palm oil climbs 2pc
Malaysian palm oil futures rose for a fifth consecutive session on Wednesday, hitting a three-week high on concerns over tight supply and hopes of improving export demand
09-09-2021
MPOB expects price of CPO to be stable
The price of crude palm oil (CPO) is expected to be stable at above RM4,000 per tonne for the third quarter of 2021 before weakening in the fourth quarter due to the expected recovery in production.
09-09-2021
Upbeat outlook for palm oil
The post-pandemic outlook for the palm oil industry in Malaysia remains bright, backed by the balanced supply and demand as well as expected recovery from labour shortages next year.
09-09-2021
‘Several studies have shown that palm oil poses no risk to health’
India imports 60 per cent of the edible oil it consumes and runs up an import bill of ₹80,000 crore. Of that, palm oil alone accounts for 55 per cent. In the quest for self-sufficiency, the government last week introduced the National Mission for Edible Oil and Oil Palm (MNEO-OP), which seeks to give a big push to domestic palm oil cultivation.
09-09-2021
Pertamina develops palm oil-based jet fuel to curb carbon emissions
State oil and gas company PT Pertamina is developing palm-oil based aircraft fuel to create a mix to lower carbon emissions in the air transportation sector.
09-09-2021
Palm oil falls on higher output estimates ahead of official data
Malaysian palm oil futures fell on Wednesday, weighed by expectations of a rise in August supply ahead of official data and poor import margins in key destination markets
08-09-2021
Palm Oil Climbs for Fourth Day With Production, Exports in Focus
Palm oil advanced for a fourth day as Malaysian production dropped and exports soared.