Archived News
12-08-2021
Malaysia end-July palm oil stocks fall 7.3% to 1.5 mln T – MPOB
KUALA LUMPUR, Aug 11 (Reuters) - Malaysia’s end-July palm oil end-stocks fell 7.3% from June to 1.5 million tonnes, data from industry regulator the Malaysian Palm Oil Board (MPOB) showed on Wednesday.
12-08-2021
Malaysia end-July palm oil stocks slump to 4-month low as output shrinks
KUALA LUMPUR — Malaysia’s palm oil stockpiles hit a four-month low at July end, falling below expectations, as production and imports shrank, according to
11-08-2021
The pressing issue of CPO and worker shortage
There is a concern about the profitability and sustainability of the plantation sector beyond next year, given the severe shortage of foreign workers due to the closure of the national borders
11-08-2021
Indonesia urged to ban new palm oil plantations to meet climate goals
Indonesia should make permanent its temporary ban on new permits for palm oil plantations to advance progress on tackling deforestation and meet its climate goals, environmentalists say.
11-08-2021
CPO futures ease in anticipation of weaker exports
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives swung between positive and negative territory yesterday but ended lower on mounting concerns over weaker exports amid recently high prices which deter short-term demand
11-08-2021
India's retail inflation likely cooled to 5.78% in July - Reuters poll
India's retail inflation likely slowed to a three-month low in July, bringing it back within the central bank's target range, on falling food prices and an easing of supply chain disruptions, a Reuters poll found.
11-08-2021
Becoming ‘Atmanirbhar’ in edible oils
The Prime Minister has been for a while emphasising that the forex savings from reduced edible oil imports can be spent on encouraging farmers to take up palm and oilseeds cultivation in a big way.
11-08-2021
Malaysia’s July palm oil end stocks seen slightly higher on month: Platts survey
Malaysian palm oil end stocks in July could rise slightly on the month, with production and exports expected to retreat by around 5%, an S&P Global Platts survey showed
11-08-2021
Nigeria: Palm Oil Price Increases By 20 Percent in Kwara - Survey
A market survey conducted by our reporter showed that the price of palm oil has increased by about 20 per cent compared to last week
11-08-2021
Tarin directs official to work out modalities: Warehouses for commodities, agri malls on the cards
Finance Minister Shaukat Tarin has directed Secretary Ministry of National Food Security and Research to work out modalities for establishing commodity warehouses, storage facilities and agri-malls on the basis of Public-Private Partnership (PPP) and present to the committee.
11-08-2021
Palm oil futures lower on demand worries
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives swung between positive and negative territory today but ended lower on mounting concerns over weaker exports amid recently high prices which deter short-term demand.
11-08-2021
Traders selling palm cooking oil above maximum price will face action from today
He said a few traders were still selling above the price set by the government with the excuse that they were not aware of the price control and they would immediately revert to the price recommended by the government.