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Cargill, Minneapolis, is building a $200 million palm oil refinery in Lampung, Indonesia, to accelerate its efforts in developing a sustainable palm supply chain and providing verified deforestation-free products

When the mammoth tanker Ever Given blocked the Suez Canal in March, about 360 ships were jammed on the north and south approaches, while some other vessels were rerouted around the tip of Africa.

Only cooking oil sold in polybag packets is capped at a ceiling price by the government, not bottled cooking oil, the domestic trade and consumer affairs ministry said today.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is forecast to trade with a downside bias ahead of a slew of market-moving data to be released this week.

JAKARTA (June 3): Ongoing negotiations between the European Union and Indonesia on a trade and investment deal should not be hampered by differences over palm oil, the EU's top diplomat said, even as the bloc aims to phase out use of palm oil in fuel.

KUALA LUMPUR (June 3): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued its rally on Thursday fuelled by concerns over dry US weather that resulted in an uptrend in the global agricultural markets.

MUMBAI: India is considering reducing import taxes on edible oils after cooking oil prices hit record highs last month, two government and two industry officials told Reuters, to reduce food costs in the world’s biggest vegetable oil importer.

SINGAPORE: Palm oil may break a resistance at 4,132 ringgit per tonne and rise towards 4,282 ringgit.

PLANTATION counters are an investment thematic investors should consider in a high inflation cycle, as the sector is expected to fare better due to its ability to support economic growth and have more pricing power.

JAKARTA, June 3 (Reuters) - Indonesia’s domestic consumption of biodiesel in the January to April period stood at 2.669 million kilolitres, data from the country’s biodiesel producers association showed on Thursday.

CHICAGO, June 3 (Reuters) - Chicago corn futures eased on Thursday after gaining overnight, recouping some of the previous session's losses, with concerns over dry U.S. weather and strong demand underpinning prices.

SINGAPORE, June 4 - U.S. agribusiness giant Cargill Inc said it is building a $200 million palm oil refinery in the Indonesian province of Lampung, which the company expects to be completed late next year.