Archived News
19-02-2021
Pakistan’s Food Import Bill Increases By Whopping 52pc
he food import bill in the first seven months of 2020-2019 stood at $4.64 billion with an increase of 51.9 per cent over the previous year following increased in the trade deficit more than expected.
19-02-2021
Edible oil production increases 1.39pc in first half of FY 2020-21
ISLAMABAD (Dunya News) – Domestic production of cooking oil during first half of current financial year increased by 1.39 percent as compared the production of corresponding period of last year.
18-02-2021
Disruptive technology to drive innovation in palm oil industry — Minister
KUALA LUMPUR (Feb 17): The application of disruptive technologies will be the driver of innovations in all sectors including the palm oil industry, Minister of Plantation Industries and Commodities Datuk Dr Mohd Khairuddin Aman Razali said.
18-02-2021
Palm oil may retest resistance at 3,589 ringgit
SINGAPORE: Palm oil May contract may retest a resistance at 3,589 ringgit per tonne, a break above which could lead to a gain into a range of 3,624-3,662 ringgit.
18-02-2021
VEGOILS-Palm gains nearly 3% on costlier U.S. soyoil, weaker ringgit
SINGAPORE, Feb 17 - Malaysian palm oil futures climbed nearly 3% on Wednesday, extending gains into a third session, as rival Chicago Board of Trade (CBOT) soyoil rose and the ringgit weakened.
18-02-2021
Govt fixes edible oil price to tame volatility
The government yesterday fixed edible oil prices to tame the volatility in the domestic market and curb price manipulation by a section of unscrupulous traders.
18-02-2021
Blockchain in agriculture helps reduce cost of transaction, enables fair trade, says Agrichain Technologies
KUALA LUMPUR, Feb 17 — The application of blockchain technology in agriculture can help reduce the cost of transaction for farmers and enables fair trade, Agrichain Technologies Pvt Ltd said.
18-02-2021
Soya bean oil price set at Tk 135 a litre
The government on Wednesday set the retail price of soya bean oil at Tk 135 a litre, the same price at which the essential commodity is retailing on the local market after the recent surge in its price.
18-02-2021
Edible oil to cost more
Staff Reporter : The government has increased the maximum retail prices for soyabean and palm oil with immediate effect to control the soaring trend of prices in the domestic market.
18-02-2021
US soybean crush post record Jan volume on robust demand, South American woes
The US soybean crush hit an all-time high January volumes and second-highest monthly level ever on robust domestic demand, coupled with tight supplies from South America, market sources told S&P Global Platts Feb. 17.
18-02-2021
Funds retain strong CBOT corn, soy optimism on slimming supplies –Braun
Despite some volatile trading days, speculators have not largely altered their unusually bullish views in Chicago corn over the last month, though they had turned a little friendlier toward beans in the latest week.
18-02-2021
Malaysia keeps March crude palm oil export tax at 8%
KUALA LUMPUR, Feb 18 - Malaysia has kept its March export tax for crude palm oil at 8%, a circular on the Malaysian Palm Oil Board website showed on Thursday.