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Imports of edible oil including soyabean and palm into the country during first half of current financial year grew by 18.36 percent and 31.98 percent respectively as compared to the imports of corresponding period of last year.

Malaysian palm oil futures rebounded to gain 1% on Tuesday after two consecutive sessions of losses, tracking strength in rival oils in China and the United States, although a drop in exports capped further gains.

Ghana’s palm oil production will increase by an average of 4.4% year-on-year from 2021 to 2025, with the growth rate increasing at the end of that period.

Palm oil is heading for its lowest close in almost three months as traders assess mounting concern about the strength of demand against a voluntary lockdown in Malaysia’s top producing state.

As the top two biggest producers, Indonesia and Malaysia, which contribute 87 per cent of the global palm oil supply, thus creating a duopoly market, strive to meet the growing global demand, but obstacles in the form of insufficient supply, volatility in crude palm oil (CPO) price and labour shortage still remain for Malaysia.

The minister stated this during the weekly meeting of the National Price Monitoring Committee (NPMC) met to review the price trend of essential commodities especially wheat, sugar and edible oil during the week.

The country's exports to FTA partners fell 3.9 percent on-year to $383.1 billion and imports declined 1.3 percent to $323 billion, according to the data compiled by the Korea Customs Service.

The government had to approve the hike in tariff given that this is a critical condition of the International Monetary Fund (IMF) without which a staff level agreement on the second mandatory review would not be possible – an agreement that would in turn allow for the disbursement of the second tranche of the 6 billion dollar Extended Fund Facility programme.

Labour shortage is more detrimental to both estates and smallholders in Malaysia’s oil palm industry than a global price drop, according to a Khazanah Research Institute (KRI) study.

Malaysia is in the process of instituting legal action at the global trade watchdog, the World Trade Organization (WTO), against the EU and member states France and Lithuania, in particular, for restricting palm oil-based biofuel production

Indonesian agricultural exports grew 15.8% in 2020 compared to the year earlier, the country's agriculture minister told parliament on Monday.

Palm oil may break a resistance at 3,300 ringgit per tonne and rise to a range of 3,348-3,381 ringgit, as the fall from the Jan. 6 high of 3,888 ringgit has completed.