Archived News

The South Dakota Soybean Research and Promotion Council is excited about the results of a study that shows the significant health benefits of using B100 or 100-percent biodiesel. Council Chair Tim Ostrem says the Trinity Study showed a 45-percent reduction in cancer risk when used in trucks and an 86-percent reduced risk when used for home heating oil, plus fewer premature deaths and reduced asthma attacks.

The maximum retail price of bottled cooking oil has been raised by Tk 2 to Tk 141 per litre.

On Monday, the CME Group's farm markets closed mostly in the red. At the close, the July corn futures settled 6 1/4¢ higher at $6.79 1/2. New crop September futures finished 1/2¢ lower at $5.91. December corn futures settled 3/4¢ lower at $5.63.

New Delhi, May 3 (PTI) Soybean prices on Monday went up by Rs 62 to Rs 7,169 per quintal in the futures market as traders created fresh positions tracking positive spot demand.

Consultancy Strategie Grains expects new-crop rapeseed prices to exceed those of 2020/21, which have rallied to record highs in recent months on tightening global supply and high crushing margins.

The European Palm Oil Alliance (EPOA) in a statement has expressed its grave disappointment caused by the intention of the Sri Lankan Government to ban palm oil.

Malaysian palm oil futures rose 5% on Monday and were on track for their best session in more than 11 months, buoyed by stronger April exports and a rally in rival soyoil amid worries about global edible oils supply.

Sri Lanka’s edible oil market has received considerable attention in recent weeks due to a series of events: the banning of palm oil importation in a bid to promote the coconut industry, detection of aflatoxins in imported coconut oil, importation of coconut kernel chips, issuing license for palm oil imports, and banning of oil palm cultivation.

China-Pakistan Free Trade Agreement Phase-II (CPFTA-II) effective since Jan.1, last year is now showing results. Pakistan’s exports to China shot up by 64 per cent during January-March 2021, Commercial Consular, Pakistan Embassy, Beijing, Badar Uz Zaman said.

This is a sensible approach and devoid of acrimony, it is a clear indication that the Biden administration will endeavor to compete with China instead of treading the dangerous path of conflict, which his predecessor had opted for.

Prices of all types of soybean oil, including bottled and open, have gone up another notch in the capital within just a week since the last hike

The Ministry of Plantation Industries and Commodities (MPIC) will introduce an application to facilitate oil palm transactions, and further prevent any fraudulent activities, which includes weighing the fruit.