Archived News

Sri Lanka has come under a global purview in the wake of the country’s ban on importing and producing palm oil as a number of countries raised concerns over these actions by the government in a move to curb the use of the edible oil.

Thirteen companies engaged in the production of vanaspathi using palm oil for the Indian market are on the verge of collapsing, several leading members of the Vanaspathi Exporters Association told the Business Times.

Malaysian palm oil futures fell for a second straight session on Friday, logging in a total loss of 4.8%, tracking cheaper rival oils and on worries of lower demand from India due to a surge in COVID-19 infections in the world’s top vegetable oil importer.

Sarawak Oil Palms Bhd (SOPB) remains cautious on the outlook for 2021 amid the uncertainty of the global edible oil supply-demand dynamic and geographical politics headwinds

Malaysian palm oil futures fell for a second straight session on Friday, logging in a total loss of 4.8%, tracking cheaper rival oils and on worries of lower demand from India due to a surge in COVID-19 infections in the world's top vegetable oil importer.

Exports of Malaysian palm oil products for April rose 9.7% to 1,400,724 tonnes from 1,277,255 tonnes

The Ministry of Plantation Industries and Commodities (KPPK) has taken enforcement action against 56 Malaysian Palm Oil Board (MPOB) licensees for manipulation of oil palm weighing scales under the MPOB (Licensing) Regulations 2005.

Indonesia’s crude palm oil production and exports surged in March on-year, while end-stocks remained low, signalling prospects of higher prices in the near future, an official at the country’s palm oil association GAPKI said on Wednesday.

New Delhi — Agribusiness major Wilmar International said April 29 it expects the sustained strong pricing environment in palm oil to boost its palm oil plantation business in the coming months, but that there is likely to be an impact on its manufacturing margins.

KARACHI: Stakeholders from around the world on Thursday suggested forming an ‘Asian Palm Oil Alliance’ to protect producers and consumers from an ongoing global smear campaign against this edible oil.

BUENOS AIRES — Argentina's stalled soy harvest is set for a boost from a period of expected dry weather, meteorologists and grains analysts said, after recent heavy rains in key farming areas had slowed down farmers gathering in their crops.

HAMBURG- A Tunisian state agency has issued an international tender to purchase up to 27,000 tonnes of vegetable oils, European traders said on Thursday.