Archived News

The exports of vegetables products from the country witnessed decrease of 7.05 percent during eight months of financial year 2020-21 as compared to the corresponding period of last year.

THE release early this month of Greenpeace’s report Certified: Destruction, which was critical of the certification systems for forest and ecosystem risk commodities, has shifted the focus to the role of certification on the sustainability agenda.

Brazilian Biodiesel Auction (L79), which started on April 5, was suspended suddenly April 6 by the Brazilian National Agency of Petroleum, Natural Gas and Biofuel, ANP without any conclusion, which market sources suspect could be due to the record high price for the B100.

Current high crude palm oil (CPO) prices will not be able to sustain for long based on its historical trends, said Moody's Investor Services.

Palm oil advanced to the strongest level since March 25, buoyed by robust shipments from second-biggest grower Malaysia before the Ramadhan festival, and a rally in soybean oil futures

Malaysian palm oil futures ended more than 1% higher on Tuesday to mark its highest close in over a week, as stronger rival soyaoil and signs of lower April production underpinned prices.

The Economic Coordination Committee (ECC) of the Cabinet has reportedly delayed its decision on a proposal of Ministry of Industries and Production proposal pertaining to exemption in customs duty and additional customs duty to importers of palm oil and palm olein, well-informed sources told Business Recorder

Sri Lanka’s ban on palm oil imports from Malaysia is not expected to affect the country’s key commodity industry as Malaysia’s market is growing in several countries such as Africa and the Middle East.

Despite some anticipating a crude palm oil (CPO) price correction after recording a new monthly high last month, the tight supply of palm oil is likely to keep the commodity price elevated

Malaysian palm oil futures inched up on Tuesday for a second consecutive day, lifted by higher rival soyoil and crude, while signs of low inventory and improving exports further boosted sentiment.

Sri Lanka’s ban on palm oil imports from Malaysia announced yesterday is not expected to affect the country’s key commodity industry as Malaysia’s market is growing in several countries such as Africa and the Middle East.

The price of fresh fruit bunches obtained from oil palm trees aged 10 - 20 years in Riau province fell by Rp120.20/kg to Rp2,240.92/kg in April 7-13, 2021 from Rp2,361.15/kg a week earlier.