Archived News

Ukraine’s government has proposed a package of measures to retailers and sunseed crushers in a bid to stabilise domestic retail prices for bottled sunflower oil until the arrival of new crop production in July, with the details set out in a draft memorandum seen by Agricensus.

India’s palm oil imports fell 27% to 3,94,495 tonnes in February from the year-ago period, mainly due to factors like sluggish demand and higher import of crude palm oil in the previous two months, industry body SEA said on Friday.

BENTONG (March 12): Malaysia will increase its palm oil exports to Saudi Arabia from 300,000 tonnes to 500,000 tonnes worth approximately RM1 billion.

THE Ministry of Plantation Industries and Commodities (MPIC) is looking at setting up a Malaysian Agricommodity Regional Office in Jeddah, Saudi Arabia, to capitalise on the market potential for the nation’s agricultural commodities in the Middle East and Africa.

KUALA LUMPUR (March 12): Malaysian Palm Oil Board (MPOB) director-general Dr Ahmad Parveez Ghulam Kadir said today the additional RM2 per tonne cess or tax imposed on manufacturers of crude palm oil (CPO) and crude palm kernel oil is in line with the current uptrend in CPO prices at above RM4,000 a tonne.

KUALA LUMPUR: An eight-session rally helped Malaysian palm oil futures record their best week in nearly 5-1/2 years, underpinned by tight inventories and strength in rival soyaoil. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange rose 66 ringgit, or 1.63%, to close at 4,125 ringgit ($1,002.19) a tonne on Friday, hitting a fresh 13-year high.

KUALA LUMPUR (March 12): The crude palm oil (CPO) futures contract ended higher on Bursa Malaysia Derivatives, supported by the stronger soybean oil performance on the US Chicago Board of Trade.

KUALA LUMPUR, March 15 (Reuters) - Malaysian palm oil futures hit a more than 13-year high on Monday, as the market rallied for a ninth straight session, lifted by a jump in crude and rival edible oils due to tightening global supplies.

Governor Ben Ayade of Cross River State has called on the Food and Agriculture Organisation (FAO) of the United Nations to come to the aid of the state in terms of financial support and provision of technical advisors for the state’s agricultural value chain.

Malaysia’s palm oil industry is expected to see a production recovery soon, amid a higher ouput cycle, according to Public Investment Bank Research (PIVB Research)

After enjoying the months-long rally that lifted crude palm oil (CPO) prices to a high that was last seen more than a decade ago, planters will need to brace themselves for a number of challenges ahead.

THE benchmark crude palm oil (CPO) futures contract on Bursa Derivatives was traded traded around the RM4,000-a-tonne level this week as labour shortages and bad weather in key plantation areas curbed production