Archived News
16-03-2020
Global oil demand drops
Global demand for oil was revised downward several times since the start of the year due to the devastating impact of the coronavirus.
16-03-2020
Canada’s approval sets USMCA closer to implementation
Canada’s House of Commons and Senate voted in favor of implementing the U.S.-Mexico-Canada Agreement, one of the final hurdles before it becomes law.
13-03-2020
Malaysia wants to resolve palm oil spat with India within a month, minister says
Malaysia aims to resolve its palm oil spat with India within a month, the southeast Asian nation's new minister of plantation industries and commodities said on Wednesday.
13-03-2020
CPO futures nearly three-month low on COVID-19 pandemic declaration
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives fell below RM2,300 per tonne at Thursday's close after the World Health Organisation (WHO) declared the COVID-19 a global pandemic.
13-03-2020
Soya oil dips on weak cues
Barring groundnut oil, the majority of oils and oil seeds traded low on weak global cues, physical demand and coronavirus scare, with soya refined being quoted at ₹785 for 10 kg, while soya solvent ruled at ₹735-40.
13-03-2020
Canola values resilient in face of drop in oil and markets
The COVID-19 virus worldwide and the rail blockades at home have depressed grain futures prices but canola prices have fared better than most other parts of the vegetable oil complex and crude oil values.
13-03-2020
Oil palm cultivation to be taken up in 2.78 lakh ha
The State government has announced its resolve to promote oil palm cultivation in different parts of the State.
13-03-2020
Malaysia seeks markets in Middle East & North Africa
Malaysia is targeting North Africa and Middle East as the new export markets for its palm oil.
12-03-2020
Group forecasts price of coco oil to remain down
THE coronavirus disease (Covid-19) has prevented the recovery of the prices of coconut oil in the world market, the coconut industry players in the Davao Region said.
12-03-2020
CPO price to remain under pressure as Covid-19 outbreak weakens demand
Crude palm oil (CPO) prices will likely remain under pressure as the several factors, including the Coronavirus Disease 2019 (Covid-19) outbreak, are expected to continue limiting demand in the coming months.
12-03-2020
Restocking, improved India ties seen to curb palm oil price fall
The Malaysian Palm Oil Board’s February data showed an increase in crude palm oil (CPO) production to 1.29 million tonnes (+10% month-on-month [m-o-m]; -16.6% year-on-year [y-o-y]) after four consecutive months of decline. This increase was in line with market expectations.
12-03-2020
Malaysia aims to resolve palm oil spat with India within a month
Malaysia has set itself a target of a month within which to resolve its trade dispute with India over palm oil, the southeast Asian nation's new commodities minister said on Wednesday.