Archived News
12-05-2020
SEA demands ban on refined palm oil, monitoring of illegal shipments
Edible oil trade body SEA on Monday asked the government to ban import of refined palm oil, fix tariff value on sunflower oil and monitor illegal shipments from Nepal, Bangladesh and Sri Lanka to protect local processing industry.
12-05-2020
Oil palm industry – Not understood and utilised to potential
Sri Lanka is now compelled to ban imports, restrict imports or increase import taxes to manage its valuable foreign exchange reserves
12-05-2020
Weak oil price amid Covid-19 pandemic an invitation for Malaysia to reinvent its economy, say experts
The combination of a global pandemic and depressed oil prices could be the opportunity for Malaysia to reinvent and diversify its economy, said experts.
12-05-2020
Oil down in Asia after big gains last week
Oil prices were down in Asian trade today after big gains last week on signs of a demand revival as some governments ease coronavirus lockdown measures.
08-05-2020
Fitch takes negative rating actions on six palm-oil producers in Malaysia and Indonesia
KUALA LUMPUR: Fitch Ratings has taken negative rating actions across its coverage of palm-oil producers in Malaysia and Indonesia.
08-05-2020
Palm oil rises on lower Indonesian inventories; set to post weekly loss
KUALA LUMPUR (May 8): Malaysian palm oil futures climbed 2% on Friday, as traders said Indonesian inventories of the vegetable oil dipped in March, although the contract was set for a sharp weekly loss.
08-05-2020
Time ripe for edible oil mission: Industry
Trade body says government should focus on boosting oilseeds output for self-sufficiency.
08-05-2020
Palm oil futures down on waning demand
PALM oil price has been the lowest in 10 months, dropping 34.19% since the beginning of the year to RM2,038 per tonne on Wednesday.
08-05-2020
India Edible Oil: Up; Soybean, refined soyoil rise on value buying
NEW DELHI – Futures contracts of all components of the domestic edible oil basket rose today on domestic exchanges.
08-05-2020
Rapeseed and soy production expands in the EU-27
More land in the EU-27 has been planted with oilseeds for the 2020 crop than the previous year due to the expansion in rapeseed and soy areas.
06-05-2020
India could soon return to Malaysia for palm oil
KUALA LUMPUR (May 5): India is seen as having very little choice and could soon turn to Malaysia and start importing back, especially if the COVID-19 pandemic situation in Indonesia gets worse and the country goes into full lockdown as most of the countries are doing at the very moment.
06-05-2020
WHO must retract misleading info on palm oil
The recent dietary advisory published by the WHO Eastern Mediterranean Regional Office (WHO EMRO) advising people not to consume palm oil during the Covid-19 pandemic stating it contains saturated fats is a terribly misleading advisory which will jeopardise WHO's authoritative standing on health and nutrition in the global community.