Archived News

KUALA LUMPUR/NEW DELHI (Jan 23): Palm oil retreated on Thursday, as growing concern about Malaysia’s shipments to India and a drop in petroleum prices amid China’s coronavirus outbreak reduced the tropical oil’s appeal as a biofuel.

KUALA LUMPUR: Malaysia’s top sugar refiner said it will increase purchases of the commodity from India, which according to two sources is part of efforts to placate New Delhi amid an ongoing spat over palm oil.

MUMBAI, India (Reuters) — Indian palm oil importers have effectively stopped all purchases from top supplier Malaysia after the government privately urged them to boycott its product following a diplomatic spat, industry and government sources said.

NEW DELHI – Futures contracts of all components of the edible oil basket fell on domestic exchanges today.

PARIS/SYDNEY, Jan 23 (Reuters) - Chicago wheat futures edged higher on Thursday to hold near an 18-month high, underpinned by strong overseas demand, rising export prices and potential supply snags.

JAKARTA, Jan 24 (Reuters) - Malaysian palm oil futures extended declines into a second consecutive session on Friday, tracking overnight losses in soybean oil on the Chicago Board of Trade and as a stronger ringgit made the vegetable oil more expensive.

PETALING JAYA: Primary Industries Minister Teresa Kok has enlisted support and commitment from Berjaya Corp Bhd (BCorp), via the group’s chairman Tan Sri Vincent Tan, as part of the ongoing Love My Palm Oil campaign.

Malaysia is unlikely to suffer any loss in its palm oil business from China, despite Beijing pledging to boost soybean purchases from the U.S. amid the trade war, according to the Southeast Asian nation’s trade chief.

French NGOs and multinational oil and gas company Total continue their arm-wrestling over the tax status of palm oil used in crop-based biofuels. EURACTIV France reports.

The Energy Ministry is preparing to adopt food traceability technology by June to prove that crude palm oil is locally produced and prevent smuggling from neighbouring countries, aiming to deal with the huge annual surplus.

Ferrero, Kaufland, L’Oréal, and Aldi are among the top performers globally when it comes to introducing sustainable, deforestation-free palm oil in their supply chains, according to the World Wildlife Fund (WWF) Palm Oil Buyers Scorecard.

KUALA LUMPUR: A brewing diplomatic spat between India and Malaysia has got an unusual victim in the crossfire – palm oil.