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Palm oil under pressure and its adjustment
Palm oil prices seen range-bound in February amid supply curbs, biodiesel policy clarity
Malaysian palm oil futures closed higher for the second day in a row on Tuesday
Challenges emerge for plantations this year
Palm rises mirroring rival soyoil, crude oil
Malaysian palm oil futures recovered on Wednesday after losses in the previous session, supported by gains in rival soyoil in Dalian and Chicago markets and higher crude prices.
Exclusive: Indian refiners cancel palm oil orders for July-Sept as prices surge
Indian refiners cancelled orders for 65,000 metric tons of crude palm oil (CPO) scheduled for delivery from July to September following a sudden surge in benchmark Malaysian prices, four trade sources told Reuters
Palm oil rises in price following crude oil and biodiesel
Palm oil jumped above 4,000 ringgit (the main currency for palm oil trading), tracking a rise in soybean oil prices, which have surged on Washington’s proposal to allow refineries to produce and blend record amounts of biofuel into gasoline and diesel next year.
Wilmar Group hands over $927 million in Indonesia palm oil graft case
Agribusiness giant Wilmar Group said on June 17 it had handed over 11.8 trillion rupiah (S$927 million) to Indonesia’s Attorney-General’s Office as a “security deposit” in relation to a case in court about alleged misconduct in obtaining palm oil export permits.
Malaysia’s palm oil stocks hit eight-month high in May as output jumps
Palm oil stocks in Malaysia jumped to their highest level in eight months in May as a surge in production and imports countered exports, which rose to their highest in six months, according to Malaysian Palm Oil Board (MPOB) data
Oil prices extend rise as Iran-Israel conflict enters sixth day
Oil prices ticked up in early trading on Wednesday after ending the previous session up more than 4% on worries that the Iran-Israel conflict could disrupt supplies.
Import ban on palm oil cripples Sri Lanka’s edible oil sector, escalates economic woes
The impact goes beyond cooking oil shortages—key industries like food, tourism, and manufacturing are also feeling the pressure, making it harder for the country to recover from its recent economic crisis.
Wilmar Group hands over $725 million in Indonesia palm oil graft case
Food company Wilmar Group (WLIL.SI), opens new tab said on Tuesday it had handed over 11.8 trillion rupiah ($725 million) to Indonesia's Attorney General's Office as a "security deposit" in relation to a case in court about alleged misconduct in obtaining palm oil export permits
Palm ends lower on rival Chicago soyoil, profit taking
Malaysian palm oil futures fell on Tuesday, snapping three straight sessions of gains, dragged down by a decline in rival soyoil in the Chicago market as well as profit-taking actions.
