Latest News

MARKET DEVELOPMENT
05-03-2024

India likely to buy more soyoil in 2024, reduce palm oil purchases, top dealer says at KL conference

04/03/2024 (The Edge Malaysia), Kuala Lumpur - India, the world's biggest vegetable oil importer, is expected to buy larger volumes of soyoil in 2024, while purchases of palm oil are likely to decline, a top dealer said on Monday.

MARKET DEVELOPMENT
05-03-2024

Palm oil dips tracking weak rival edible oils, stronger ringgit

04/03/2024 (XM), Singapore - Malaysian palm oil futures dropped on Monday, tracking weakness in rival edible oils and a stronger ringgit.

MARKET DEVELOPMENT
05-03-2024

Planting new ideas

04/03/2024 (The Star Online) - THE oil palm sector has been receiving more attention from the authorities lately, particularly during the last two election cycles. This augurs well for smallholders who will benefit from policy changes to upgrade the sector.

MARKET DEVELOPMENT
05-03-2024

Indian vegetable oil import expected to decline to 16.2 mt in 2023-24

04/03/2024 (The Hindu Business Line) - Indian Vegetable Oil Producers’ Association (IVPA) expects vegetable oil import to be at 16.2 million tonnes (mt) during the 2023-24 (October-September) edible oil season against 17.06 mt in 2022-23.

MARKET DEVELOPMENT
04-03-2024

CPO futures likely to trade lower on profit-taking next week

02/03/2024 (The Star Online), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade lower next week on profit-taking as market players await the outcome of the international palm oil conference.

MARKET DEVELOPMENT
04-03-2024

Pakistan's Olive Revolution: Boosting Edible Oil Production, Cutting Imports

03/03/2024 (03/03/2024 (BNN Breaking) - Pakistan is undergoing a transformative phase in agriculture, with a significant increase in olive cultivation, particularly in the Pothohar region, Balochistan, Khyber-Pakhtunkhwa, and other areas, aiming to enhance domestic edible oil production and reduce import reliance. The country's climate change ministry is spearheading an ambitious plan to plant over one million olive plants, tapping into the fertile lands of Pothohar, termed as 'olive valley,' where over 1.2 million olive plants are already flourishing, engaging around 1,300 farmers.) - Pakistan is undergoing a transformative phase in agriculture, with a significant increase in olive cultivation, particularly in the Pothohar region, Balochistan, Khyber-Pakhtunkhwa, and other areas, aiming to enhance domestic edible oil production and reduce import reliance. The country's climate change ministry is spearheading an ambitious plan to plant over one million olive plants, tapping into the fertile lands of Pothohar, termed as 'olive valley,' where over 1.2 million olive plants are already flourishing, engaging around 1,300 farmers.

MARKET DEVELOPMENT
04-03-2024

Edible oil, onion, date prices will fall soon: Titu

02/03/2024 (Business Post Bangladesh) - State Minister for Commerce Ahasanul Islam Titu has said that the retail price of edible oil will be Tk 163 per litre in the retail market soon.

MARKET DEVELOPMENT
04-03-2024

Revolutionizing Palm Oil: Empowering Smallholders and Expanding Beyond Crude Production

02/03/2024 (BNN Breaking) - In a bold move to reshape the palm oil industry, efforts are underway to significantly increase the productivity of smallholder farms and diversify the products derived from crude palm oil (CPO). This initiative aims not only to enhance the income of millions of smallholders but also to ensure the sustainability of the palm oil sector.

MARKET DEVELOPMENT
04-03-2024

The world's business and finance sectors can do much more to reverse deforestation—here's the data to prove it

03/03/2024 (Phys Org) - Big corporations could drive a worldwide shift towards more sustainable supply chains that limit damage caused by deforestation. But progress is being slowed down by weak or non-existent commitments to ensure that supply chains for commodities such as soy, palm oil, and beef have not contributed to tropical deforestation, according to an analysis recently published by the environmental organization Global Canopy.

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