|
AI boom is turning Malaysia’s palm oil estates into data centres
CPO prices to stay elevated on firm demand and tight supply
CPO price dip seen as temporary, stocks to rise in November: CIMB Securities
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
No supply shortage of edible oil
The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association has reassured consumers and traders that there is no supply shortage of bottled edible oil in the local market
Govt likely to reduce VAT on edible oil
The government is likely to reduce value-added tax (VAT) on imports, processing and trading of soybean and palm oil to contain the prices of the essential, the commerce ministry said in a statement
Malaysian palm oil rises on lower production
Malaysian palm oil futures ended higher on Friday and logged a fourth straight weekly gain, as lower stocks supported the market despite demand concerns and uncertainties surrounding Indonesia’s biodiesel mandate.
Oily confusion between palm oil and prayer oil
In today’s marketplace, some Malaysian consumers may still be confused by two seemingly similar oils: red palm oil (RPO) and prayer oil (‘minyak sembahyang). While they may share a comparable appearance, these products could not be more different in their fundamental nature and purpose. Ever accidentally turn your stir-fry into a spiritual offering?
Untapped potential in palm oil industry
During the past few weeks or months, prices of coconuts have been rising in the domestic market. This is largely due to supply shortage in the domestic market owing to a number of factors
'Increase local oilseed cultivation'
The local edible oil industry has called for fostering the cultivation of oilseed crops such as canola, sunflower, mustard, soybean, and others, alongside adopting innovative practices. These measures are aimed at reducing dependency on imports of around 3 million metric tonnes (MMTs) of edible oil, saving valuable foreign exchange, and meeting local per capita consumption of 4.50 MMTs, industry experts said.
No shortage of cooking oil in Ramadan: Refiners’ association
The Bangladesh Vegetable Oil Refiners and Banaspati Manufacturers Association (BVORBMA) has assured the public that there will be no shortage of cooking oil during Ramadan
Govt to crack down on fraud in used cooking oil export
Malaysia will crack down on fraud in the used cooking oil industry, its deputy commodities minister told Reuters, as western governments investigate whether shipments of the biofuels feedstock from Asia actually contain virgin oil.
Palm slides on weaker Dalian oils, crude oil
13/02/2025 (Reuters), Kuala Lumpur - Malaysian palm oil futures slumped on Thursday, snapping a five-session rally, as weaker Dalian oils and declines in crude oil prices sparked by talks to end the Ukraine-Russia war weighed on the market.
