Latest News

OILS & FATS
13-02-2025

Palm Oil Imports Hit 13-Year Low As Soybean Oil Surges

12/02/2025 (News 18) - India’s palm oil imports plunged 65 per cent year-on-year to 2,75,241 tonne in January 2025, the lowest in 13 years, as buyers shifted to cheaper soybean oil, industry body Solvent Extractors Association of India (SEA) said on Wednesday. Total vegetable oil imports dropped 13 per cent to 10.49 lakh tonne in January from 12 lakh tonne a year earlier.

OILS & FATS
12-02-2025

Malaysia palm oil output sinks most in nine years as rain hits crops

12/02/2025 (Bloomberg), Kuala Lumpur - Palm oil output in Malaysia fell the most since 2016 as heavy rain and floods disrupted harvesting in the world’s second-biggest grower.

OILS & FATS
12-02-2025

Palm oil exports slip 12.94% to 1.17 mil tonnes in January — MPOB

10/02/2025 (Bernama), Kuala Lumpur - Malaysia’s palm oil exports in January 2025 slipped 12.94% to 1.17 million tonnes from 1.34 million tonnes in December 2024, according to the Malaysian Palm Oil Board (MPOB).

OILS & FATS
12-02-2025

Malaysian palm oil futures up more than 2pct on expectation of improving demand

10/02/2025 (Reuters), Kuala Lumpur - Malaysian palm oil futures rose for the fourth straight session on Monday, after data from the industry regulator showed a decline in the country's stocks and expectations of improving demand added to market's bullish sentiment.

OILS & FATS
12-02-2025

Down day for soybeans, corn, wheat

11/02/2025 (Brownfield) - Soybeans were lower on profit taking and technical selling. The USDA left 2024/25 U.S. ending stocks unchanged, while the production guess for Argentina was down and there was no change for Brazil. The USDA did lower its outlook for Paraguay’s crop but left exports steady. Imports by China held at 109 million tons. AgRural says 15% of Brazil’s soybean crop has been harvested, compared to 23% a year ago. CONAB’s updated numbers for Brazil are out Thursday, while the USDA’s next round of supply, demand, and production projections is out March 11th. Soybean meal was lower and bean oil was higher on the adjustment of product spreads, with no adjustments to the domestic balance sheets. Globally, the changes for soybean meal were modest, the USDA did raise the export guess for Brazil, while leaving Argentina unchanged. World soybean oil stocks were unchanged and production was slightly higher on an increase for Brazil.

OILS & FATS
12-02-2025

Spain’s olive oil prices fall over 50%: Good news for shoppers, bad for farmers

11/02/2025 (Euro Weekly News), - Spain, the world’s largest producer of olive oil, has seen a significant drop in prices, with costs falling by 55 per cent in the past year, according to The Spanish Ministry of Agriculture.

OILS & FATS
10-02-2025

Palm oil sets third weekly gain on Ramadan demand, production declines

07/02/2025 (Reuters), Kuala Lumpur - Malaysian palm oil futures closed higher on Friday, logging a third straight week of gains, supported by a weaker ringgit, anticipated Ramadan demand and seasonal production declines.

OILS & FATS
10-02-2025

CPO Futures Rise Above RM4,500 A Tonne On Supply Concerns, Pre-Ramadan Demand

07/02/2025 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Friday, with the April 2025 benchmark contract surpassing RM4,500 per tonne, driven by concerns over weak output and anticipated demand ahead of Ramadan.

OILS & FATS
10-02-2025

State oil and gas firm PT Pertamina advances Indonesia's clean energy goals with biodiesel for fleet

08/02/2025 (The Star), Jakarta, Xinhua - Indonesia's state oil and gas firm, PT Pertamina, has supported and implemented the government's clean energy programme by adopting B40 biodiesel fuel for its ships, an official has announced.

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