|
CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
Positive growth for plantation sector, amid rising CPO prices
Global Stearic Acid Prices Climb Amid Palm Oil Shortages and Rising Production Costs
Olive oil scandal fires EU food safety doubts
06/12/2023 (China Daily) - The safety of Europe's food was called into question this week when police in Italy and Spain seized contaminated cooking oil being sold as high-end products.
Imported cooking oil safe for consumption – Kebs
06/12/2023 (Nation, Africa) – The Kenya Bureau of Standards (Kebs) has clarified that edible oil imported by the Kenya National Trading Corporation (KNTC) is safe for consumption.
Palm oil reserves seen rising to four-year high
06/12/2023 (The Star Online), Petaling Jaya - Palm oil stockpiles in Malaysia likely expanded for a seventh straight month to the highest level since April 2019 as production in the world’s second-biggest grower outstripped its exports of the tropical oil.
VEGOILS-Palm oil falls for third straight day on weak rival oils
05/12/2023 (Nasdaq), Jakarta - Malaysian palm oil futures extended declines to a third straight session on Tuesday, weighed down by weakness in rival vegetable oils in the Dalian and Chicago futures markets.
2023 a year of headwinds for Malaysia's major commodities
05/12/2023 (The Star Online), Kuala Lumpur - Malaysia’s major commodities suffered a setback in 2023 despite a weaker ringgit as it was overshadowed by demand deficits due to global economic uncertainties arising from the ongoing geopolitical tensions.
Bid to smuggle out cooking oil, petrol foiled
05/12/2023 (Daily Express), Semporna - Marine Police Force (MPF) on Sunday foiled an attempt to smuggle out cooking oil and petrol near the Kampung Kuala Bibang coastal areas.
Kenya Kwanza’s Edible Oil Deal: The Making of a Scandal
05/12/2023 (Citizen Digital) - As the Kenya Kwanza administration took over the reins of administration in 2022, the elephant in the room was the high cost of living experienced by Kenyans in the run-up to the general election and that worsened afterwards.
Consumers may need to furnish ID when buying subsidised cooking oil
04/12/2023 (New Straits Times), Kuala Lumpur - The Domestic Trade and Cost of Living Ministry is planning to upgrade its cooking oil stabilisation scheme (eCOSS) system next year to cover all levels of the supply chain.
Sinar Mas Agribusiness and Food announces first RSPO certification for independent farmers
04/12/2023 (The Jakarta Post) - Sinar Mas Agribusiness and Food, a prominent global palm oil producer, announced that the first group of independent farmers under its Sawit Terampil program had successfully attained Roundtable on Sustainable Palm Oil (RSPO) certification.
