Latest News

OILS & FATS
24-05-2024

Malaysian palm oil ends lower as weaker exports weigh

22/05/2024 (UkrAgroConsult) - Malaysian palm oil futures declined on Tuesday, weighed down by a drop in exports of oil products in May. The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange closed down 58 ringgit or 1.48%, at 3,863 ringgit ($822.26) a metric ton.

OILS & FATS
24-05-2024

New drop-off point for cooking oil

23/05/2024 (The Star) - Since 2017, residents of SS14 in Subang Jaya, Selangor, have had a way to properly dispose of their used cooking oil. Instead of clogging drains with the oil, they can discard it into a collection drum at a nearby park, and get rewarded for it.

MARKET DEVELOPMENT
24-05-2024

ICE Review : Canola Rises Alongside European Rapeseed, Malaysia Palm Oil

23/05/2024 (Market Screener), Winnipeg - The ICE Futures canola market was higher on Thursday despite mixed comparable oils.

MARKET DEVELOPMENT
24-05-2024

Coconut Oil Prices Brace for Downturn as Europe's Market Dynamics Shift

23/05/2024 (Chemanalyst) - Similar to that of other edible oil prices, the European market witnessed a lower price for Coconut Oil, coupled with weak demand and intensified competition from distinct vegetable oils. This fall is likely to be supported by various factors including the Increased supply from key producers, decreased demand in key sectors, and currency fluctuations.

MARKET DEVELOPMENT
24-05-2024

Walkers crisps switches to trucks powered by used cooking oil for UK deliveries

24/05/2024 (The Manufacturer) - PepsiCo has announced it has continued to expand its use of hydrotreated vegetable oil (HVO) – used cooking oil – across its supply chain, in a move estimated to save the company an additional 13,000 tonnes in greenhouse gas (GHG) emissions by the end of 2024.

OILS & FATS
23-05-2024

Domestic production of vegetable oils likely to increase by 10-15%: Bhavna Shah, Deputy CEO, NK Proteins Pvt Ltd

22/05/2024 (Passionate in Marketing) - Bhavna Shah, Deputy CEO, NK Proteins Pvt Ltd made a presentation on Indian Vegetable Oils Scenario at a prestigious event organised by UOB Kay Hian in Malaysia on May 20, 2024. In her presentation, she highlighted key facts about the Indian Vegetable Oil Industry. Please find below the key highlights from her presentation.

OILS & FATS
23-05-2024

Govt to procure 11m litres soybean oil, 30,000 tons fertilizer

21/05/2024 (Dhaka Tribune) - The government on Tuesday approved separate proposals for procuring some 11 million litres of soybean oil and 30,000 tons of fertilizer to meet the growing demand of the country.

OILS & FATS
23-05-2024

Freedom Healthy Cooking Oils launches new campaign ‘Are You Buying Right?’

22/05/2024 (Indian Television), Mumbai - Freedom Healthy Cooking Oil introduces its new campaign ‘Are You Buying Right?’ as an extension of the campaign ‘Dhyaan-Se-Lijiye’ to spread the awareness among consumers, to check the quantity of edible oil in the one litre pouch being purchased. As per the ministry of consumer affairs, the government of India, every one litre pouch of Sunflower Oil must contain 910 grams of oil, however some brands sell one litre look alike pack with lesser quantity (850-870 grams) of edible oil in the pack.

MARKET DEVELOPMENT
23-05-2024

Palm Kernel Oil Prices Set to Remain Low, Factors and Forecasts

22/05/2024 (Chemanalyst) - Throughout the middle of the second quarter of 2024, Palm Kernel Oil prices from exporting nations are likely to continue to trade at notably low levels, with the potential for further declines due to reduced export volumes. The market earlier in April has been influenced by several converging factors, primarily an increase in Palm Kernel Oil (PKO) production and weakening global demand.

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