Latest News

WORLD
17-02-2025

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

OILS & FATS
17-02-2025

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

MARKET DEVELOPMENT
17-02-2025

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.

MARKET DEVELOPMENT
17-02-2025

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?

MARKET DEVELOPMENT
17-02-2025

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

WORLD
17-02-2025

'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.

OILS & FATS
17-02-2025

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

OILS & FATS
17-02-2025

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.

OILS & FATS
14-02-2025

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.

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