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AI boom is turning Malaysia’s palm oil estates into data centres
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
CPO Futures Snap Two-Day Gains To Close Lower
Cooking Oil and ghee prices record decrease of up to Rs75 per liter
19/05/2024 (MM News) - According to the association, consumers can now purchase Brand A and Brand B cooking oil and ghee at significantly lower prices. Brand A cooking oil is now priced at Rs 525 per liter, marking a reduction of Rs 75, while Brand A ghee is priced at Rs 525 per kg after a reduction of Rs 25.
India's oilmeal exports drop 6% in April
19/05/2024 (The Economic Times) - India's overall oilmeal exports during April 2024 were 6 per cent lower on a yearly basis at 4.65 lakh tonnes. During the same month last year, the total exports were 4.93 lakh tonnes, industry data showed
Palm oil ends lower with export data in focus
16/05/2024 (Reuters), Jakarta - Malaysian palm oil futures shed earlier gains and closed lower onThursday, as traders braced for Malaysia's export data due later this week.
Malaysia keeps June crude palm oil exports duty at 8 pct
17/05/2024 (Malaysia Sun), Kuala Lumpur - Malaysia, the world's second-largest palm oil producer, has on Thursday kept its June crude palm oil (CPO) exports duty at 8 percent.
Stearic Acid Prices Drop in May Amid Lower Palm Oil Costs and Weak EV Demand
16/05/2024 (Chem Analyst) - In the first half of May 2024, the prices of Stearic Acid (Rubber Grade) in the European market fell by approximately 1.2%. This decline was primarily driven by decreasing feedstock Palm Oil prices and reduced demand from the downstream electric vehicle (EV) segment of the automotive industry.
Indian Edible Oil Imports: April Surge Amidst Overall Decline Sets New Trends
16/05/2024 (Investing.com) - Despite an 11.65% decline in the first half of the 2023-24 oil year, April witnessed a remarkable 27.67% surge in Indian edible oil imports, driven by favorable price trends. Palm oil imports decreased, while soyabean and sunflower oil imports fluctuated, with major suppliers including Indonesia, Malaysia, and Russia.
Brazilian soybean oil export values firm further
16/05/2024 (Hellenic Shipping News) - Soybean oil export values in the Brazilian market have strengthened to nearly two-year highs amid a combination of supportive factors, from improving destination demand to concerns over crop losses from floods in the southern state of Rio Grande do Sul.
India imported 285,829 tonnes of palm oil from Malaysia in April
15/05/2024 (New Straits Times), New Delhi - India imported 285,829 tonnes of palm oil from Malaysia in April, accounting for 21.6 per cent of the country's total vegetable oil imports for the month.
Olive Oil, ‘King of Foods’ for Tourists and Locals in Crete
15/05/2024 (Greek Reporter) - “Olive oil is one of the most important reasons why Crete is known in the rest of the world. Based on this, we can understand that olive oil on our island was and will be the king of foods!” exclaims oil producer Eftychis Androulakis in a perfect example of Cretan passion for a product that is central to the island’s tourism, cuisine, economy, and history.
