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MARKET DEVELOPMENT
20-04-2022

Egypt's exports to Malaysia hit $126.7M, joint projects in palm oil production to be established

CAIRO - 18 April 2022: Egyptâ€™s exports to Malaysia hiked 35 percent during 2021, amounting to about $126.7 million, compared to about $94 million in 2020, according to the Minister of trade and Industry Nevine Gamea.

MARKET DEVELOPMENT
20-04-2022

US soybean crush hit a record high for March: NOPA

The US soybean crush in March reached a record for the month at 181.76 million bushels (4.95 million mt), a National Oilseed Processors Association report said April 18.

MARKET DEVELOPMENT
20-04-2022

Indonesia Jan-Feb biodiesel output at 1.4 mln KL â€“ association

JAKARTA, April 18 (Reuters) - Indonesia's production of palm-based biodiesel in January and February stood at 1.4 million kilolitres, Paulus Tjakrawan, vice chairman of the Indonesian Biofuel Producers Association (APROBI) said on Monday.

MARKET DEVELOPMENT
18-04-2022

Ferrero overlooks Sime Darby Plantation's sustainable palm oil production

KUALA LUMPUR (April 17): While the knee-jerk reaction on the part of multinational corporations like Ferrero to stop buying palm oil products from Sime Darby Plantation Bhd (SDP) is regrettable, they seem to have overlooked the fact that SDP is the largest producer of Roundtable on Sustainable Palm Oil (RSPO)-certified sustainable palm oil globally.

MARKET DEVELOPMENT
18-04-2022

Soppoa: Sâ€™wak palm oil industry needs other source countries for workers

KUCHING (April 16): Sarawak Oil Palm Plantation Owners Association (Soppoa) is urging the government to allow the hiring of workers from other countries aside from Indonesia.

MARKET DEVELOPMENT
18-04-2022

CPO futures record best weekly gains of the year due to supply worries

KUALA LUMPUR (April 15): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives improved further on Friday to close the week with the best weekly gains of the year amid worries over the tight supply outlook for the global vegetable oils market.

MARKET DEVELOPMENT
18-04-2022

Palm set for second straight weekly jump on global supply fears

[KUALA LUMPUR] Malaysian palm oil futures extended gains on Friday (Apr 15), setting them on course for a second consecutive weekly jump, as concerns over tightening global edible oil supplies lingered in the wake of Russia's invasion of Ukraine.

MARKET DEVELOPMENT
18-04-2022

CPO futures market due for profit taking

KUALA LUMPUR â€¢ The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to witness profit-taking activities next week after its recent strong performance.

MARKET DEVELOPMENT
18-04-2022

Edible oil prices: Even record imports fail to arrest hike

Despite record imports of soybean oil in the first quarter, consumers are having to pay an additional Tk 36-38 for every litre of non-bottled soybean oil over the price set by the government.

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