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Malaysia raises palm oil export duty for April
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Middle East conflict boosts demand for alternative fuels
Palm falls on weak rival oils, crude oil prices, April demand concerns
Ukraine sunseed area seen falling due to war
25/03/2022 (Grain News) - The area sown to sunflower in Ukraine is likely to fall to 4.81 million hectares (11.89 million acres) in 2022 from 6.66 million hectares in 2021 due to hostilities in many regions, the agriculture ministry said on Friday.
VEGOILS-Palm posts weekly gain of 7% amid tight supplies
25/03/2022 (Nasdaq) - Malaysian palm oil futures rebounded on Friday from a selloff in the previous session, amid tight near-term supplies that helped the contract post a weekly gain of about 7%.
Malaysia to continue pushing for biodiesel despite rising palm oil prices
In Malaysia, Antara news agency reports the Ministry of Energy and Mineral Resources estimates biodiesel’s contribution to the national economy reached $4 billion in 2021, so it will continue to support the blending mandate despite rising palm oil prices.
Oil palm sector works on strategies to ensure DAKN 2030 a success
The country's oil palm industry is set to accelerate growth with the recent launch of the National Agricommodity Policy 2021-2030 (DAKN 2030).
Zuraida: Malaysia remains committed to implementing nationwide adoption of B20 palm biodiesel
KUALA LUMPUR (March 24): Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin said that Malaysia remains committed to implementing nationwide adoption of the B20 palm oil biofuel programme despite current high crude palm oil prices.
CPO futures snap gains to end lower on profit taking
KUALA LUMPUR (March 24): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Thursday after profit-taking activities trimmed earlier gains, a dealer said.
India's purchases of Russian sunflower oil pick up in March amid Ukraine's absence
Indian vegetable oil buyers are set to receive about 30,000-40,000 mt of Russian-origin sunflower oil in March with shipments from largest supplier Ukraine still stuck at ports due to the war, traders told S&P Global Commodity Insights March 23.
GRAINS-Soybeans ease after rally as demand, Ukraine war weighed
PARIS/SINGAPORE, March 24 (Reuters) - Chicago soybean futures eased on Thursday after a three-day rally fuelled by exports, as investors awaited developments in Russia's month-old invasion of Ukraine.
Sunflower oil price up $400-450 owing to Ukraine war; dependence on imports to remain: Ruchi Soya
Edible oil prices have surged 70 percent year-on-year and about 20-30 percent month-on-month since the start of the Ukraine war. This is because India imports 60 percent of its edible oil requirement which is about 13 million tonne. Russia and Ukraine together account for 60 percent of sunflower oil production and exports and hence supply shortage has spurred the prices further.
