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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
Cooking oil prices cool down in Bangladesh after govt warning to rogue traders
11/03/2022 (BD News 24) - Cooking oil prices have declined by at least Tk 15 in Dhaka after the government threatened to crack down on any rogue trader found to be manipulating the daily commodity market.
VAT waiver on cooking oil eludes consumer
10/03/2022 (TBS News) – Despite the announcement of waiving value-added tax (VAT) on edible oil, refiners say the "misplaced measure" would not be able to rein in the spiralling prices.
Kitchens feel the heat of Ukraine war as cooking oil prices soar
10/03/2022 (The New Indian Express) - The impact of the Russia-Ukraine war is already being felt in India. While our students studying there faced problems, now our kitchens too are facing the heat as prices of cooking oil have started soaring since the outbreak of the war.
As price of cooking oil soars, restaurants look at cost-cutting measures
11/03/2022 (The Hindu) - While some hotels are looking at cutting down on fried food items, others are worried that they may have to hike prices after April 1, 2022.
India stares at edible oil price spike; 90% sunflower oil came from Ukraine-Russia
11/03/2022 (Fortune India) - With the Ukraine-Russia war continuing indefinitely, a hike in edible oil prices as well as shortage in supply seems round the corner, at least for the short-term. After all, 90% of India's sunflower oil requirement is catered by Ukraine and Russia and shipments have completely stopped ever since the war started. Sunflower oil comprises 15% of most edible oil brands. "If that 15% doesn't come for a longer period of time then consumers will have to shift to soybean, rice-bran or palm oil," points out Angshu Mallick, CEO, Adani Wilmar, makers of the Fortune brand of oil.
Suhakam: Palm oil plantation workers subjected to forced labour
11/03/2022 (The Malaysian Reserve) - THE Human Rights Commission of Malaysia (Suhakam) stated that eight out of 1,000 workers in the oil palm plantation sector in Malaysia are in forced labour, which includes private estate and government scheme workers.
CPO futures end mostly lower, tracking Chicago bean oil market's weakness
11/03/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended mostly lower tracking weakness in the Chicago bean oil market, said palm oil trader David Ng.
Cooking oil prices triple as palm costs rise 33pc
11/03/2022 (Business Daily Africa) - Prices of crude palm oil have jumped by 33 percent due to the Ukrainian crisis, as sector players initiate efforts to urge the government to contain a further rise in cooking oils.
Global market can't dictate Indonesia palm oil policy
11/03/2022 (The Star Online), Jakarta - Indonesia's palm oil price should not be dictated by the external market, its trade minister said on Thursday, backing his decision to expand palm oil export curbs at a time of surging global prices from a global supply crunch.
