Latest News

MARKET DEVELOPMENT
07-03-2022

Focus on improving yields, palm oil players advised

07/03/2022 (The Sun Daily), Petaling Jaya - Palm oil players should focus on increasing yields and not hectarage as a way out of the unusual crude palm oil (CPO) supply crunch which has seen CPO futures contract hitting an all time high of RM8,163 per metric ton (pmt), according to Inter-Pacific Securities head of research Victor Wan.

MARKET DEVELOPMENT
07-03-2022

Turkeyâ€™s cooking oil stocks sufficient, says agriculture minister

06/03/2022 (Ahval News) - Rumours about depleting stocks on basic food stuffsf are not accurate, and Turkey has sufficient stocks of sunflower oil, Agriculture Minister Vahit KiriÅŸÃ§i said in a statement.

MARKET DEVELOPMENT
07-03-2022

Cooking oil price rise fear spurs panic buying in Bhubaneswar

06/03/2022 (The Times of India) - BHUBANESWAR: People in the capital have started panic buying of edible oil following rumours of its shortage and price rise in India due to the ongoing Russia-Ukraine war.

MARKET DEVELOPMENT
07-03-2022

Government strives to ensure continued supply of cooking oil: Minister

05/03/2022 (Antara News), Palembang - Coordinating Minister for Economic Affairs Airlangga Hartanto emphasized that the government had persistently endeavored to ensure continued supply of cooking oil in the community to address the current dearth.

MARKET DEVELOPMENT
07-03-2022

Record cooking oils are latest threat to surging food inflation

04/03/2022 (The Edge Markets) - Prices of cooking oils, used in thousands of products from chocolate to margarine and instant noodles, are on a tear and that means shoppers need to brace for more expensive groceries.

MARKET DEVELOPMENT
07-03-2022

Increased revenue from high palm oil demands a boost to post-Covid recovery, says minister

04/03/2022 (New Straits Times) - The increased revenue from the growing demands for palm oil will greatly help the country's recovery from the effects of the Covid-19 pandemic, said the Ministry of Plantation Industries and Commodities.

MARKET DEVELOPMENT
07-03-2022

Malaysia's end-February palm oil stocks seen at 10-month low as exports rise

04/03/2022 (The Edge Markets), Kuala Lumpur - Malaysia's palm oil stockpile at end-February likely plunged to its lowest in 10 months, as production shrank for a fourth consecutive month while exports jumped, a Reuters survey showed on Friday (March 4).

MARKET DEVELOPMENT
07-03-2022

Palm oil slumps on demand destruction and food inflation worries

04/03/2022 (The Edge Markets) - Palm oil retreated on concerns about demand destruction from record high prices, although expectations of shrinking stockpiles in second-biggest grower Malaysia and escalating tension in the Black Sea region curbed losses.

MARKET DEVELOPMENT
07-03-2022

Increased revenue from high palm oil demands a boost to post-Covid recovery, says minister

04/03/2022 (The New Straits Times) - KUALA LUMPUR: The increased revenue from the growing demands for palm oil will greatly help the country's recovery from the effects of the Covid-19 pandemic, said the Ministry of Plantation Industries and Commodities.

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