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CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Malaysia raises palm oil export duty for April
Middle East conflict boosts demand for alternative fuels
Palm falls on weak rival oils, crude oil prices, April demand concerns
EU rapeseed rises to all-time highs, wheat flat
HAMBURG, Dec 27 (Reuters) - Rapeseed rose to all-time highs on Monday, supported by tight stocks, strong demand and a rally in soybeans, while European wheat futures were little changed with many market participants absent after Christmas. GRA/
Indonesia sets January CPO reference price lower, export tax unchanged
JAKARTA: Top palm oil exporter Indonesia set the January crude palm oil reference price at $1,307.76 per tonne, down from $1,365.99 per tonne in December, Musdhalifah Machmud, a deputy minister at the Coordinating Ministry of Economic told Reuters on Monday.
Ferrero to publish yearly report on palm oil action plan
KUALA LUMPUR: Italian confectionery producer, Ferrero Group, will publish a yearly Progress Report in 2022 to share its journey, including the challenges faced in achieving the commitments outlined in its Palm Oil Charter and related action plan.
India's series of interventions arrest domestic spike in palm oil prices
Even though the prices of Malaysian crude palm oil shot up sharply, the price of the Indian product did not follow the same trend in 2021 due to the government's intervention.
Indonesia to consider subsidising cooking oil to curb inflation
JAKARTA, Dec 25 (Reuters): Indonesia is considering subsidising cooking oil for its domestic market using revenue from a palm oil export levy, as authorities seek to keep inflation in check amid a rise in commodity prices, its trade minister has announced.
Liberalised refined palm oil import will be in consumer interest
The policymakers should take note of the large differential between wholesale and retail prices of essential food products
Viewpoint: Strong fundamentals to buoy EU RSO prices
Limited prompt rapeseed supply and rising demand for rapeseed oil (RSO) from the EU biodiesel sector will continue to support higher European prices in the first half of next year.
Oil palm to be raised in 67,000 acres in Telangana's Kamareddy district
NIZAMABAD: In line with the Centre's National Food Security Mission for Oilseeds and Oil Palm (NFSM-OOP), which aims to increase oil palm cultivation across the country, the horticulture and agriculture departments of Telangana have set the ball rolling by initiating measures to achieve the desired goals. These departments have chalked out plans to encourage farmers and to ensure the oil palm cultivation is taken up in 67,000 acres in Kamareddy district in the next six years.
Duty cut could lift India’s refined palm oil imports, dent CPO purchases
India’s refined palm oil imports are set to jump in the first quarter of 2022 after New Delhi slashed import taxes on it, making the refined product cheaper for Indian buyers than raw material crude palm oil (CPO).
