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MARKET DEVELOPMENT
27-03-2024

VEGOILS-Palm oil climbs on strong export data, weak output growth

25/03/2024 (Reuters), Jakarta - Malaysian palm oil futures rose on Monday, snapping two straight sessions of losses, underpinned by strong export data and weak output growth.

MARKET DEVELOPMENT
27-03-2024

Kim Loong's 4Q net profit falls to three-year low on weaker palm oil prices, declares five sen dividend

26/03/2024 (The Edge Malaysia), Kuala Lumpur - Plantation firm Kim Loong Resources Bhd’s net profit for the fourth quarter ended Jan 31, 2024 (4QFY2024) fell 32.09% to RM24.87 million, from RM36.61 million a year ago, on weaker palm oil prices.

MARKET DEVELOPMENT
27-03-2024

Edible oil price: Historic retreat

26/03/2024 (Business Recorder) - Terms of trade in the food sector have been Pakistan’s savings grace on the trade balance front this fiscal year. From rice and nuts holding the export front – palm oil has contributed the most in food category import savings during 8MFY24. We will never quite know what is contributing the most to the edible oil import slowdown, but Pakistan is not really waiting for those answers yet – as long as the dollar bill is manageable.

OILS & FATS
26-03-2024

Declining Indonesian palm oil exports may affect domestic supply, officials say

25/03/2024 (Reuters), Jakarta - Indonesia's palm oil product exports slipped in January and February, raising concerns less of the edible oil will be available domestically because of the tie between overseas sales quotas and internal quotas, official said on Monday.

OILS & FATS
26-03-2024

CPO futures end higher as Indonesia mulls change in DMO policy

25/03/2024 (The Malaysian Reserve), THE crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today due to robust export estimates for Malaysia, while Indonesia may impose restrictions on its exports, a dealer said.

OILS & FATS
26-03-2024

Palm oil rallies on strong exports, Indonesian policy worry

25/03/2024 (Free Malaysia Today), Kuala Lumpur - Palm oil snapped a two-day drop on optimism that Malaysian exports will be robust this month, and on concerns that potential Indonesian policy changes could limit supplies from the biggest shipper.

OILS & FATS
26-03-2024

VEGOILS-Palm oil reverses course amid production growth uncertainty

21/03/2024 (Reuters), Jakarta - Malaysian palm oil futures dropped on Thursday, erasing earlier gains, amid uncertainty over production growth and some correction in rival vegetable oils.

OILS & FATS
26-03-2024

Kenya To Reduce Importation Of Edible Oil By 50 Percent Next Year

25/03/2024 (Kenya News), The government has embarked on an ambitious plan to promote the growing of sunflower in a strategy meant to cut down the import bill for edible oils and lower cooking oil prices.

OILS & FATS
26-03-2024

Nigerian govt happy with 1st biodiesel plant in Calabar – VP Shettima

25/03/2024 (Daily Post), Vice President Kashim Shettima, represented by his Special Adviser on Economic Affairs, Tope Fasua has described Cross River State as the economic harbinger of Nigeria going by the arrays of energy potentials she is endowed with.

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