Berita Arkib

KUALA LUMPUR: Malaysian palm oil futures extended gains on Thursday evening, supported by strength in soyoil markets, favourable export numbers and end of year production concerns.

* Palm up on La Nina weather pattern forecast - trader

Palm oil can be found in a wide range of products from makeup, to pet food, to candy. The rising concern with this widely used ingredient is that its current production methods often wreak havoc on the areas where producers harvest the plants. This giant industry, which touches over half of all consumer items, needs to pivot quickly so environmental damage can be mitigated.

PARIS: European Union soybean imports in the 2017/18 season that began on July 1 had reached 3.5 million tonnes by Oct. 24, down 19 percent from 4.3 million tonnes imported by the same stage last season, official data showed on Thursday.

Crude palm oil prices were higher by 0.30 per cent to Rs 542.30 per 10 kg in futures trade today as traders created fresh positions, supported by pick up in demand at the spot market.

The ghee and cooking oil industry Wednesday informed Prime Minister Shahid Khaqan Abbasi that the unilateral ban imposed by Punjab Food Authority (PFA) on Banaspati/vegetable ghee has resulted in imposition of 'technical barriers' on the import of palm oil from Malaysia and Indonesia, which is a gross violation of WTO (TBT) regime and Preferential Trade Agreements (PTA).

Indofood Agri Resources, a maker of edible oils and fats products in Indonesia, on Friday reported a 37 percent fall in third-quarter profit lower gross profit from higher fertiliser application, higher operating expenses and foreign currency fluctuations.

Spot offers quoted in cents/lb: Peanut (groundnut) oil Tankcar crude FOB Southeast 67.00 UNC Soybean oil Crude rail central Illinois 34.00 UP 0.24

KUCHING: MIDF Amanah Investment Bank Bhd’s research arm (MIDF Research) upgraded its rating on Malaysia’s plantation sector to ‘positive’, premised on its better prospects in 2018.

KUALA LUMPUR (Oct 26) -- MIDF Research upgrades plantation sector rating to Positive, after raising 2018 average palm oil price assumption to MYR2900/MT (metric ton) from MYR2725/MT.

Ahmedabad, October 26: Amid lower oilseed prices and the subsequent financial loss to farmers, the Solvent Extractors’ Association of India (SEA) has once again requested the Centre to increase the import duty on edible oils. The demand for a hike in import duty comes in the backdrop of the Gujarat government’s groundnut procurement at ₹900 per 20 kg, which started on Wednesday.

Kota Kinabalu: Sawit Kinabalu will allocate 2,500 hectares within its estate in Sungai Pin, Kinabatangan, to be established as a conservation area