Berita Arkib

India's palm oil imports in June rose to reach the highest level in six months on robust demand from refiners for upcoming festivals, while sunflower oil imports surged to a record level, a leading trade body said on Thursday.

Import of vegetable oils, comprising edible and non-edible oils, rose 18 per cent in June to 1.55 million tonnes on higher imports of crude palm oil and crude sunflower oil, according to trade data.

11/07/2024 (New Straits Times), Kuala Lumpur - The recent increase of foreign labour is anticipated to significantly enhance Malaysia's palm oil production this year and in the future.

10/07/2024 (The Star), Kuala Lumpur/Mumbai - Malaysia's palm oil stocks surged to a four-month high in June, driven by a steeper decline in exports compared to production, the industry regulator said on Wednesday.

10/07/2024 (Reuters), Mumbai - Malaysian palm oil futures extended losses on Wednesday as inventories rose to a four-month high in June and due to weakness in soyoil, even though an increase in July exports limited the downside.

10/07/2024 (Reuters), Jakarta - Indonesia plans to use funds from its palm oil export levy to finance development of the country's cocoa and coconut sectors, the country's trade minister said on Wednesday.

10/07/2024 (The Edge Malaysia), Shanghai - The Malaysian Palm Oil Council (MPOC) sees palm oil exports to the European Union (EU) stabilising in the long term and it will remain an important market for Malaysian palm oil despite challenges presented by the EU Deforestation Regulation (EUDR), as it is confident local players exporting to the region are able to meet sustainability criteria under the new rules.

10/07/2024 (Oils & Fats International) - The US government is opening the door to Brazilian imports of used cooking oil (UCO) by accepting international certification for the product, Bloomberg reports from a joint statement by the South American country’s ministries of foreign affairs and agriculture.

09/07/2024 (New Straits Times), Mumbai - Malaysian palm oil futures fell more than 2 per cent on Tuesday, marking their biggest drop in a month, due to an expected rise in stockpiles and tracking losses in rival soyoil, following better-than-expected crop conditions for the U.S. soybean crop.

09/07/2024 (The Edge Malaysia), Kuala Lumpur - Crude palm oil (CPO) prices are expected to trade within the range of RM3,800 per tonne to RM4,200 per tonne in the second half of 2024 (2H2024), Malaysian Palm Oil Council (MPOC) chief executive officer Belvinder Kaur Sron said, with production conditions remaining the main factor influencing prices.

09/07/2024 (Malay Mail), Kuala Lumpur - FGV Holdings Berhad (FGV) announced that it has submitted a petition to the United States Customs and Border Protection (CBP) seeking the modification of the Withhold Release Order (WRO) imposed on its palm oil and palm oil products since September 2020.

09/07/2024 (Fastmarkets) - Germany’s vegetable oil trade group UFOP warned that current global rapeseed production forecasts suggest there will not be enough of the oilseed available to meet demand and pushed for more planting in 2025 in a press release published on Thursday July 4.