Berita Arkib

Branded edible oil makers have reduced the prices of palm oil, soybean oil, and sunflower oil, bringing some relief to the people. Consumers who have been reeling under inflationary pressure can breathe a sigh of relief as international prices have softened.

The EU last week reduced its imports of palm and soy oil, as well as rapeseed oil (RSO), as the market adjusts to a renewed availability of sunflower seed (SFS) and oil (SFO).

NAPERVILLE, Ill., June 15 (Reuters) - Chicago-traded soybean futures are at their highest ever levels for mid-June despite the forecast for a record-large U.S. harvest this fall and a supply recovery into next year.

In Nigeria, the demand for palm kernel oil – extracted from the fruit of the oil palm tree – is estimated to be double than what local producers can currently supply. Palm oil is used for cooking and it is also an important ingredient in a variety of food and cosmetics products.

Unilever has announced a new $120 million (£99 million) biotech venture that could help save rainforests by creating a substitute for palm oil.

GHENT, BELGIUM — In a move aimed at reducing greenhouse gas emissions and promoting circular fuel possibilities, Cargill has completed its first advanced biodiesel plant in Ghent, Belgium, which converts waste oils and residues into renewable fuel. The advanced biodiesel produced at the facility will be used by the maritime and trucking sectors, enabling customers to lower the carbon footprint associated with their maritime and road transport activities.

15/06/2022 (New Straits Times) - Malaysia's crude palm oil (CPO) export volume is expected to ease month-on-month (m-o-m) in June, said Maybank Investment Bank (Maybank IB).

15/06/2022 (Free Malaysia Today), Jakarta - Indonesian president Joko Widodo announced a cabinet reshuffle today, sacking the trade minister and announcing a replacement following controversy over a series of policy reversals on palm oil exports.

16/05/2022 (The Edge Markets) - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Wednesday on continued concerns over weaker demand following the lifting of Indonesia’s CPO export ban.

14/05/2022 (Bloomberg) - Palm oil ended higher as a weaker Malaysian currency made the tropical oil cheaper for overseas buyers, while higher petroleum prices raised its biofuel appeal.

15/06/2022 (Morning Star Online) - INDONESIA has appointed a new trade minister after President Joko Widodo announced a cabinet reshuffle as the government came under fire over its palm oil export policy.

15/06/2022 (Economic Times) - India has reduced the base import prices of crude palm oil, soyoil, gold and silver, the government said late on Wednesday.