Berita Arkib

Traders raised the price of edible oil again taking the price of one litre packaged soya bean oil to Tk 180 in different city markets on Monday, despite the government’s assurance that the price of the commodity would not rise until Eid-ul-Fitr in May.

The supply of sunflower oil has been disrupted because of the Russia Ukraine conflict, Industry body is exploring all options to get edible oils from other countries to maintain domestic supply chain

Brazil, Argentina, and Paraguay, which account for more than half of the world’s soybean supply, are expecting smaller harvests this crop season. Major agricultural agencies and consultancies have already slashed their forecasts for the soybean output in 2021-22 as a result of severe drought since November.

With the ongoing war between Russia and Ukraine, the import of sunflower oil to India is also likely to take a hit. India imports around 70% of its total import of sunflower edible oil from Ukraine and around 20% from Russia. Meanwhile, India’s own sunflower production has been stagnant for the past few years at around 60,000 tonnes (2019-20), which is grown on around 2.40 hectares.

KUALA LUMPUR, March 1 (Reuters) - Malaysian palm oil futures jumped over 3% to a record peak on Tuesday, as Russia's invasion of Ukraine disrupted supply of sunflower oil, grains, and crude, sending prices of global commodities into an upward spiral.

THE Ukraine-Russia conflict is set to help keep crude palm oil (CPO) prices at historic highs for a longer period as the edible oil market faces a sharper squeeze while the price trends attract more directional trading interest.

KUALA LUMPUR: Malaysia, a net exporter of crude oil and the world’s No. 2 palm oil producer, stands to benefit from the record-smashing gains in global commodity markets sparked by Russia’s invasion of Ukraine, say analysts.

New Delhi, February 25, 2022: With the ever-increasing population and the government’s leading role in expanding sustainable palm oil farming domestically, India could lead the way in ensuring the sustainable production and consumption of palm oil. Oil palm is more efficient, uses less land, needs fewer pesticides, and less fertilizer and has the potential to help with the food security factor for a populous country like India. These are some of the insights presented at a virtual panel discussion on the theme, ‘Sustainable Palm Oil and its Role in Ensuring Food Security in India’, organised by the Council of Palm Oil Producing Countries (CPOPC) in collaboration with Hindustan Times, on February 22nd.

KUALA LUMPUR: Prices of certain goods in Malaysia will record a significant increase should there be no intervention from the government, following the ongoing conflict between Russia and Ukraine.

VIJAYAWADA: To encourage the cultivation of oil palm, the Andhra Pradesh government has increased the subsidies for the components and inputs for oil palm cultivation from February 2022.

KUALA LUMPUR (Feb 25): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed significantly lower on Friday on profit-taking, said a dealer.

JAKARTA, Feb 25 (Reuters) - Indonesia's palm oil exports are estimated at 2.34 million tonnes in January, while exports between Feb 1-24 are seen at 1.70 million tonnes, Eddy Abdurrachman, chief executive of the agency in charge of collecting palm oil levies (BPDPKS), said.