Berita Arkib

India's palm oil and soyoil imports plunged by nearly a quarter in June from a month ago, a leading trade body said in a statement on Tuesday, as refiners postponed purchases anticipating a reduction in the import tax.

Jakarta. Having Swiss on board for the trade deal between Indonesia and European Free Trade Association, or EFTA, will convey a strong message regarding the discriminated palm oil to the European Union, or EU, according to Deputy Trade Minister Jerry Sambuaga.

KUALA LUMPUR, July 13 (Reuters) - Malaysian palm oil futures advanced on Tuesday, supported by lingering concerns over tight supply of palm and rival edible oils amid hopes of an improvement in export shipments.

SAO PAULO, July 13 (Reuters) - The Brazilian government raised the mandatory blend of biodiesel into diesel to 12% from 10%, below this year's target of 13% in a bid to rein in fuel inflation amid high soybean prices.

China raised its forecast on imports of edible oils in 2020/21 marketing year, on increase of palm oil and sunflower oil shipments, the country’s agriculture ministry said on Monday. China’s 2020/21 edible oils imports were seen at 10.23 million tonnes, up 900,000 tonnes from last month’s forecast, the Ministry of Agriculture and Rural Affairs said in its monthly crop report.

KUALA LUMPUR: Malaysian palm oil futures rose as much as 3.2% on Tuesday, touching its highest in five weeks, on persisting concerns over tight supply of palm and rival edible oils amid hopes of an improvement in export shipments.

Palm oil prices in India have risen more than six per cent even after the government cut import tax and allowed shipments of refined palm oil as its price overseas jumped in anticipation of strong demand from the world's biggest buyer, industry officials said.

India's imports of vegetable oils fell by 20% month on month in June to 996,014 mt due to a build-up of stocks at its ports, the Solvent Extractors' Association of India (SEAI), a national trade body, said in its monthly release July 13.

KUCHING (July 11): Sarawak’s palm oil industry is teetering on the brink of collapse because of crippling labour shortage and restrictions of the standard operating procedure (SOP) imposed to curb the Covid-19 pandemic. Labour shortage is a perennial problem besetting the industry, because locals generally shun jobs in the industry forcing refineries, oil palm estates and smallholders to depend heavily on foreign workers.

[KUALA LUMPUR] Malaysian palm oil futures rose 2 per cent on Friday, set for a third consecutive weekly gain, as a weaker ringgit made edible oil cheaper for holders of foreign currency, while expectations of tight production further buoyed trader sentiment.

BUSINESS entities that run any used cooking oil collection activities in the market require a licence from the Malaysian Palm Oil Board (MPOB), as the board regulates such activities, especially if they involve palm oil.

KUALA LUMPUR: A blistering palm oil rally is stoking a flurry of plantation deals as growers brace for stiffer challenges from environmental and labour risks.