Berita Arkib

ADILABAD: In a first, the authorities concerned have started raising the oil palm seed sprouts imported from Malaysia in a nursery spread over 10 acres at Madamapur area in Talamadugu. According to sources, the State government has entrusted a private company with the responsibility of managing the nursery and ensuring the proper growth of the plants.

Malaysian palm oil futures declined more than 2% on Tuesday, their sharpest intraday fall in nearly a month, as a slump in early October exports outweighed support from tightening inventories.

Soppoa chief executive officer Felix Moh said this is the most refreshing and welcomed news for the palm oil industry here as Sarawak has very acute shortage of foreign workers which had adversely affected the industry since the Movement Control Order (MCO) was enforced in March 2020.

Imports meet 50% of India’s edible oil demand, and over 55% of these imports is palm-oil, making India the world’s largest importer of palm oil. This also makes India vulnerable to price fluctuations, as evident from prices jumping by 60% between June 2020 and June 2021, leading to edible-oil inflation of 32.5% in July 2021

Food prices have reached their highest level in a decade as the coronavirus continues to wreak havoc on businesses left reeling from a labor shortage and issues within the supply chain.

Higher demand from China, India and the European Union (EU) pushed up the crude palm oil (CPO) exports in September 2021 by 36.8 per cent month on month (m-o-m) to 1.60 million metric tonnes (MT) from 1.17 million MT in the previous month.

he ringgit strengthened further against the US dollar at the close today for the fourth consecutive day on optimism surrounding the market, dealers said.

Chicago soybean futures rose on Wednesday from a 10-month low hit in the previous session, aided by hopes of increased Chinese purchases, although forecasts of ample global supplies limited gains

Malaysian palm oil futures ended lower on Monday, weighed down by weaker exports in October so far, but Malaysian Palm Oil Board (MPOB) data showing tightening supply helped limit losses.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued its downward trend to close easier on Tuesday on lower export data, a dealer said.

A Pakatan Harapan MP has called for Putrajaya to do away with any form of windfall tax if it wants Malaysia to become among the centres of commerce and industry in the world.

Malaysian palm oil futures fell more than 1% on Tuesday, declining for a second session as a slump in early October exports outweighed support from tightening inventories