Berita Arkib

SINGAPORE: Palm oil may break a support at 3,888 ringgit per tonne and fall towards the next support at 3,738 ringgit.

The Middle East and North Africa (MENA) comprises of 25 countries with a population of almost 700 million people or 10% of the total world population. The Middle East and Africa vegetable oil market is projected to grow at a CAGR of 4.31% during the forecast period (2020 - 2025). The Middle East edible oil market is expected to witness massive growth in the future. The business landscape is characterised by intense competition.

Indian traders have again complained to the Indian government that a huge influx of soybean oil from Nepal in violation of the rules of origin under the South Asian Free Trade Area (SAFTA) was hurting refineries and farmers in India.

KUALA LUMPUR, June 1 (Reuters) - Malaysian palm oil futures fell for a second straight day on Tuesday, as a two-week lockdown threatened to hit domestic consumption of the edible oil amid a sluggish export pace in May, but expectations of lower production limited losses.

CHICAGO, June 1 (Reuters) - Chicago Board of Trade soybean futures rose 1.2% on Tuesday, supported by concerns that hot and dry weather in parts of the U.S. Midwest will stress the crop during early development stages.

HE WHAT? India upped palm oil imports from Thailand in May 10 fold versus the previous month, according to a report published by S&P Global, thanks to attractive pricing in comparison to palm oil produced in Malaysia and Indonesia.

KUALA LUMPUR, June 2 - Malaysian palm oil futures rose on Tuesday after two straight sessions of declines, as dry weather in the United States and Canada crop belts, and reduced crop expectations in South America stoked worries of global edible oil supply.

KUALA LUMPUR: The World Trade Organisation (WTO) agreed to a request from the Malaysian government to establish a panel examining a European Union law that restricts the use of palm oil-based biofuel, Putrajaya said today.

KUALA LUMPUR: Malaysian palm oil futures fell over 2% on Monday as the pace of exports slowed and Indonesia raised its export taxes for June, with a nationwide lockdown in Malaysia further dampening sentiment.

MALAYSIA’S exports increased by 63% year-on-year (YoY) in April to RM105.6 billion, driven by exports of manufactured goods which were up 65.5% YoY to RM91.6 billion.

Almost all major plantation companies have been raking in the profits from the record high crude palm oil (CPO) prices. However, FGV Holdings Bhd recorded a loss in the latest quarter.

Edible oil trade body SEA on Monday urged the government to check huge import of soybean oil at zero duty from Nepal flouting rules of origin, saying this may lead to an annual revenue loss of Rs 1,200 crore to the exchequer and hurt domestic refiners.