Berita Arkib

China is expected to lower its palm oil purchases in the 2021-22 marketing year, spanning October 2021-September 2022, as it looks to ramp up domestic edible oil production — a move that can help reduce reliance on vegetable oil imports.

Indonesia’s palm oil exports are set to rise by 1.5 million mt year on year to 29.5 million mt in 2021-22 marketing year (October-September) as higher production and lower prices are expected to encourage demand in China and the EU, the US Department of Agriculture’s Foreign Agricultural Service said.

MALAYSIA will further enhance its bilateral cooperation with Saudi Arabia and the United Arab Emirates (UAE) in a more comprehensive and strategic direction, and rebuild the confidence among the business community.

MALAYSIAN palm oil inventory is expected to stay below two million tonne levels in view of the slower production period, MIDF Amanah Investment Bank Bhd stated in a report yesterday.

A new team has taken over the Ministry of Finance in Islamabad. Let us hope they will be more amenable to issues facing the value-added sectors, particularly the small and medium scale ones

According to the government data, retail prices of edible oils have shot up by 55.55 per cent in over a year and are adding to the woes of consumers already reeling under the economic distress induced by the COVID-19 pandemic.

The break above a resistance at $65.45 on Monday proved to be false. The downtrend from the May 5 high of $66.76 may have resumed.

OILS (per 10 Kgs) G.Nut Raw 1610.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1660.00 Sunflower Exp.Ref. 1720.00 Cottonseed(Refined) 1530.00 Refined Palm Oil 1360.00

Crude palm oil (CPO) price will stay above RM3,000 level in the fist half (1H) of 2021, MIDF Research said.

The holding up of imported edible oil consignments in Indian ports for nearly two weeks has led to drying up of supply pipepline temporarily and steps are being taken to release them at the earliest.

PALM oil fell from a record after a report showed inventories in Malaysia climbed more than expected to a five-month high and as soybeans and soybean oil took a breather from their blistering rally.

Japanese electricity supplier J-Power plans to produce wood pellets from waste palm oil trees in Malaysia in keeping with Japan's carbon neutral goal by 2050.