Berita Arkib

SINGAPORE: Palm oil may retreat into a range of 4,008 ringgit to 4,048 ringgit per tonne before resuming its uptrend.

Kuala Lumpur: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to remain range-bound with a downward bias this week as traders anticipate a weaker export phase in the coming weeks owing to recent high prices.

The government increased prices of edible oil yesterday, less than a month after doing the same citing price hike in the international market.

HAMBURG: Iran's state purchasing agency the Government Trading Corporation (GTC) has issued international tenders for the purchase of 30,000 tonnes of soyoil, 30,000 tonnes of sunflower oil and 30,000 tonnes of palm olein oil, European traders said on Monday.

The Ministry of Commerce has decided to raise the prices of edible oil to keep pace with the international market and stave off any volatility ahead of Ramadan.

Bangladesh government has set the prices of edible oil for a second time, raising them by Tk 2-6 a litre from the previous prices.

(MENAFN - UkrinForm) Bilateral trade between Malaysia and Ukraine increased by 6.4% in the first 11 months of 2020 and amounted to $310 million, despite the coronavirus pandemic, Ambassador of Malaysia to Ukraine Raja Reza Raja Zaib Shah has said in an exclusive interview with Ukrinform.

Ukraine’s government has proposed a package of measures to retailers and sunseed crushers in a bid to stabilise domestic retail prices for bottled sunflower oil until the arrival of new crop production in July, with the details set out in a draft memorandum seen by Agricensus.

India’s palm oil imports fell 27% to 3,94,495 tonnes in February from the year-ago period, mainly due to factors like sluggish demand and higher import of crude palm oil in the previous two months, industry body SEA said on Friday.

BENTONG (March 12): Malaysia will increase its palm oil exports to Saudi Arabia from 300,000 tonnes to 500,000 tonnes worth approximately RM1 billion.

THE Ministry of Plantation Industries and Commodities (MPIC) is looking at setting up a Malaysian Agricommodity Regional Office in Jeddah, Saudi Arabia, to capitalise on the market potential for the nation’s agricultural commodities in the Middle East and Africa.

KUALA LUMPUR (March 12): Malaysian Palm Oil Board (MPOB) director-general Dr Ahmad Parveez Ghulam Kadir said today the additional RM2 per tonne cess or tax imposed on manufacturers of crude palm oil (CPO) and crude palm kernel oil is in line with the current uptrend in CPO prices at above RM4,000 a tonne.