Berita Arkib

Global consumption of palm oil will fall this season for the first time on record as a coronavirus-led recession slashes demand for edible oils and fats, leading industry analyst Thomas Mielke said on Monday.

Petroleum is the key to understanding the palm oil market today as it determines the crude palm oil (CPO) price range via the price band and is also a sign of the state of the world economy, plantation expert James Fry of LMC International Ltd said

Malaysia is working on creating better trade relations with India, its top palm oil buyer last year, and addressing some of the issues that have negated the country’s palm oil share in the global market, Malaysian Palm Oil Council (MPOC) chief executive officer Datuk Dr Kalyana Sundram said.

Malaysian palm oil futures slid on Monday as the tropical commodity's global consumption is expected to drop, while production in June is estimated to have risen so far

THE virtual 10th Intercessional Ministerial Meeting today will resume the Regional Comprehensive Economic Partnership (RCEP) negotiations, marking an important milestone towards the expected signing by year-end.

Ministers from Asia-Pacific countries negotiating a sprawling free trade agreement began a videoconference Tuesday, with the focus on whether they can come up with a way to bring India back to the talks.

Palm oil giant Musim Mas is donating $5 million in total to five local organisations, to help those affected by the Covid-19 pandemic

Malaysian palm oil futures fell on Monday due to concerns that a resurgence in cases of the novel coronavirus would hit demand, while uncertainty over production further dented sentiment.

Demand has fallen off a cliff in India since the prime minister, Narendra Modi, imposed a countrywide lockdown on 24 March to contain the pandemic. That has shuttered restaurants and hotels, major consumers of the oil.

MOP deliveries to Malaysia are accelerating from a slow start to the year, as restocking ramps up after a protracted MOP tender season. But the Covid-19 pandemic has restricted logistics, trade and food supply in Malaysia, and Argus expects a fall in MOP application overall this year, limiting any jump in 2020 imports.

A pilot to extend oil palm cultivation to new districts in the State has taken off with planting of oil palm saplings over 98 acres.

Uptrend continued in soya and other oils on strong global cues and increased demand for palm oil. The closure of most of the plants in Madhya Pradesh also added to the uptrend in soya oil. Soya refined Indore (Avi) rose to ₹855 for 10 kg, while soya refined (Vippy & Bajrang) was quoted at ₹852