Berita Arkib

Edible oil trade body SEA on Monday asked the government to ban import of refined palm oil, fix tariff value on sunflower oil and monitor illegal shipments from Nepal, Bangladesh and Sri Lanka to protect local processing industry.

Sri Lanka is now compelled to ban imports, restrict imports or increase import taxes to manage its valuable foreign exchange reserves

The combination of a global pandemic and depressed oil prices could be the opportunity for Malaysia to reinvent and diversify its economy, said experts.

Oil prices were down in Asian trade today after big gains last week on signs of a demand revival as some governments ease coronavirus lockdown measures.

KUALA LUMPUR: Fitch Ratings has taken negative rating actions across its coverage of palm-oil producers in Malaysia and Indonesia.

KUALA LUMPUR (May 8): Malaysian palm oil futures climbed 2% on Friday, as traders said Indonesian inventories of the vegetable oil dipped in March, although the contract was set for a sharp weekly loss.

Trade body says government should focus on boosting oilseeds output for self-sufficiency.

PALM oil price has been the lowest in 10 months, dropping 34.19% since the beginning of the year to RM2,038 per tonne on Wednesday.

NEW DELHI – Futures contracts of all components of the domestic edible oil basket rose today on domestic exchanges.

More land in the EU-27 has been planted with oilseeds for the 2020 crop than the previous year due to the expansion in rapeseed and soy areas.

KUALA LUMPUR (May 5): India is seen as having very little choice and could soon turn to Malaysia and start importing back, especially if the COVID-19 pandemic situation in Indonesia gets worse and the country goes into full lockdown as most of the countries are doing at the very moment.

The recent dietary advisory published by the WHO Eastern Mediterranean Regional Office (WHO EMRO) advising people not to consume palm oil during the Covid-19 pandemic stating it contains saturated fats is a terribly misleading advisory which will jeopardise WHO's authoritative standing on health and nutrition in the global community.