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MARKET DEVELOPMENT
01-02-2024

Palm oil extends losses amid weaker rival oils, soft Chinese data; up 2% in Jan

31/01/2024 (XM), Singapore - Malaysian palm oil futures declined for a third consecutive session on Wednesday, amid weaker rival oils and lacklustre Chinese economic data, but the contract still logged a monthly gain.

MARKET DEVELOPMENT
01-02-2024

Indonesia sets palm oil reference price at US$806.40/mt in Feb, to set price monthly

31/01/2024 (The Edge Malaysia), Jakarta - Indonesia has set its palm oil reference price at US$806.40 (RM3,814) per metric tonne for Feb 1-29, an increase from US$774.93, a trade ministry decree showed on Wednesday.

MARKET DEVELOPMENT
01-02-2024

Woman nabbed with more than 2,000kg of subsidised cooking oil, sugar

31/01/2024 (New Straits Times), Kota Baru - A woman was nabbed by Kelantan Domestic Trade and Cost of Living Ministry enforcement officers yesterday for keeping 2,358kg of subsidised 1kg cooking oil and sugar.

MARKET DEVELOPMENT
01-02-2024

Malaysia's January palm oil exports at 1,166,973 tons – SGS

31/01/2024 (XM), Kuala Lumpur - Cargo surveyor Societe Generale de Surveillance (SGS) estimates exports of Malaysian palm oil products for January at 1,166,973 metric tons, according to LSEG Source: Reuters 31/01/2024 (XM), Kuala Lumpur - Cargo surveyor Societe Generale de Surveillance (SGS) estimates exports of Malaysian palm oil products for January at 1,166,973 metric tons, according to LSEG

MARKET DEVELOPMENT
31-01-2024

Reduce import duty on rice, edible oil, sugar, date before Ramadan: PM Hasina

30/01/2024 (Asia News Network), Dhaka - Prime Minister Sheikh Hasina today directed the authority concerned to reduce import duty on four essential items — rice, edible oil, sugar and date — ahead of Ramadan.

MARKET DEVELOPMENT
31-01-2024

Palm oil dives 2.7% amid plunging rival edible oils, stronger ringgit

31/01/2024 (Hellenic Shipping News) - Malaysian palm oil futures plummeted on Tuesday, extending losses on prolonged weakness in rival edible oils and a stronger ringgit.

MARKET DEVELOPMENT
31-01-2024

An historic Powys mansion is set to be heated using vegetable oil.

30/01/2024 (County Times) - Bronllys Hall near Brecon is on a journey to become a sustainable events venue powered by vegetable oil, solar, wind and batteries – in what is believed to be a UK-first.

MARKET DEVELOPMENT
31-01-2024

Oil, sugar prices cool on PM's duty cut announcement ahead of Ramadan

31/01/2024 (Somoy News) - Mill owners have started releasing goods fearing huge losses when the new tariffs come into effect. The prices of edible oil, sugar and chickpeas have dropped by Tk 50 to Tk 100 per maund (37.32kg) in just one day.

MARKET DEVELOPMENT
31-01-2024

Palm oil extends losses to third session on weaker rival oils

31/01/2024 (Business Recorder), Singapore - Malaysian palm oil futures fell on Wednesday tracking weaker rival edible oils, although a muted ringgit and strong economic growth forecast for top importer India capped losses.

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PALM NEWS MALAYSIAN PALM OIL BOARD Tuesday, 26 Nov 2024

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PALM NEWS MALAYSIAN PALM OIL BOARD Tuesday, 26 Nov 2024

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