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MARKET DEVELOPMENT
03-01-2024

VEGOILS-Palm extends losses on soft demand, rival oil weakness

Malaysian palm oil futures fell for a fourth consecutive session on Wednesday to hit a two-month low, weighed down by soft demand and weakness in soybean prices.

MARKET DEVELOPMENT
02-01-2024

Indonesia lowers Jan 1-15 CPO reference price, maintains export tax and levy rate

01/01/2024 (The Star Online), Jakarta - Indonesia has lowered its crude palm oil (CPO) reference price for the Jan 1-15 period to $746.69 a metric ton from $767.51 per ton, a trade ministry official said on Friday.

MARKET DEVELOPMENT
02-01-2024

Sabah eyes 4pc growth this year

01/01/2024 (New Straits Times) - Sabah finance ministry expects an overall economic growth rate of about 4.0 per cent next year, supported by strong domestic consumption, increased investments and ongoing recovery of key sectors.

MARKET DEVELOPMENT
02-01-2024

India’s food imports at $33 billion in 2023, down 10% on year

02/01/2024 (Financial Express) - India, despite being one of the few developing countries self-sufficient in food, still shipped in $ 33 billion of farm products in 2023 with more than half of it just accounted for by vegetable oils, according to a report by trae policy think tank.

MARKET DEVELOPMENT
02-01-2024

Import duties to open agri sector key to ensure India's food security: GTRI

01/01/2024 (Business Standard) - Maintaining high import duties on sensitive agri commodities like rice and resisting pressure to open up the domestic sector to low tariffs will be crucial for preserving India's self-sufficiency and ensuring food security for its population, a report said on Monday.

MARKET DEVELOPMENT
02-01-2024

Argentina and Brazil’s soybean surge: India eyes increased soybean oil supply amid global shifts

31/12/2023 (The Print), New Delhi - In a pivotal year for Latin American soy production, Argentina and Brazil are set to drive significant growth in soybean crushing volumes in 2024.

MARKET DEVELOPMENT
29-12-2023

Malaysian oil palm industry to stage stronger performance next year

28/12/2023 (New Straits Times) - Our oil palm industry is set to move into 2024 with a better prospect.

MARKET DEVELOPMENT
29-12-2023

Concerns over used cooking oil fuel intensify

28/12/2023 (Farmers Journal) – Europe’s consumption of used cooking oil (UCO) more than doubled between 2015 and 2022, as it’s a key ingredient for biodiesel for cars and trucks.

OILS & FATS
29-12-2023

Sunflower cultivation to help cut Pakistan’s edible oil import bill

28/12/2023 (The Nation) - Pakistan is spending a sizable chunk of its budget on the import of edible oil and the volume is increasing with each passing day due to the growing population. The heavy import budget is putting more strain on the national coffers, reports WealthPK.

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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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