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MARKET DEVELOPMENT
03-08-2023

India's July edible oil imports at record high

02/08/2023 (Reuters), Mumbai - India's edible oil imports in July rose to a record 1.76 million metric tonnes as refiners built up stocks for upcoming festivals given uncertainty over supplies from the Black Sea, five dealers told Reuters.

MARKET DEVELOPMENT
03-08-2023

VEGOILS-Palm closed up on weaker ringgit, stronger rival oils

02/08/2023 (Nasdaq) - Malaysian palm oil futures closed up on Wednesday after six straight sessions of losses, underpinned by a weaker ringgit and stronger rival oils.

MARKET DEVELOPMENT
03-08-2023

Decline in edible oil costs hits Adani Wilmar’s profitability

02/08/2023 (Times of India), Ahmedabad - Due to a high-cost inventory triggered by a decline in edible oil prices, FMCG major, Adani Wilmar Limited posted a net loss of Rs 79 crore during the first quarter of FY 2024, according to the company’s regulatory filing on Wednesday. This is against a prifit of Rs 194 crore during the corresponding quarter of FY 2023. The company’s annual revenues also declined 12% to Rs 12,928 crore from Rs 14, 724 crore during the same period.

MARKET DEVELOPMENT
02-08-2023

MPOC: CPO prices expected to trade at between RM3,700-RM4,200 in 2H 2023

01/08/2023 (Malay Mail), Kuala Lumpur - Malaysia’s crude palm oil (CPO) prices are expected to trade in the range of RM3,700 to RM4,200 per tonne during the second half of 2023 (2H 2023), said the Malaysian Palm Oil Council (MPOC).

MARKET DEVELOPMENT
02-08-2023

VEGOILS-Palm breaks five sessions of losses on stronger Chicago soyoil

01/08/2023 (Nasdaq), Jakarta - Malaysian palm oil futures inched higher on Tuesday, breaking a streak of five consecutive sessions of losses as soyoil in the Chicago Board of Trade recovered.

MARKET DEVELOPMENT
02-08-2023

VEGOILS-Palm oil extends losses for fifth day as rivals weigh

31/07/2023 (Nasdaq), Jakarta - Malaysian palm oil futures fell for a fifth consecutive session on Monday, after they tracked weaker rivals and as market participants awaited July export data, although the contract was set for a monthly gain.

OILS & FATS
02-08-2023

Palm oil price analysis as El Nino complicates supply dynamics

01/08/2023 (Invezz) - Palm oil price has staged a strong comeback in the past few weeks as investors refocus on the ongoing drought. After tumbling to 705 in May, the price surged to a high of 895 in July even as other commodity prices remained under intense pressure.

OILS & FATS
02-08-2023

Flag carrier Garuda Indonesia tests palm oil-blended jet fuel

01/08/2023 (Channel News Asia), Jakarta - Flag carrier Garuda Indonesia said on Tuesday it is testing jet fuel mixed with palm oil in the engines of one of its Boeing aircraft, amid efforts to cut emissions in the aviation sector.

MARKET DEVELOPMENT
01-08-2023

Palm oil closed down 3% on stronger ringgit, weaker rival oils

Malaysian palm oil futures closed down 3.02% on Monday, following a stronger ringgit and weakerrival oils, although the contract booked a monthly gain.

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PALM NEWS MALAYSIAN PALM OIL BOARD Thursday, 28 Nov 2024

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PALM NEWS MALAYSIAN PALM OIL BOARD Thursday, 28 Nov 2024

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