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Malaysia raises palm oil export duty for April
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Middle East conflict boosts demand for alternative fuels
Palm falls on weak rival oils, crude oil prices, April demand concerns
Indonesia's anti-trust body probes cooking oil producers
31/03/2022 (The Star Online), Jakarta - Indonesia's anti-trust agency is investigating eight cooking oil producers on suspicion of cartel practices amid high retail prices, its chief Ukay Karyadi said on Thursday (March 31).
Dewan Negara told govt looking into ways to prevent abuse of subsidised cooking oil for profit
31/03/2022 (New Straits Times) - The government is looking into ways to prevent irresponsible quarters from abusing subsidised cooking oil for easy profit.
Govt extends stock limits on edible oils, oilseeds till December
31/03/2022 (Business Standard) - The government on Thursday extended stock limits on edible oils and oilseeds till December this year in order to check the soaring prices of the commodities due to the current global geopolitical situation.
Ukraine war may result in 25% supply shortage of sunflower oil in India: Report
31/03/2022 (The Times of India), Mumbai - The ongoing war in Ukraine, which is the world's largest sunflower grower, is likely to result in at least 25 per cent or 4-6 lakh tonnes shortage of crude sunflower oil supplies in India next fiscal, according to a report.
Malaysia ready to cater to requirements on sustainable palm oil to ease edible oil shortage — MPOC
Kuala Lumpur - Malaysian Palm Oil Council (MPOC) said Malaysia is ready to help and cater to the requirements on sustainable palm oil to substitute for sunflower oil amid an acute shortage in Iceland supermarkets.
Iceland supermarket's reversal on palm oil ban proves its importance in fulfilling demand-supply gap, says MPOB
Kuala Lumpur - Iceland supermarket's recent decision to reverse its ban on palm oil and return to the crop despite its skepticism over sustainable palm oil proved its importance in fulfilling the demand-supply gap of global oils and fats, the Malaysian Palm Oil Board (MPOB) said.
CPO futures end lower weighed by weaker soybean oil prices
Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Wednesday following bearish undertone in Chicago Board of Trade’s soybean oil prices, a dealer said.
Creative, innovative use of technology will help palm oil industry stay competitive — CPOPC
Kuala Lumpur - KUALA LUMPUR (March 30): Creative and innovative ways in utilising technology are crucial to maintain the palm oil industry’s competitive advantage, said Council of Palm Oil Producing Countries (CPOPC) executive director Tan Sri Dr Yusof Basiron.
Palm slips as Russia-Ukraine negotations raise hopes of ceasefire
Malaysian palm oil futures ended lower on Wednesday, erasing gains made in the previous session, as signs of progress in Russia-Ukraine peace talks boosted hopes of an end to a conflict that has roiled global supply of commodities, including edible oils.
