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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
India buys Russian sunoil at record high price as Ukraine supplies halt
MUMBAI (March 29): India has contracted 45,000 tonnes of Russian sunflower oil at a record high price for shipments in April, as edible oil prices in the local market surged after supplies from rival Ukraine stopped, five industry officials told Reuters.
Indonesians urged against fried food as cooking oil prices rise
JAKARTA (Bloomberg): The party backing President Joko Widodo is urging Indonesians to start boiling, steaming and roasting food instead of frying them as the price of edible oil surges.
Palm slips on forecast of higher output, slowing exports
KUALA LUMPUR: Malaysian palm oil futures eased on Tuesday, tracking a slump in crude and rival soyoil, while expectations of higher production amid slowing exports further pulled down trader sentiment.
CPO futures end lower on March 28, tracking weaker CBOT soybean oil prices
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Monday (March 28), tracking the weaker Chicago Board of Trade soybean oil prices, said a dealer.
Food producers reversing palm oil ban amid shortage of sunflower oil
The sudden shortage of sunflower oil supply has forced food producers to reverse their ban on palm oil and return to this vegetable oil as their frying fat and food ingredients
Palm falls as crude prices slump, March exports weaken
Malaysian palm oil futures slipped on Monday, hurt by a slump in crude prices after China announced a nine-day lockdown in Shanghai to carry out COVID-19 testing, while weaker March exports also weighed on sentiment.
The party backing President Joko Widodo is urging Indonesians to start boiling, steaming and roasting food instead of frying them as the price of edible oil surges.
MPOB strategises to accelerate palm oil sector’s growth
The Malaysian Palm Oil Board (MPOB) is working towards implementing strategies across five thrusts in line with the National Agricommodity Policy 2021-2030 (DAKN 2030) to accelerate the palm oil sector’s growth.
Palm oil and palm-based products' export revenue to rise to RM110 bil in 2022, says MPOB
The export revenue of palm oil and other palm-based products is expected to improve by 1.4% to RM110 billion this year from RM108.52 billion in 2021, the Malaysian Palm Oil Board (MPOB) said.
