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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
The wonders of Palm oil
Oil palm is known as a wonder tree in so many places, not a single one of its products is wasted.
Malaysia, Indonesia palm oil trade to benefit from world economic growth — MPOC
Malaysia and Indonesia will be the focus of international oils and fats trade this year, supported by the projection of a 4% world economic growth and higher demand for vegetable oils, said the Malaysian Palm Oil Council (MPOC).
Roundup: Uganda urges public to remain calm as crises drive up commodity prices
27/03/2022 (Xinhua) - Multiple international crises are pushing up commodity prices in Uganda, causing discomfort among the public, the country's ministry of finance has said.
Indonesian police take lead in monitoring cooking oil supplies
27/03/2022 (New Straits Times) - THE INDONESIAN police will take the lead in monitoring the supply of cooking oil, to ensure the commodity remains adequate for consumers ahead of Ramadan.
Cooking oil, ghee prices close to Rs500
26/03/2022 (Dawn), Karachi - As Finance Minister Shaukat Tarin on Friday approved a 10 per cent tax cut on the import of edible oil for April and May, the prices of ghee and cooking oil have already reached close to Rs500 per kg/litre ahead of Ramazan due to soaring palm oil rates and rupee devaluation against the dollar.
Govt asked to check influx of cheap Iranian cooking oil
26/03/2022 (Dawn), Karachi - Producers have warned that the flooding of cheap smuggled Iranian cooking oil is not only affecting the market share of the local edible oil industry but also causing revenue losses to the exchequer.
Indonesia’s Policy to Increase Palm Oil Export Tariffs in the midst of Global Food Oil Crisis
27/03/2022 (Modern Diplomacy) - It is too early to state that Indonesia will not increase the tariff for palm oil because in Indonesia, food oil or palm oil are still in the short supply. Many Indonesian people complained to the government because the price of palm oil or food oil has increased from December 2021 to January 2022. In March 2022, the price of Indonesian palm oil decreased, but from a procurement perspective, there was a shortage. The following table is the increasing price of food oil in Indonesia.
Commodities sector plays major role in national road to recovery
28/03/2022 (The Malaysian Reserve) - AS WE are all well aware, our nation is on the road to recovery following the devastating impacts of the Covid-19 pandemic, which not only claimed many lives, but also battered our economy.
Indonesia palm oil production to rise, USDA attache says
25/03/2022 (Grain News) - There’s to be a small increase in palm oil production in Indonesia in 2022-23, according the U.S. Department of Agriculture’s attaché in Jakarta.
