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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
Traders raise soya bean oil price again
Traders raised the price of edible oil again taking the price of one litre packaged soya bean oil to Tk 180 in different city markets on Monday, despite the government’s assurance that the price of the commodity would not rise until Eid-ul-Fitr in May.
Russia-Ukraine conflict hits sunflower oil imports; industry weighs options in other countries
The supply of sunflower oil has been disrupted because of the Russia Ukraine conflict, Industry body is exploring all options to get edible oils from other countries to maintain domestic supply chain
Soybean prices rise as drought in South America reduces harvest
Brazil, Argentina, and Paraguay, which account for more than half of the world’s soybean supply, are expecting smaller harvests this crop season. Major agricultural agencies and consultancies have already slashed their forecasts for the soybean output in 2021-22 as a result of severe drought since November.
As Ukraine war puts stress on sunflower oil export pipeline, experts see a big opportunity for Punjab
With the ongoing war between Russia and Ukraine, the import of sunflower oil to India is also likely to take a hit. India imports around 70% of its total import of sunflower edible oil from Ukraine and around 20% from Russia. Meanwhile, India’s own sunflower production has been stagnant for the past few years at around 60,000 tonnes (2019-20), which is grown on around 2.40 hectares.
VEGOILS-Palm oil hits record high as Russia-Ukraine crisis disrupts supply
KUALA LUMPUR, March 1 (Reuters) - Malaysian palm oil futures jumped over 3% to a record peak on Tuesday, as Russia's invasion of Ukraine disrupted supply of sunflower oil, grains, and crude, sending prices of global commodities into an upward spiral.
Palm oil to get support from conflict-induced supply disruptions
THE Ukraine-Russia conflict is set to help keep crude palm oil (CPO) prices at historic highs for a longer period as the edible oil market faces a sharper squeeze while the price trends attract more directional trading interest.
Palm oil hits RM6,000 a tonne following Ukraine crisis
KUALA LUMPUR: Malaysia, a net exporter of crude oil and the world’s No. 2 palm oil producer, stands to benefit from the record-smashing gains in global commodity markets sparked by Russia’s invasion of Ukraine, say analysts.
India can play critical role in promoting sustainable palm oil: Experts
New Delhi, February 25, 2022: With the ever-increasing population and the government’s leading role in expanding sustainable palm oil farming domestically, India could lead the way in ensuring the sustainable production and consumption of palm oil. Oil palm is more efficient, uses less land, needs fewer pesticides, and less fertilizer and has the potential to help with the food security factor for a populous country like India. These are some of the insights presented at a virtual panel discussion on the theme, ‘Sustainable Palm Oil and its Role in Ensuring Food Security in India’, organised by the Council of Palm Oil Producing Countries (CPOPC) in collaboration with Hindustan Times, on February 22nd.
Russia's Ukraine attack likely to hit Malaysia with price increases
KUALA LUMPUR: Prices of certain goods in Malaysia will record a significant increase should there be no intervention from the government, following the ongoing conflict between Russia and Ukraine.
