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CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
War in Ukraine Sparks Global Scramble for Sunflower Oil
08/04/2022 (The Bangkok Post) - Russia's invasion of Ukraine has sparked a global shortage of sunflower oil that has in turn pushed prices of other edible oils to record highs, hitting food makers and consumers already grappling with inflation.
Minister asks private sector to commit to cooking oil provision
09/04/2022 (Antara News), Jakarta - State-Owned Enterprises (SOEs) Minister Erick Thohir has asked the private sector to fully commit to providing cooking oil to the people.
Oman Oil signs agreement to introduce biodiesel
10/04/2022 (Zawya) - Oman Oil Marketing Company (OOMCO) and Wakud International LLC (Wakud) have signed an agreement to introduce Biodiesel blends to Oman. The two companies will explore the potential of selling different blends of Biodiesel to customers in the Commercial and Marine segments.
Palm oil stock likely grew 2.8% at end-March
07/04/2022 (The Star Online), Petaling Jaya - Malaysia’s palm oil inventory grew 2.8% month-on-month (m-o-m) to 1.56 million tonnes at end-March due to higher output, estimates CGS-CIMB Research.
Malaysia’s palm oil can benefit from Ukraine-Russia crisis
THE Ukraine-Russia crisis can restore and increase Malaysia’s palm oil exports as well as expand to new markets.
Malaysia’s end-March palm oil stocks seen edging up on rising production: survey
Malaysia's palm oil production is expected to have risen by 17% on the month to 1.34 million mt in March pushing month-end stocks higher, a S&P Global Commodity Insights survey showed April 7.
Explained: Indonesia’s palm oil crisis
The world’s largest producer and exporter of palm oil is facing domestic shortages, leading to price controls and export curbs. What explains this situation, and what are the implications for India?
MPIC wants to form business venture with Pakistan
THE Ministry of Plantation Industries and Commodities (MPIC) has invited businesses in Pakistan to enter into more joint ventures with Malaysia, mainly in the development of downstream products.
India’s import bill for edible oil likely to jump by $2 billion
India has contracted 45,000 tonne of sunflower oil from Russia and another 20,000 tonnes of sunflower from Argentina for the current month at $2100 per tonne. The ongoing conflict between Russia and Ukraine has pushed up edible oil prices sharply in the March quarter.
