Page 2 - Palm Oil Prices

Global edible oil markets simmer over shocking Indonesian ban on palm oil

Indonesia's ban on palm oil exports shocked global edible oils markets that already reached record high prices this year, and sparked alarm among major importers of the cooking medium.

Analysts see more pain ahead for FMCG stocks amid rising input costs

Instead of a recovery in gross margins in fiscal 2022-23 (FY23), Jefferies now builds-in 50-200 basis point (bps) YoY decline, assuming crude stays closer to $100 a barrel and palm oil at $1,500/MT

Palm oil becomes costliest vegoil as Ukraine war halts sunoil supply

Palm oil's record premium over rival oils could squeeze price-sensitive Asian and African consumers already reeling from spiralling fuel and food costs, and force them to curtail consumption and shift

India's series of interventions arrest domestic spike in palm oil prices

Widely used in edible oil blending, cosmetics, processed food products, palm oil's prices on Bursa Malaysia Derivatives is considered to be the global benchmark among trade circles

Govt slashes import duty on refined palm oil to 12.5% to cool retail prices

The government has reduced the basic customs duty on refined palm oil to 12.5 per cent from 17.5 per cent till March next year to boost supplies and bring down rates in domestic retail markets

Duty cut lifts India's palm oil imports in Sept to a record 1.4 mn tonnes

Higher purchases by India, the world's biggest buyer of vegetable oils, could support palm oil prices that are trading near a record high hit earlier this week.

Palm oil prices fall most in nearly a month due to technical selling

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market

Palm oil demand will be limited if prices continue to rise: Report

If it does, benchmark palm oil prices are likely to jump to as high as 4,000 ringgit per tonne in January

Indian edible oil refiners trim palm oil imports to make space for soyoil

Refiners have been slashing palm oil imports for winter

Need long-term policy to boost oil palm cultivation, reduce imports: OPDPA

India is heavily dependent on imported edible oils. Of the total 15 million tonnes of import, about 9 million tonnes (or nearly 60 per cent) is of palm oils

Better Malaysia's relationship with India may boost crude palm oil prices

The newly appointed MPOB Chairman Ahmad Jazlan Yaakub said in a statement the rally will come as a relief to industry participants

India resumes purchases of Malaysian palm oil as relations improve: Report

A restart to buying by India, the world's biggest edible oil importer, could further support Malaysian palm oil prices, which have edged up from 10-month lows in recent days

Malaysia says palm oil dispute with India is 'temporary', will be resolved

Last month, India restricted imports of refined palm oil and asked importers to avoid purchases from Malaysia after its criticism of India's actions in Kashmir and a new citizenship law

Promote oilseed production

Curbs on Malaysian palm oil import present a good opportunity

Experts see dip in palm oil imports from one-year high as prices jump

The first decline in three months of growing purchases by India, the world's biggest importer, may boost inventories in top producers Indonesia and Malaysia

Malaysia offers to increase imports from India after palm oil curbs threat

Malaysia is the world's second largest producer and exporter of palm oil after Indonesia, and the edible oil contributed to 2.8% of its gross domestic product last year

Palm oil hits fresh 6-month high on lower output forecast

Data released by a state millers association earlier this week showed slower output growth for the first 20 days of August compared with a month earlier

India probes impact of high refined palm oil imports on domestic sector

Malaysian exports of refined palm oil to India, the world's biggest importer of edible oils, jumped 727% in the first half of 2019 to 1.57 million tonnes compared with the same period a year before

Palm rises to highest in five months on weaker ringgit, stronger soyoil

Although the market was earlier down, another futures trader had said it could firm up as palm oil export data so far showed rising demand

Palm oil up 3% on uptick in demand

Oil for delivery in this month gained Rs 16.30, or 2.99%