Rasheed Janmohd News Today

By Rajendra Jadhav MUMBAI (Reuters) - The rebound in palm oil prices is likely to be capped by abundant supplies of rival soyoil and sunflower oil, ...

The rebound in palm oil prices is likely to be capped by abundant supplies of rival soy oil and sunflower oil.

The rebound in palm oil prices is likely to be capped by abundant supplies of rival soyoil and sunflower oil, "soft" oils that are available at discounts to tropical palm oil for the first time in more than a year. Benchmark Malaysian palm oil futures have risen nearly 5% in 2024 after losing 11% last year. Soft oils production is rising while palm oil production is falling, driving divergent price trends, said Vipin Gupta, chief executive officer of Dubai-based trader Glentech Group...

Long lines of trucks trying to unload palm fruit formed outside Indonesian processing mills this week, illustrating the growing cost of a palm oil export ban by the world's biggest producer.

Indonesia produces around 4 million tonnes of palm oil every month and consumes around 1.5 million tonnes.

MUMBAI—Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia's surprise palm ...

Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia’s surprise palm oil export ban forced buyers to seek alternatives, already in short supply due to adverse weather and Russia’s invasion of Ukraine. The move by the world’s biggest palm oil producer to ban exports from Thursday will lift ...

Expert says every country will suffer as world’s biggest palm oil producer bans exports of commodity used in food, cosmetics and cleaning products

Stocks of edible oil manufacturers zoomed in early trade today after Indonesia, the world's largest exporter of palm oil, announced a ban on its export from April 28. The ban on palm oil exports by Indonesia will push the prices of edible oils higher, which have already been on the boil due to the ongoing Russia-Ukraine war.

By Bernadette Christina and Rajendra Jadhav JAKARTA/MUMBAI -Indonesia's ban on palm oil exports is unlikely to last more than a month as Jakarta has