Stay updated with breaking news from Transgraph Consulting. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top vegetable oil buyer India’s palm oil imports rose 22% on the year to 454,794 mt in February but were lower on the month as price-sensitive buyers scaled back purchases amid high international prices, data from the Solvent Extractors’ Association showed March 14. Port stocks as of end-February dipped to their lowest since May 2021 ...
Stronger-than-expected exports, along with a dip in production, pushed Malaysia’s palm oil stocks lower by end January, the country’s official industry body Malaysian Palm Oil Board, or MPOB, said Feb. 10. Palm oil ending stocks at the commodity’s second-largest producer and exporter fell to 1.55 million mt at the end of January, down 3.9% from ...
Crude palm oil futures rose as high as 4% on the Malaysian commodities exchange on Jan. 3, driven by concerns that heavy rains across seven states in Malaysia may slow palm oil production at the world’s second largest producer. March CPO futures on the Bursa Malaysia Derivatives exchange closed 3.34% higher at MR 4,854/mt ($1,160.97) ...
Malaysia’s November palm oil exports rose 3.3% on the month to 1.47 million mt, missing market expectations of a double-digit growth, data released by the Malaysian Palm Oil Board showed Dec. 10. November exports diverged from major market surveys, which pointed to growth of over 10%. A median estimate of seven industry watchers in a ...
Lower palm oil output in November by world’s second largest producer Malaysia, along with higher exports likely pushed the country’s palm oil stockpile below 1.80 million mt, a S&P Global Platts survey showed. End-November palm oil stocks were seen at 1.78 million mt, down 3.2% from 1.83 million mt a month before, a median estimate ...