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India’s edible oil imports likely to recover in June, say, industry experts
NEW DELHI (June 2): India’s edible oil imports are likely to recover in June after a sharp drop during a nationwide lockdown to contain Covid-19 in April and May, according to industry experts. India is expected to buy 1.14 million tonnes of vegetable oils this month compared with the average ...
India’s vegoil imports could jump from June, trade body says
MUMBAI (Reuters) – India’s vegetable oil imports are likely to surge from June onwards as New Delhi eases coronavirus curbs, the head of a trading body said on Monday. The south Asian country is the world’s biggest importer of edible oils and higher purchases could support Malaysian palm oil p...
Palm oil prices scale near two-month high as May exports rise
KUALA LUMPUR: Malaysian palm oil futures rose to their highest level in nearly two months on Monday, supported by a rise in May exports and optimism over a recovery in demand. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange rose 39 ringgit, or 1.7 per c...
Malaysia’s CPO price may stay higher if exports to India are maintained
KUALA LUMPUR (May 29): Malaysia’s crude palm oil (CPO) futures benchmark price may trade higher in June and July at RM2,400 per tonne if the world’s second largest edible oil producer maintains its higher export figures, including its export to India, Palm Oil Analytics owner and co-founder Dr Sathi...
Small oil palm farmers face survival crisis in risk to future output
KUALA LUMPUR: When Shell engineer Incham Serdin quit his job four years ago to start a small palm plantation in his native Malaysia, prices of the fleshy fruit bunches used to make the world’s most-consumed vegetable oil were bubbling near their peak. But prices have since halved for smallhold...
KLCI rises as Bursa scores record-high volume at 11.21 billion securities
KUALA LUMPUR (May 18): The FBM KLCI finished up 6.72 points or 0.48% at 1,410.16 today as trade volume across Bursa Malaysia rose to another record high in less than a week at 11.21 billion securities. Trade volume rose as higher crude oil prices led to heavy trading of shares in Bursa Malaysia-list...
