Palm oil

Malaysia's palm oil stocks hit 4-month low in July as exports surge

The fall in stocks in Malaysia, the world's second-largest palm oil producer after Indonesia, would support benchmark futures <FCPOc3>, which are trading near their lowest level in seven months.

WTO panel rules in EU's favour in Malaysia palm oil dispute

The WTO ruling has been three years in the making after Malaysia, the world's second-largest producer of palm oil after Indonesia, initiated the case in 2021

Loose soybean oil sales banned from Aug 1

Consumers’ right body DG says at ERF event

Indonesia, Malaysia aim to fight 'discrimination' against palm oil

Indonesian President Joko Widodo on Thursday called for better collaboration with neighbouring Malaysia to fight what he called "discrimination" against their countries' palm oil products, as a new European Union law threatens to dent exports of the commodity.

5% VAT on edible oil extended to Dec 31

The government today extended the reduced 5 per cent value-added tax on edible oil for another three months to continue the relief for consumers from the indirect tax burden.

Indonesia trimming palm oil stocks with discounts, India sales

Indonesian palm oil producers are whittling down their hefty inventory overhang with discounts versus rivals and aggressive sales to India, where demand is picking up for next month's Diwali festival, industry officials said.

Edible oil: Prices drop in global markets, not at home

Even though prices of loose palm and soybean oil have dropped in wholesale markets, consumers are not being able to reap the benefits as retailers are still selling those at the government-fixed prices.

Increased mustard oil production: A solution to edible oil crisis

There is a huge hue and cry about the recent unprecedented price hike of soybean oil.

Over 92,000 litres of edible oil seized in Rajshahi

Police in a raid seized 92,616 litres of edible oil illegally stored at four warehouses and a truck at Baneshwar Bazar of Rajshahi's Puthia upazila today (May 10, 2022).

August 12, 2024
August 12, 2024

Malaysia's palm oil stocks hit 4-month low in July as exports surge

The fall in stocks in Malaysia, the world's second-largest palm oil producer after Indonesia, would support benchmark futures <FCPOc3>, which are trading near their lowest level in seven months.

March 6, 2024
March 6, 2024

WTO panel rules in EU's favour in Malaysia palm oil dispute

The WTO ruling has been three years in the making after Malaysia, the world's second-largest producer of palm oil after Indonesia, initiated the case in 2021

July 26, 2023
July 26, 2023

Loose soybean oil sales banned from Aug 1

Consumers’ right body DG says at ERF event

June 8, 2023
June 8, 2023

Indonesia, Malaysia aim to fight 'discrimination' against palm oil

Indonesian President Joko Widodo on Thursday called for better collaboration with neighbouring Malaysia to fight what he called "discrimination" against their countries' palm oil products, as a new European Union law threatens to dent exports of the commodity.

October 6, 2022
October 6, 2022

5% VAT on edible oil extended to Dec 31

The government today extended the reduced 5 per cent value-added tax on edible oil for another three months to continue the relief for consumers from the indirect tax burden.

September 20, 2022
September 20, 2022

Indonesia trimming palm oil stocks with discounts, India sales

Indonesian palm oil producers are whittling down their hefty inventory overhang with discounts versus rivals and aggressive sales to India, where demand is picking up for next month's Diwali festival, industry officials said.

June 5, 2022
June 5, 2022

Edible oil: Prices drop in global markets, not at home

Even though prices of loose palm and soybean oil have dropped in wholesale markets, consumers are not being able to reap the benefits as retailers are still selling those at the government-fixed prices.

May 20, 2022
May 20, 2022

Increased mustard oil production: A solution to edible oil crisis

There is a huge hue and cry about the recent unprecedented price hike of soybean oil.

May 10, 2022
May 10, 2022

Over 92,000 litres of edible oil seized in Rajshahi

Police in a raid seized 92,616 litres of edible oil illegally stored at four warehouses and a truck at Baneshwar Bazar of Rajshahi's Puthia upazila today (May 10, 2022).

May 10, 2022
May 10, 2022

Refiners to find out if any dealer is involved in oil crisis

The Bangladesh Vegetable Oil Refiners & Vanaspati Manufacturers Association today said it will take action against the dealers if their involvement is found in creating an edible oil crisis.