Category Archives: News

India edible oil imports decline in June but to rebound strongly in July as shipments are deferred and prices cool

  India’s total edible oil imports fell 17% in June to 969,431 tons versus the same time last year according to India SEA latest data. Escalating palm product prices, widening lockdown measures curbing consumer demand, and deferment in shipment to July as traders take advantage of the reduction import tax—combined to weigh down on import

Indonesia palm oil end-month stock plummets to more than 2 year low in May

Indonesia’s palm oil end-month stock fell for the seventh successive month in May erasing 7.65% to 2.884 million tons compared to the previous month reaching the lowest in 26 months after exports rebounded rising by 12% to 2.952 million tons. Strong shipment of processed palm products, both liquids and fractions boosted the overall rise. In

USDA July – Malaysia palm production for 2020-21 slashed to 18.20 million tons

  Malaysia marketing year (MY) 2020/21 CPO production estimate was pegged at 18.2 million tons, down 2% from the previous report and down 6% from MY 2019/20. Persistent rainfall negatively impacted monthly output and yields as workers ability to harvest been limited – according to the latest USDA July report. The report also cited the