Article Related To palm-oil-prices

The surprising drop in palm oil imports by India, the world's biggest importer of vegetable oils, could bring down palm oil prices.

The rise in palm oil imports by India, could help Malaysia lower its stocks and support palm oil prices, the traders said.

Higher exports and lower production would help major palm oil producers Indonesia and Malaysia bring down inventories.

The seedlings shortfall could slow plantation, capping production growth and keeping palm oil prices elevated, industry officials said.

The Special Task Force on Jihad Against Inflation is targeting a 10 per cent decrease in the price of cooking oil within the next two weeks following the drop in palm oil prices.

Higher purchases by India may add support for Malaysian palm oil prices, which are trading near a one-year low.

The increase in palm oil prices in the plantation sector has attracted workers from other sectors, said Senior Works Minister Datuk Seri Fadillah Yusof.

The better performance was due to improvements in all business sectors and was boosted by higher crude palm oil prices.

The increase in demand has been coming from India, which needs palm oil from Malaysia to support its biodiesel industry.

The Malaysian rubber market is likely to be mixed next week, influenced by the lower crude palm oil prices.

Malaysian conglomerate Sime Darby said Wednesday that its net profit fell for the third time in a row with a drop of 35.7 percent in the second quarter on the back of lower crude palm oil prices.

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