Edible Oil News in English Archives - Page 12 of 233

Malaysia raises palm oil export duty to 10%

Malaysia has raised its crude palm oil reference price to RM4,521.89/tonne for May, triggering the maximum 10% export duty. The move reflects...

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India ramps up rapeseed processing amid rising prices

India’s rapeseed prices surged 9% in March, defying seasonal trends, driven by strong global vegetable oil demand and booming meal exports—especially to...

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Bangladesh : No immediate hike in edible oil prices

Bangladesh has rejected a proposed hike in soybean oil prices to protect consumers amid global volatility. Despite stable official rates, market shortages...

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India’s March palm oil imports fall 19% to three-month low

India’s palm oil imports fell 19% in March to a three-month low as high global prices discouraged buying. Overall edible oil imports...

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Nigeria : Federal Government slashes import tariffs on palm oil by 17%

The government has cut import tariffs on crude palm oil and key food items under its 2026 fiscal policy to ease inflation...

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Iran ceasefire shifts soybean market focus to Brazil and rising global supply

Soybean markets remained relatively stable despite a sharp drop in oil and vegetable oil prices after the Iran ceasefire. Strong fundamentals, including...

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USDA slightly raised its forecast for global oilseed production, so prices remain under pressure from increased supply

Global oilseed production for 2025/26 is forecast at 698.2 million tonnes, with gains in sunflower and soybean output. Higher soybean consumption and...

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Bangladesh : Edible oil crisis emerges as refiners demand price hike

Edible oil shortages in Bangladesh have worsened amid alleged hoarding and price manipulation by traders. Despite government price caps, soybean and palm...

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