Edible Oil News in English Archives - Page 2 of 164

Nigeria’s top palm oil makers’ profit to hit N161bn as prices climb

Nigeria’s palm oil sector is set for record profits in 2025, with Okomu and Presco projected to post N161 billion in combined...

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Edible oil imports decline by 8.78% in the first 8 months of current oil year

India's edible oil imports fell 8.78% to 92.08 lakh tonnes in Nov–June 2024–25 due to lower palm and sunflower oil imports. Soybean...

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Palm rises on stronger rival oils, set for second weekly gain

**JAKARTA:** Malaysian palm oil futures rose 0.89% to 4,183 ringgit/ton on Friday, marking a second consecutive weekly gain. Gains in Dalian edible...

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Myanmar : CBM sells $1.5M to edible oil-importing companies

The Central Bank of Myanmar (CBM) continues active foreign currency intervention to stabilize the exchange rate. On July 10, CBM sold over...

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Edible oil body SEA urges govt to allow coconut oil imports amid price surge

The Solvent Extractors Association (SEA) has urged the government to permit short-term imports of coconut oil and copra for 6–12 months to...

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Malaysian palm oil futures extend gains on stronger Dalian oils

Malaysian palm oil futures rose for a third straight session on Wednesday, hitting a near three-month high. The September contract closed 0.27%...

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Centre plans to make registration mandatory for vegetable oil units

Amid rising edible oil prices, the government has proposed changes to the 2011 Vegetable Oil Products, Production and Availability (Regulation) Order. The...

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Govt seeks public input on draft order to regulate vegetable oil industry

The Union Food Ministry’s draft 2025 Vegetable Oil Products, Production and Availability (VOPPA) Regulation Order aims to modernize the outdated 2011 rules....