Palm oil on the European vegetable oils market firmed on Tuesday in sympathy with gains in Malaysian palm oil futures on concerns over falling production in July. "Holidays at the end of Ramazan could hamper production, which could eventually lead to a lo
To mitigate sufferings of the poor people, National Bank of Pakistan decided to reach out to them by providing ration bags. The bag contains flour, vegetable oil, rice, sugar, tea, milk and spices etc. The bank has distributed around 2,500 bags containing
Palm oil on the European vegetable oils market eased slightly on Monday following falling Malaysian palm oil exports during the first 20 days of July. "A drop of some 15 percent in Malaysian exports compared to the same period last month made Malaysian pa
European palm oil prices were lower on Wednesday as a strong dollar put pressure on the market and new Malaysian export data showed a slowdown in demand for July. Crude palm oil prices were down between $5 and $7.50 a tonne with the August-September posit
Vegetable oil prices rose in Europe on Thursday as forecasts for more heavy rains in the US Midwest sparked a sharp rise in Chicago's soya complex. EU rapeseed oil asking prices were raised by between 6.00 and 13.00 euros a tonne, as CBOT soyaoil prices s
Vegetable oil prices fell in Europe for a third consecutive day as markets continued to be weighed by uncertainty about the sharp decline in China's stock market and the financial crisis in Greece. Dealers said, however, a weaker dollar and rise in Chicag
The Federal Board of Revenue (FBR) has considerably enhanced the quota for ghee and vegetable oil under Duty and Tax Remission for Export (DTRE) scheme for export to Afghanistan and Central Asia from 1000 tons per 90 days to 1000 tons per month. In this r