Festival of Lights brightens future of palm oil


Inbound shipments could rise to as much as 725,000 tonnes this month as traders and refiners replenish stockpiles to meet rising demand, according to G G Patel, managing partner of GGN Research.

KUALA LUMPUR: Palm oil purchases by India, the biggest importer from Malaysia, are likely to climb in October from a three-month low as Deepavali, the Hindu festival of lights, drives up demand for the world’s most-consumed vegetable oil.

Inbound shipments could rise to as much as 725,000 tonnes this month as traders and refiners replenish stockpiles to meet rising demand, according to G G Patel, managing partner of GGN Research.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
palm oil , festival of lights , GGN Research , demand , India , China ,

Next In Business News

Trading ideas: IJM, Affin, Kerjaya, Cypark, Sunview, TNB, Nextgreen, EG, PTT, TSR Capital, Kee Ming, T7, Kenyalang
Record megadeals set the pace for global M&A gains
Canada mulls expanding bank services in China
Stronger hiring likely to ease Fed job market worries
Food sector in a pickle
Empire Premium’s rise under scrutiny
Vietnam growth slows as Middle East energy soars
Sunway offers superior path for IJM
The Week Ahead
Farm Fresh braces for higher input costs

Others Also Read