EdibleOils

Adani Group Secures $833 Million by Exiting Joint Venture with Wilmar

3 months ago

The Adani Group, one of India's largest conglomerates, has announced plans to bolster its finances by raising $833 million through the strategic exit from its joint venture (JV) with Wilmar International, a prominent player in the agribusiness sector. This decision comes amid broader strategic adjustments within the Adani Group as it maneuvers through the complexities of the global business landscape.

Palm Oil Prices Tumble Amid Weaker Soybean Oil and Profit Bookings Following Rally

6 months ago

Palm oil futures have recently taken a downward turn, driven primarily by weakening soybean oil prices and profit booking activities following a substantial rally. This decline represents a significant shift after a period of upward momentum in the market. The futures dropped as traders moved to capitalize on recent gains, influenced in part by changes in related commodity markets.