Archived News
19-02-2019
Malaysian palm oil price gains on stronger related oils, weaker output
Malaysian palm oil futures edged higher during Monday trade, charting a second session of gains in three days, bolstered by strength in related edible oils and expected weaker output.
19-02-2019
Tanzanian gov't to spend 4.3 mln USD for oil palm farming
Tanzania has set aside 4.3 million U.S. dollars to boost cultivation of oil palm as part of its strategy to end importation of edible oils, Prime Minister Kassim Majaliwa said on Monday.
19-02-2019
Trade War Heats Up as EU Vows to Retaliate on U.S. Auto Tariffs
The European Union vowed prompt retaliation if the U.S. follows through on a threat to impose tariffs on imported vehicles, as trans-Atlantic trade tensions showed no signs of easing.
19-02-2019
Malaysian palm oil prices seen steady in 2019 — MPOC
Malaysian palm oil prices are set to hold steady in 2019 at an average of RM2,303 (US$565) a tonne, according to estimates by the Malaysian Palm Oil Council (MPOC), while global output of the tropical oil is expected to rise by 3 million tonnes
19-02-2019
Malaysia-China trade volume at record high of RM443b
Total trade volume between Malaysia and China reached a record high of US$108.6bil (RM443bil) in 2018, with the number of Chinese visitors into Malaysia increasing 29% to 2.94 million last year.
19-02-2019
EU says UK will struggle to match its free trade deals
The UK will struggle to conclude the same high quality free trade deals as the European Union due to its small size and continuing uncertainty over Brexit, the EU’s agriculture commissioner has said.
19-02-2019
WHO must take some responsibility for anti-palm oil article — MEOA
The Malaysian Estate Owners Association (MEOA) says the World Health Organisation (WHO) must take some responsibility for the publication of a "deeply flawed and biased" anti-palm oil article in the WHO Bulletin last month
19-02-2019
Palm oil firms bring no direct benefits for W Kalimantan: governor
The presence of palm oil companies in West Kalimantan has brought no significant benefits to the locals, instead, its operation has damaged roads in the region, West Kalimantan Governor Suratmidji said.
19-02-2019
India-Argentina relationship: Soybean oil link with the South American nation
Argentina happens to be the main exporter of Soybean oil to the world, hence its relationship with Indian consumers is important for both the economies
19-02-2019
Ringgit climbs on rising oil and trade progress
Ringgit approaches its strongest level in more than six months as Brent crude extends gains and traders applaud signs of progress in US-China trade talks
18-02-2019
Malaysian palm oil/Vegoils: Market factors to watch Monday Feb 18
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Feb 18.
18-02-2019
Malaysia keeps March crude palm oil export duty at 0 pct
Malaysia kept its export duty on crude palm oil for March at zero percent, according to a circular on the Malaysian Palm Oil Board’s website on Monday that cited the national customs department.