Archived News

China plans to boost its soybean production capability and also seek a high volume of imports to meet the country's domestic demand, agriculture and rural affairs officials said on Wednesday

U.S. President Donald Trump’s trade war with China has roiled agricultural markets and given the world’s top grain merchants the one thing they have long claimed was essential to turn a trading profit: volatility.

Its net profit in the second quarter fell 68% to RM196mil from RM596mil a year ago due to lower operating profit and a net foreign currency translation loss on foreign currency-denominated borrowings and deposits.

An index of stocks across the globe hit a more than four-month high on Wednesday on hopes for progress in trade talks between the United States and China, and a supportive backdrop from major central banks also helped push risk assets higher

The FBM KLCI put up strong gains in yesterday’s trading session, rising 19.62 points or 1.15% to 1,726.18 points by the end of the day, recording its third day of gains

Malaysian palm oil futures reversed earlier gains to fall over 1pc in evening trade on Tuesday, as output declines remained slower than in previous years and stocks in key buying markets stayed high.

Malaysian palm oil futures edged higher on Wednesday, supported by firm cargo surveyor export data for the first 20 days of this month although higher-than-expected production weighed on the market.

Indonesian President Joko Widodo and his challenger in this year’s election, Prabowo Subianto, have both vowed to increase the use of palm oil in biofuels to achieve energy self-sufficiency

French President Emmanuel Macron will respond to Prime Minister (PM) Tun Dr Mahathir Mohamad’s letter on the proposed ban on palm oil in biofuels, according to French ambassador to Malaysia Frederic Laplanche.

Latest figures indicate that 49 out of the 55 African Union (AU) member states have signed a Continental Free Trade Area (AfCFTA) agreement

China will survive and grow and become an Asian powerhouse. So don’t worry corporate America and global money managers: China is not going to roll over

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Feb 20