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MANILA, Philippines — Malaysian and Philippine private sector groups signed a joint agreement at the heels of President Ferdinand Marcos Jr.’s state visit to explore joint agricultural development.

KUALA LUMPUR, July 27 — The initiatives under the Madani Economy announced by Prime Minister Datuk Seri Anwar Ibrahim today are capable of boosting the economy and improving the country’s gross domestic product (GDP), Deputy Prime Minister Datuk Seri Fadillah Yusof said.

26/07/2023 (The Borneo Post), Kuala Lumpur - The accession of the United Kingdom to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), improved labour conditions and a softer ringgit are expected to be the catalysts for the palm oil sector to be fruitful in the second half of 2023 (2H 2023).

26/07/2023 (Nasdaq), Singapore - Malaysian palm oil futures dipped on Wednesday, extending losses for a second consecutive session and paring earlier gains as a stronger Malaysian ringgit and weaker U.S. soybean oil weighed.

26/07/2023 (Nasdaq), Singapore - Malaysian palm oil futures rose on Wednesday, tracking gains in rival vegetable oils and on strong export data.

26/07/2023 (Live Mint), New Delhi - Minister of state for consumer affairs, food and public distribution Sadhvi Niranjan Jyoti on Wednesday said prices of refined sunflower oil, refined soybean oil, and RBD palm olein have declined significantly over the past year, bringing much-needed respite to consumers amid economic challenges.

26/07/2023 (Economic Times) - The retail prices of refined sunflower oil, refined soyabean oil and refined palmolien have fallen by 29 per cent, 19 per cent and 25 per cent, respectively, in the last one year due to steps taken by the central government and a decline in global prices. In a written reply to the Lok Sabha, Minister of State for Food and Consumer Affairs Sadhvi Niranjan Jyoti said the central government is "closely monitoring the domestic retail prices of edible oils to ensure that the full benefits of a decrease in international prices are passed on to the end consumers".

25/07/2023 (Business Recorder), Singapore - Malaysian palm oil futures fell on Tuesday, as traders locked in profits after prices rallied to a 4-1/2-month high in the prior session on Russia’s attacks on Ukrainian grain warehouses.

25/07/2023 (Nasdaq), Mumbai - India's July edible oil imports were set to jump to a record 1.86 million metric tons, nearly 60% more than normal, as refiners raised purchases to build stocks for festivals amid uncertainty over supplies from the Black Sea, dealers and cargo surveyors said on Tuesday.

25/07/2023 (Packaging South Asia) - In stories dated 21 July 2023, several financial print media reported that Adani Wilmar had filed an FIR through its agency against the B2B platform ‘Jumbotail’ for alleged distribution of counterfeit products on the platform. The edible oil major apparently discovered the malpractice during a routine market survey. In a statement, Adani Wilmar said it had filed the police complaint in the Badalpur police station in Gautam Budhnagar district, Uttar Pradesh against the B2B platform.

25/07/2023 (Prothom Alo) - Prime Minister Sheikh Hasina has requested support from the International Fund of Agricultural Development (IFAD) to enhance wheat and edible oil production in Bangladesh, UNB reports.

25/07/2023 (China Dialogue) - The palm oil cooperative Hondupalma stands as a beacon of hope against a backdrop of violence in Honduras, according to several people involved with the company. By bringing together over 600 small landowners, all of whom are partners in the company, Hondupalma defies the prevalent model of large family-owned palm oil companies, they explain, adding that it also empowers communities.