Archived News
09-12-2014
Government to Require Letters of Credit in Exports Again to Manage Earnings
09/12/2014 (Jakarta Post) - The government plans to require the use of letters of credit (L/C) in exports, in a move that may see the country’s export earnings better managed and may strengthen foreign exchange (forex) reserves.
09-12-2014
Global Environment Facility Wants to Coordinate Green Supply Chains
09/12/2014 (Reuters) - The Global Environment Facility, which has provided $13.5 billion in grants to developing nations since 1991, wants a wider role in protecting nature by tightening commodity supply chains from farmers to consumers.
09-12-2014
Deforestation Cuts Into Climate Change Goals
09/12/2014 (Thomson Reuters Foundation) - Mines, palm oil plantations, large farms and mining projects are contributing to an alarming pace of forest destruction, a new report has found, hampering efforts to curb global warming.
09-12-2014
FIC Vegetable Oil Labelling Rules Have Not Led to Mass Reformulation, Says EPOA
09/12/2014 (FoodNavigator.com) - The Food Information for Consumers (FIC) regulation is due to come into force across the EU on December 13, and with it a requirement to identify specific vegetable oils on ingredient lists. Currently food manufacturers can either list the particular oil – rapeseed, sunflower, soy, etc. – or they can use the generic term ‘vegetable oil’.
09-12-2014
Export Decline to Put Pressure on Ringgit
09/12/2014 (Business Times) - MIDF Investment Research (MIDF Research) says a lower trade surplus recorded by Malaysia in October, due to a stronger-than-expected decline in exports, will put pressure on the ringgit.
09-12-2014
Shipping Activity at Port Qasim
09/12/2014 (Business Recorder) - Three ships C.V MSC Freedom, C.V Posen and M.T Bahrain Vision carrying containers and chemicals were allotted berths at Qasim international Container Terminal and Engro Vopak Terminal respectively at Port Qasim during last 24 hours.
08-12-2014
Crude Palm Oil Weekly Report – December 6, 2014
08/12/2014 (Borneo Post) - Malaysian palm oil futures climbed marginally higher on Friday to 2,173, due to a weakening ringgit.
08-12-2014
No Vested Intest in Deal
08/12/2014 (Borneo Post) - Human Resources Minister Datuk Seri Richard Riot denies having any personal interest in any deals to bring in 12,000 Bangladeshi workers to Sarawak.
08-12-2014
PZ Wilmar Invests $650M in Oil Palm Estates
08/12/2014 (The Nation) - Efforts by Nigeria to reclaim its lost glory as the number one producer and exporter of palm oil and other palm produce in the world which she lost to Malaysia when crude oil was discovered in Nigeria may soon be realised. This will be made more possible as international companies are taking keen interest in the agricultural sector of the nation’s economy.
08-12-2014
Malaysia Posts Trade Surplus Of RM62.83 Billion For Jan-Oct 2014
08/12/2014 (Bernama) - Malaysia recorded a trade surplus of RM62.83 billion for the first 10 months of 2014, with total trade expanding 6.6 per cent to RM1.21 trillion from the corresponding period in 2013, said the Ministry of International Trade and Industry (MITI)
08-12-2014
Rotterdam Vegetable Oil Prices
08/12/2014 (Reuters) - Friday's Rotterdam vegetable oil prices at 1700 GMT.
08-12-2014
Oilmeal Exports Down 45% on Poor Overseas Demand
08/12/2014 (Business Standard) - India’s oilmeal exports fell 45 per cent between April and November this year. Data compiled by the apex trade body, Solvent Extractors’ Association (SEA), showed India’s oilmeal exports at 1.42 million tonnes (mt) during the period, as compared to 2.6 mt in the corresponding period last year. Shipment of soybean meal fell sharply to 0.25 mt in the first eight months of the current financial year compared with 1.60 mt in the corresponding period last year.