Archived News

Price of imported palm oil rose unprecedented over 100 percent during the last 14 months due to strict lockdown in major producing countries that hampered the edible oil production and its supplies. The rising trend in prices of imported palm oil is a threat to inflation

ndia had achieved a unique position in the world by adopting the democratic form of the government when its middle class was minuscule and never has been civilian government dislodged by the army. Democracy and secularism have served towards the lofty goal of sustaining unity in diversity

Agri commodity and agri commodity product exports jumped 65% to RM105 billion in the second quarter of 2021 from RM64 billion in the same period last year, Minister of Plantation Industries and Commodities (MPIC) Datuk Dr Mohd Khairuddin Aman Razali said.

Chicago Board of Trade soyabean futures closed higher on Friday on renewed export demand for US supplies and fears of tightening global vegetable oil supplies, traders said.

The imminent ratification of the Africa Continental Free Trade Area (AfCTA) will propel Tanzania’s trade to more prosperous grounds by giving local goods an entry into the African regional market without major roadblocks.

Regarding the Free Trade Agreement (FTA), Mr. Jaishankar said India is seriously discussing this issue with the United Kingdom and the European Union, but due to weak “rules of origin” and a large number of participants, the region He said he reserves a Regional Comprehensive Economic Partnership (RCEP). The economy is not a transparent market economy.

Malaysian palm oil futures ended lower on Thursday, a day after lower stockpiles and tightening production pushed the contract to its biggest jump in 11 years.

Malaysian palm oil futures eased on Friday, although the contract was on track to post its seventh weekly gain in eight following data that showed July supply fell more than expected.

Golden Agri-Resources has reported earnings of U$153 million for the six months ended June 30, a swing from a net loss of US$157 million in the year earlier.

Commerce and industry minister Piyush Goyal on Thursday assured the industry that the government will protect its interests in free trade agreements (FTAs) and these pacts would be finalised after holding detailed discussions with all the stakeholders

Labour has become a contentious issue in the palm oil sector over the past few months. Those within the palm oil community will be well aware that negative claims around labour have been made against palm oil for years, dating back to 2015 at least

Malaysia’s palm oil export to Turkey is expected to reach one million tonnes next year compared with 500,000 tonnes previously, said Minister of Plantation Industries and Commodities Datuk Mohd Khairuddin Aman Razali.