Archived News
14-01-2021
EIU report: Vietnam rises as an alternative to China, beating India
Vietnam’s incentives for international firms for setting up units to manufacture hi-tech products, pool of low-cost workers and proliferation of free trade agreements (the latest one is with the EU) place it at an enviable position among Asian peers, the report suggests
14-01-2021
Palm gains 1% as US cuts soybean supply forecast
Malaysian palm oil futures climbed 1% on Wednesday, recovering from two straight sessions of falls, as rival soyoil prices jumped after a widely watched US report cut its forecast for soybean supplies.
14-01-2021
Govt urged to stabilise ghee, vegetable oil prices
As vegetable oil and ghee rates remain volatile, mainly moving upwards, the stakeholders in the sector have demanded that the government revise duty structures to help maintain prices in the local market.
14-01-2021
Edible oil prices likely to increase amid supply constraints
According to Pakistan Vanaspati Manufacturers Association (PVMA), a sharp increase in the demand of Malaysian and Singaporean palm oil has caused a jump in international prices of the commodity, which would ultimately impact Pakistan, as the country meets 90pc of its edible oil requirements through imports.
14-01-2021
UPDATE 1-China to import more Indonesian products to balanced trade
China would import more Indonesian products and increase investment in Southeast Asia’s largest economy, a top Chinese diplomat said on Wednesday, as Jakarta urged Beijing to remove barriers to make trade between the two countries more balanced.
14-01-2021
Indonesian archdiocese's MoU with palm oil firm sparks outrage
Merauke Archdiocese in Indonesia's Papua province is set to receive billions of rupiah through a collaboration with an environmentally controversial palm oil company, sparking strong protests from local Catholics
14-01-2021
Palm oil may test resistance at 3,757 ringgit
Palm oil may test a resistance at 3,757 ringgit per tonne, a break above which could lead to a gain to 3,835 ringgit.
13-01-2021
Palm oil falls over 2pc
Malaysian palm oil futures ended 2.5% lower on Tuesday, hitting a one-week low on concerns of weak demand as partial data showed a sharp decline in January exports
13-01-2021
VEGOILS-Palm gains 1% as U.S. cuts soybean supply forecast
Malaysian palm oil futures climbed 1% on Wednesday, recovering from two straight sessions of falls, as rival soyoil prices jumped after a widely watched U.S. report cut its forecast for soybean supplies.
13-01-2021
Biodiesel feedstocks face Malaysian lockdown squeeze
Malaysian used cooking oil (UCO) and palm oil mill effluent (POME) collections face potential curbs under new Covid-19 lockdown restrictions coming into effect today.
13-01-2021
Continuation of tariffs opposed
The cost of US tariffs on China has far exceeded any benefits derived from them, so the incoming administration in Washington should roll them back, a major American business group said on Monday as the United States' trade chief advised President-elect Joe Biden to retain the punitive measures on China
13-01-2021
Telangana begins work on oil palm plan
Telangana, which is on a drive to promote oil palm acreage, has decided to set up a committee to calculate the cost of production to grow the edible oil plantation and ways to support the farmers.