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According to the Economic and Social Survey of Asia and the Pacific 2021, the developing Asia Pacific region experienced a 1% contraction in gross domestic product in 2020, when the equivalent of 140 million full-time jobs were lost, and another 89 million people were pushed back into extreme poverty.

Even before the 16 billion buck sugar scam had melted on the public tongue, the spectre of a horrific health scare has now risen to envelop the people’s wellbeing in a toxic shroud

Crude palm oil futures rose to settle at Rs 1,094 per 10 kg on April 1 as participants trimmed their position as seen by the open interest. Malaysian palm oil futures marginally gained 0.05 percent to settle at 3,739 Ringgits on Bursa Malaysia Bhd.

Turkish exporters have seen a noteworthy surge in their sales to the United Kingdom from January through March this year following the signing of a post-Brexit free trade agreement (FTA).

Chicago corn futures edged higher on Monday, hovering around their highest since 2013, while soybeans gained 1% with concerns over global feed grain supplies underpinning prices.

"Local CPO is expected to trade within the range of RM3,600 to RM3,800 next week with a downward bias, as rising production anticipation continues to weigh on the prices,” palm oil trader David Ng told Bernama.

Malaysia’s crude palm oil (CPO) exports are expected to see a moderate recovery with CPO production reaching 19.6 metric tonnes (MT) in 2021, compared with 19.14 MT last year, the Malaysian Palm Oil Council (MPOC) said.

FITCH Ratings Inc revised the outlook on Sime Darby Plantation Bhd (SDP) to “Stable” from “Negative” and affirmed the long-term foreign-currency issuer default rating (IDR) at “BBB”.

Malaysian palm oil futures opened more than 2% higher on Thursday, tracking gains in rival oils on the Chicago Board of Trade (CBOT) and the Dalian Commodity Exchange.

• This bullish candlestick followed another one on March 29. Together, they are considered as a trend reversal signal.

FGV Holdings Bhd has appointed Datuk Dzulkifli Abd Wahab as its chairman effective from today.

Ever expanding markets for fuel made from vegetable oil could put pressure on producers to expand palm oil production in Southern Asia and result in significant environmental repercussions. It’s one example of the potential side-effects of overuse of biofuel. | Reuters