Archived News

Overseas investors will soon have access to trade in palm oil futures contracts in China, according to the China Securities Regulatory Commission (CSRC).

KARACHI: The government is planning to launch 5G technology in the country by December 2022. This was stated by Amin-ul-Haq, Federal Minister for IT and Telecom while talking to the Daily Business Recorder after the conclusion of 2nd PMFA Appreciation Awards Ceremony organized by Pakistan Malaysia Friendship Association (PMFA) held at a local hotel the other day. He said the government was striving to launch 5G technology in the country by December 2022, adding that the ministry was also working on other digital payment solutions after the refusal of Paypal to come into Pakistan.

Brazil’s National Energy Policy Council said Nov. 18 that imported raw materials can be used in the production of biodiesel.

SYDNEY, Nov 23 (Reuters) - U.S. soybeans rose more than 1% on Monday to hit their highest since mid-2016 as dry weather in key South American crop areas stoked concerns about global production.

Stakeholders in the agricultural sector have said that Nigeria is currently spending about $500 million importing oil palm annually.

Rising edible oil prices has become a cause of concern for the government. The average prices of all edible oils - groundnut, mustard, vanaspati, soybean, sunflower and palm - have increased, with the spike in the case of palm, soybean and sunflower oils by up to 20-30% in the last one year.

U.S. oil prices slipped on Friday, dropping for a second day as concerns mounted about the hit to demand from the surge in COVID-19 infections forcing new lockdowns, but prices were supported by signs of movement on a stimulus deal in Washington

Japan aims to expand a major regional free trade pact called the CPTPP, Prime Minister Yoshihide Suga said on Friday, potentially catering for China’s and Britain’s interest in joining the deal.

Although it is far from the best outcome in trade liberalisation, the finalisation of the 15-member Regional Comprehensive Economic Partnership (RCEP) among economies of Northeast Asia and Southeast Asia, along with Australia and New Zealand, has highlighted and even salvaged Asean's adverse pandemic year.

Okata explained that the volume of oil and fat that Nigeria requires was about three million metric tonnes, but it had been difficult to meet this demand.

Bursa Malaysia rebounded from yesterday’s losses to open slightly higher today, in line with most regional markets, driven by renewed interest due to lower prices, dealers said

Malaysian palm futures reversed early gains on Thursday, retreating from a more than eight-year peak as traders expect a sharp decline in November exports.