Archived News
20-03-2020
VEGOILS-Palm oil gains on stronger edible, crude oils
Malaysian palm oil futures climbed 2% on Friday, buoyed by gains in rival edible oils and crude oil, but the contract was poised for a second straight weekly drop amid demand worries due to the coronavirus outbreak.
20-03-2020
China will continue to advance signing of RCEP as scheduled: MOC
China will work with other members of the Regional Comprehensive Economic Partnership (RCEP) to ensure that signing of the agreement takes place at the end of the year, the Ministry of Commerce (MOC) said Thursday.
20-03-2020
Palm Oil Slumps to 5-Month Low on India Demand Worry, Petroleum
Palm oil dropped to a five-month low on concern about poor purchases by top buyer India, Malaysia’s move to allow the industry to operate during a nationwide lockdown and an overnight slump in petroleum
20-03-2020
VEGOILS-Palm oil drops as supply concerns ease on exemption from shutdown
Malaysian palm oil futures dropped on Thursday as harvesting resumed in world's second-largest palm producer after plantations were exempted from a shutdown imposed to prevent the coronavirus' spread.
20-03-2020
Commerce ministry recommends anti-dumping duty on Malaysian calculators
In its final findings of the probe, the directorate has concluded that the product has been exported to India from Malaysia below its associated normal value, which is amounting to dumping.
19-03-2020
Deputy minister hears suggestions of reintroducing subsidies at dialogue
Deputy minister of Primary Industries and Commodities Datuk Seri Dr Wee Jeck Seng has made it his mission to find the best way to help smallholders.
19-03-2020
Oil palm plantations, mills to resume operations
The palm oil industry has successfully appealed to the government to allow oil palm plantations and mills to resume operations during the 14 days of the movement control order which started yesterday.
19-03-2020
Plantation sector downgraded due to negative factors
The potential impact of the Covid-19 pandemic, coupled with the fall in crude oil prices resulted in HLIB Research downgrading the sector to “neutral†from “overweightâ€, and revising its crude palm oil (CPO) price assumptions downwards.
19-03-2020
CPO prices hit by uncertainties
As the Covid-19 pandemic continues to develop, there could be an increase in demand for vegetable oils in China as the situation there improves even as demand slows in other countries hit hard by the outbreak.
19-03-2020
Sarawak palm oil sector gets permission to keep operating
SARAWAK has granted the state’s oil palm industry exemption from the federal government’s movement control order that came into force today.
19-03-2020
India Edible Oil: MCX CPO up on weak imports, BMD cues cap rise
Futures of refined soyoil on the National Commodity and Derivatives Exchange and crude palm oil on the Multi Commodity Exchange of India rose nearly 2% each due to subdued imports of vegetable oil, traders said
19-03-2020
Malaysia Shutting Most Palm Oil Operations, Trade Group Says
Malaysia will be closing most of its palm oil operations as the country shutters non-essential business in an effort to fight the spread of the coronavirus, according to the Malayan Agricultural Producers Association