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Indonesia’s cost of living is lower than that in China, so there is no reason why Indonesians will not be able to compete with affordable Chinese exports, if the shipping cost from Indonesia is competitive

A trade deal between the two nations officially came into force on January 1st, and should, if enacted as intended, guarantee one of the longest trade deals in the past 50 years carries on largely as before, albeit with additional benefits for both sides.

e crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade in a cautious mode next week, a dealer said.

In the last several years, the Malaysian plantation industry has been buzzing with robust merger and acquisition (M&A) deals against the backdrop of weak crude palm oil (CPO) prices.

Chief Executive Officer Tan Sri Lee Oi Hian said the plantation group has made good progress towards achieving the fresh fruit bunches (FFB) yield target of 20 mt/ha in the first year of harvesting, with more and more areas achieving the target.

Despite the higher CPO prices, most planters are expecting mixed performance in their earnings outlook for this year with the industry currently facing severe workers shortage in the estates.

South Korea and the UK will kick off their bilateral free trade agreement (FTA) on Jan. 1. to maintain the continuity of trade activities after the latter's departure from the EU.

MALAYSIA’S Movement Control Order (MCO) had restrained the country’s economic activities, including the palm oil industry despite its importance in the food industry.

Local consumers now have to spend more on edible oil as prices are rising in the international market almost every week due to decreased production in exporting countries, weakening of supply chain and stockpiling amid the pandemic.

Fitch Ratings expects crude palm oil (CPO) prices to decline in 2021 on higher supply and assumes they will average USD560/tonne over the year, despite some upside risk, such as a strong La Nina weather pattern.

Malaysian palm oil futures edged higher for a second day, tracking higher prices of rival vegetable oils on the Dalian Commodity Exchange rose, although the gains were capped due to a stronger ringgit and cheaper U.S. soyoil.