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Bullish trend was witnessed in the local cotton market on Monday. Sources also told that quality of Phutti was affected due to the monsoon rains

Malaysia's FGV Holdings Bhd (FGV) said on Monday it expects crude palm oil prices to fall in the second half of the year with a dip in demand in the fourth quarter.

The impact of palm oil promotional activities carried out by the Plantation Industries and Commodities Ministry overseas, will be among matters to be raised at the Parliament sitting today.

The Palm Oil Industry Association (POIA) has said in a statement that while it respects the decisions relating to the industry contained in the policy statement of President Gotabaya Rajapaksa, it trusts that a pragmatic solution would be provided in respect of the oil palm saplings imported in to the country following a Cabinet decision taken in 2014 by the government of President Mahinda Rajapaksa.

The Malaysian Palm Oil Board (MPOB) is currently working on a proposal to incentivise Malaysians, especially the youths, to join the plantation industry -- a move that will help to reduce the country's dependency on foreign labour, chairman Datuk Ahmad Jazlan Yaakub said.

Only 17,785 out of 39,391 oil palm smallholders in the state have received the Malaysian Sustainable Palm Oil (MSPO) certification as of July 31 this year, said Ministry of Plantations and Commodities (KPKK).

The Ministry of Plantation Industries and Commodities (MPIC) said various efforts have been made to pave the way to export palm oil to new markets such as China’s hinterlands, Central Asian countries, Balkan states, Eastern Europe, Caribbean islands and African countries.

Malaysia can combat discrimination against its palm oil products by focusing on the UK-Malaysia trade deals. The timing is opportune as the UK is working on new post-Brexit agreements.

I realised that Ukrainians and Malaysians share quite similar values and aspirations. We may seem to live distance apart, but, essentially, we are remarkably close. Throughout the history, we have been trying to earn our living by working hard and making most of our resources.

US and China have agreed to continue talks on the ‘Phase One’ trade deal which was signed in January

Recently concluded negotiations for a new seven-year budget of the European Union, which excluded Britain for the first time in five decades, lasted more than two years and took five arduous days last month to wrap up in Brussels.

The Primary Industries and Commodities Ministry has invited jobless Malaysians to work in the palm oil industry.