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MARKET DEVELOPMENT  
  20-11-2020

UPDATE 1-Japan aims to expand CPTPP trade pact as UK, China eye membership

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.

MARKET DEVELOPMENT  
  20-11-2020

RCEP shores up trade, value chains

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.

MARKET DEVELOPMENT  
  20-11-2020

Nigeria spends $500m annually importing palm oil, says FG

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.

MARKET DEVELOPMENT  
  20-11-2020

Bursa Malaysia rebounds to open higher

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

MARKET DEVELOPMENT  
  20-11-2020

Palm retreats from 8-year high on fears of weak exports

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.

MARKET DEVELOPMENT  
  20-11-2020

Retno Marsudi on Palm Oil Discrimination: 'Treat Us Fairly'

Foreign Affairs Minister Retno Marsudi on Thursday’s virtual seminar asserted that Indonesia will continue to fight the palm oil discrimination which she suggests is happening in a number of regions, such as the European market.

MARKET DEVELOPMENT  
  20-11-2020

Sindh govt kick-starts palm oil production in Thatta

The Government of Sindh on Wednesday said it has successfully developed a project of palm oil production in Thatta district.

MARKET DEVELOPMENT  
  20-11-2020

Ministry launches ‘Sawit Anugerah Tuhan’ campaign

THE Ministry of Plantation Industries and Commodities (MPIC) has launched the “Sawit Anugerah Tuhan” (Oil Palm the Gift of God) campaign with the aim of appreciating the great contribution of the palm oil industry to the country, besides raising awareness about its benefits and nutritional values to the community.

MARKET DEVELOPMENT  
  19-11-2020

KLK positive on palm oil price rally

The company saw its net profit rise 19.3% year-on-year (YoY) to RM208.82 million in its fourth quarter ended Sept 30, 2020 (4Q20), from RM175.02 million a year ago backed by favourable CPO and palm kernel selling prices during the period.

MARKET DEVELOPMENT  
  19-11-2020

July-Oct: export growth inches up 0.62pc

The country’s exports during July-October, 2020 totaled $7.576 billion against $7.529 billion during the corresponding period of last year, showing an increase of 0.62 percent, revealed exports and imports data released by the Pakistan Bureau of Statistics (PBS).

MARKET DEVELOPMENT  
  19-11-2020

CPO futures end higher after two days of losses

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today after recording losses for two consecutive days, backed by stronger soya bean oil prices on the US Chicago Board of Trade (CBOT).

MARKET DEVELOPMENT  
  19-11-2020

Techbond sees big business in palm oil-based industrial glues

Deputy managing director Lee Seh Meng says if successful, the revenue generated from the palm oil-based adhesives could be bigger than the group’s existing turnover