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MARKET DEVELOPMENT  
  03-11-2020

Prices on the oilseed market in the Russian Federation continue to grow steadily

Average prices for sunflower oil last week set a new record, rising by 1,150 rubles to 76,325 rubles per tonne (including VAT). Sunflower also rose to new highs, prices for which increased by 275 rubles, to 31,825 rubles per tonne (excluding VAT).

MARKET DEVELOPMENT  
  03-11-2020

Hot stock: Wilmar shares up 5.9% on net profit, special dividend announcement

SHARES of Wilmar International jumped 5.5 per cent on Monday after the agri-business group posted a 20 per cent rise in Q3 net profit and announced a special dividend on Friday.

MARKET DEVELOPMENT  
  03-11-2020

Indonesia expects export, investment boost after US extends trade privileges

ndonesian exports have been enjoying the GSP facility given by the US since 1980. In 2019, Indonesian exports worth US$2.61 billion (S$3.56 billion), or 13 per cent of its total US$20.1 billion exports to the US, were eligible.

MARKET DEVELOPMENT  
  02-11-2020

Soppoa lists industry’s wishes for Budget 2021

With the highly anticipated Budget 2021 to be announced on Friday, the Sarawak Oil Palm Plantation Owners Association (Soppoa) has compiled a wishlist which it believes would greatly assist in assuring the sustainable development of the industry in Sarawak.

MARKET DEVELOPMENT  
  02-11-2020

MPOA welcomes move to issue temporary work permits for undocumented migrants

THE government’s decision to issue temporary work permits to illegal foreign workers will assist plantation players and smallholders in cushioning the labour shortage impact, which is resulting in 20-30 per cent potential production not being realised.

MARKET DEVELOPMENT  
  02-11-2020

Canada turns on oil taps as prices rise, curbs lift

Canadian crude producers are churning out extra barrels to finish their hardest year in decades on a higher note, after Alberta's government lifted restrictions and as demand for heavy oil surged

MARKET DEVELOPMENT  
  02-11-2020

Among the many trade negotiations New Zealand is involved with at present, the positions of the UK and EU are particularly frustrating for our negotiators and put market access at risk

Despite the high profile attempt to maintain flexibility with New Zealand’s tariff rate quotas into the EU and UK post Brexit, this is by no means the only set of negotiations under way at the moment

MARKET DEVELOPMENT  
  02-11-2020

Impact of US election on Asian economies

WITH Asian economies starting to show signs of recovery from the pandemic-induced recession, it is crucial that the policies of the newly elected United States president do not disrupt this momentum

MARKET DEVELOPMENT  
  02-11-2020

Trading ideas: Plantation counters, MISC, IGB REIT, Lagenda, Bina Darulaman, Tek Seng, FGV

Plantation counters which have substantial business exposures in Indonesia as the government is looking at raising its export levy on crude palm oil (CPO).

MARKET DEVELOPMENT  
  02-11-2020

Soyabean oil costing $46.839m, palm $579.006m imported in 3 months

Soyabean oil worth $46.839 million and palm oil worth $579.006 million was imported during first quarter of current financial year as compared to the imports of the corresponding period of last year

MARKET DEVELOPMENT  
  02-11-2020

FGV's hope for RM3.5b-RM4b compensation from Felda optimistic, says CGS-CIMB

CGS-CIMB Research opined that FGV Holdings Bhd’s expectations of a RM3.5 billion to RM4 billion compensation from the Federal Land Development Authority (Felda) following the termination of the land lease agreement (LLA) between the parties are optimistic.

MARKET DEVELOPMENT  
  02-11-2020

CPO futures likely to trade cautiously next week

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade in a cautious mode next week due to the resurgence in COVID-19 cases across the globe, a dealer said.