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China responded by urging US to meet it halfway and strengthen cooperation in the fight against the Covid-19 pandemic. US consumer prices fell 0.8 per cent in April on a monthly comparison. Excluding fresh food and energies, core prices slid 0.4 per cent, the worst data since 1957

The government is planning to bring certain items from the higher duty slabs to lower duty slabs for reduction in customs duty at the import stage.

Malaysia has contracted to import a record 100,000 tonnes of rice from India for shipment this month and next, four industry officials told Reuters, in a further sign of improving trade relations between the countries after a diplomatic spat.

The Oil Palm Development Association of Ghana (OPDAG) Executives and the entire value chain actors of the oil palm sector, have hailed Government’s exemption of palm oil from 50 per cent benchmark value for customs duty assessment.

Canola was very steady and did not want to move around a lot on what was a quiet trading day in both the canola and soy markets, a trader said.

Liberia’s largest palm oil company, Golden Veroleum, has laid off 443 employees, more than 10% of its workforce, due to persistently low prices and the economic fallout from the coronavirus pandemic, a company spokesman said on Saturday.

Malaysia has lowered its export duty on crude palm oil to 0% for June from 4.5% in May, the Malaysian Palm Oil Board said yesterday.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives would likely trend higher next week on expectations of higher demand from India and China, as Malaysia has lowered its export duty on palm oil to zero per cent for June, the Malaysian Palm Oil Board (MPOB) said.

After the launch of B20 biodiesel (a mixture of 80 percent petroleum and 20 percent crude palm oil or fatty acid methyl ester), the government had planned on increasing the program to B30 this year, to be followed by B40 in mid-2021 and ambitiously

Demand for high oleic canola and soybean oil is expected to soar after 2025 because of a seasonal palm oil decline

Malaysian palm oil futures edged lower on Thursday after rival soyoil prices declined and as the world's largest palm oil producer Indonesia increased production, but losses were trimmed by higher crude oil prices.

U.S. meat exports are surging even as the industry is struggling to meet domestic demand because of coronavirus outbreaks at processing plants that have sickened hundreds of workers and caused companies to scramble to improve conditions.