Archived News

It has been 20 years since the Malaysian Palm Oil Board (MPOB) embarked on its journey to boost the country's oil palm research and development and excellent services.

Malaysian palm oil industry leaders warned on Tuesday of depressed prices this year as the coronavirus pandemic cuts global demand and boosts inventories, with the biggest producer warning of painful cost cuts.

Palm oil companies will no longer be required to allocate a fifth of their land for smallholder farmers under a new bill, a move activists and officials call harmful to the livelihoods of these farmers.

Snapping gains from the previous session, the May contract of soybean on the National Commodity and Derivatives Exchange was down due to weak demand for soymeal from exporters, analysts said

Malaysian palm oil futures fell on Tuesday, dragged lower by top buyer India's import restrictions on the refined product and as the market maintained a cautious stance ahead of official data.

Chicago wheat and corn fell on Tuesday before a closely watched U.S. Department of Agriculture (USDA) report was expected to show abundant supplies.

Indian oilseed crushers have welcomed the Indian Commerce Ministry’s move to suspend permits for imports of refined palm oil as a move to protect local refiners.

Hamid Zadboum also said that 13 percent of Iran’s imports from the EAEU are subjected to the preferential tariffs, while 49 percent of the country’s exports to the block is subjected to those tariffs, TPO website published.

India has suspended 39 licenses to import refined palm oil after a surge in duty-free imports from neighbouring countries such as Nepal and Bangladesh which are not key producers of palm oil, government and trade sources told Reuters.

Commodities investors will zero in this week on the tide of moves around the globe to ease the anti-virus lockdowns that have crippled economies

The city will prepare for new opportunities from the wave of investment shifting out of China by member countries of the EU-Vietnam Free Trade Agreement (EVFTA) and EU-Vietnam Investment Protection Agreement (EVIPA).

Extending gains from previous four sessions, the May contract of soybean settled a tad higher on the National Commodity and Derivatives Exchange due to shrinking supply in domestic markets, the analysts said.