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India has pitched for stronger provisions in the rules of origin, removal of non-tariff barriers and better market access in the existing existing Free-Trade agreement (FTA) with the the Association of Southeast Asian Nations (ASEAN), arguing the changes should kick off sooner rather than later.

JAKARTA: Malaysian palm oil futures gained for a third straight session on Friday after soyaoils rose and palm demand showed signs of improvement, helping the vegetable oil to post its first weekly gain in three weeks. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 2.2% at 2,741 ringgit ($656.84) a tonne by the close of trade, posting its best daily gain in more than a month.

ASEAN economic ministers are committed to strengthening regional supply chains and improve trade digitalization to spur trade and investments, as well as cushion the impact of the ongoing health crisis, according to Indonesian Trade Minister Agus Suparmanto

To avoid collateral damage, the domestic industry has adopted the Indian Palm Oil Sustainability Framework in association with an NGO. This is similar to the best practices adopted by the Roundtable on Sustainable Palm Oil (RSPO), which has oil producers, processors, traders, industrial users, banks and NGOs as members. Currently, about 15% of palm oil production meets this standard.

More than 80 per cent of the Indonesian rainforest, mangroves and peatlands most vulnerable to being cleared for palm oil production is completely unprotected by the country’s Forest Moratorium, according to new research.

The palm oil industry has received international negative attention, including consumer boycotts, in recent years for clearing biodiversity-rich tropical rainforests in Southeast Asia in its production process.

Malaysian palm oil futures climbed for a second straight session on Thursday as rival oils rose, although concerns of weak demand capped gains.

Despite weak demand, strong global cues and report of damage to soyabean crops on account of recent heavy rains in Madhya Pradesh lifted soya oil in Indore with soya refined here today rising to ₹870-72 for 10 kg, while soya solvent ruled at ₹810-15

Ministers from 15 Asia-Pacific countries negotiating the Regional Comprehensive Economic Partnership (RCEP) agreement on August 27 said they have made "significant progress" toward the signing of the deal by the end of the year, while whether India will stay on as a member of the framework remains uncertain.

The 8th Regional Comprehensive Economic Partnership (RCEP) Ministerial Meeting was held online on August 27 under the chair of Vietnamese Minister of Industry and Trade Tran Tuan Anh.

KUALA LUMPUR: IJM Corp Bhd managed to eke out a small profit in the three months ended June 30, as construction revenue plunged due to the movement control order (MCO) during the quarter.

JAKARTA, Aug 26 (Reuters) - Indonesia, the world's largest palm oil exporter, plans to finish research into biodiesel containing 40% palm oil by November, the head of the energy ministry's research department said on Wednesday.