Archived News

Trade deficit during first half of the fiscal year 2019/20 shrank 31 percent to $11.64 billion, compared to $16.97 billion in the same period last fiscal, mainly because of a slump in imports, the latest data showed.

Vietnam has fulfilled its long-held dream of becoming a non-permanent member of the UN Security Council (2020-2021) at the same time as the country chairs 10-member Asean.

The Malaysian palm oil industry is bullish on this year’s outlook for the sector amidst flattish production, depleting global vegetable oil inventories and growing demand for the commodity.

The Malaysian Palm Oil Board (MPOB) is organising a Review and Outlook (R&O) Seminar 2020 on Jan 16 to disseminate information on the performance of the palm oil industry in 2019, market prospects and price outlook for this year.

Copra prices will continue to improve at least until the first three months of 2020, but millers are still insisting on the implementation of the increase of Coco Methyl Ester (CME) content on all fuels for the long-term development of the coconut industry.

The plantation sector is off to a good start in 2020 as crude palm oil (CPO) continues to extend its rally from 2019 to trade above RM3,100 per tonne on strong fundamentals

US President Donald Trump announced the ‘phase one’ trade deal will be signed on January 15 in Whitehouse. He plans to visit Beijing after that and follow up with a ‘phase two’ negotiation with Chinese leaders.

MALAYSIAN equities are set for a better year in 2020 with the resumption of earnings growth after a two-year hiatus thanks to subsiding external risks and a recovery in commodity prices.

The Black Sea sunflower oil market reversed a decade-long downward trend in 2019, as the Platts sunflower oil FOB Black Sea assessment climbed 22% between January and late December

Cut in import duty will affect Oil Palm India and Plantation Corporation of Kerala

The Malaysian palm oil industry is bullish on this year’s outlook for the sector amidst flattish production, depleting global vegetable oil inventories and growing demand for the commodity.

Malaysian palm oil stockpiles likely dropped to their lowest level in 27 months in December, with production and export demand for the tropical oil also falling, a Reuters survey showed.