Archived News
04-03-2020
Palm oil up over 2pc
The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange rose 57 ringgit, or 2.41%, to 2,377 ringgit ($565.41), its second straight session of advances.
04-03-2020
Oil price lower on coronavirus fears despite Fed rate cut and hopes for OPEC+ output cut
The global oil benchmark ended Tuesday slightly lower under pressure from falling equities, but the losses were contained slightly as top producers considered more output cuts to support prices and the Federal Reserve cut U.S. interest rates to support the economy
04-03-2020
PM praised for reversing decision on increasing power tariff
President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has lauded Prime Minister Imran Khan for averting a nationwide crisis by reversing the decision to increase power tariff for the export sector.
04-03-2020
US, Britain pacts ‘to boost Kenya’
Kenya’s proposed trade deals with the US and UK, once achieved, will boost its economic activities in coming years, economists have argued, even as the private sector urge caution
04-03-2020
Palm up over 2pc on hopes of demand recovery from India, China
Malaysian palm oil futures jumped over 2% on Tuesday on hopes of a recovery in demand from China and India, following the ouster of prime minister Mahathir Mohamad, whose criticisms about India had soured palm oil trade with the country.
04-03-2020
Sri Mulyani appoints new oil palm agency head amid commodity's challenges
Finance Minister Sri Mulyani Indrawati has appointed Eddy Abdurrachman as the new Indonesian Oil Palm Estate Fund (BPDP-KS) president director, replacing Dono Boestami
04-03-2020
FGV earnings likely to continue improving on robust CPO prices
FGV Holdings Bhd (FGV) earnings are expected to continue to improve on the back of its strong fourth quarter results, higher crude palm oil prices and as its transformation plans bear fruit, according to brokerage firms.
04-03-2020
India Edible Oil: NCDEX March soybean rises 2% on bargain buying
Futures contracts of all components of the edible oil basket rebounded on the domestic exchanges today, tracking gains in global markets.
04-03-2020
No more plantations in Papua, says Indonesia’s point man for palm oil
The Indonesian minister in charge of investments has declared there will be no new permits approved for oil palm plantations in the country’s Papua region
04-03-2020
Cooking oil may become 10% cheaper
Cooking oil is likely to become up to 10 per cent cheaper in the next one week as global prices are falling because of coronavirus, industry executives said.
04-03-2020
VEGOILS-Palm oil tracks soyoil higher, but higher output estimates cap gains
Malaysian palm oil futures firmed on Tuesday, supported by gains in rival soyoil, but falling exports and prospects of higher production amid the coronavirus outbreak capped gains.
04-03-2020
Sabah’s move to develop palm oil downstream pays off
Initiatives by the Sabah Government to develop the downstream industries in the State, including the processing of palm oil products, have brought in benefits for the local people