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MARKET DEVELOPMENT  
  09-06-2020

Indonesia reduces deforestation rate as researchers urge caution

Indonesia has offered a glimpse of hope for the environment, with its rate of deforestation having decreased for a third year in a row as a result of the government’s response to the devastating 2015-2016 fire crisis, even as global deforestation continues apace.

MARKET DEVELOPMENT  
  09-06-2020

Brexit Britain embarks on landmark Japan trade deal - Will 'go further' than EU-Tokyo pact

THE UK will begin talks with Japan on Tuesday with the aim of striking a comprehensive free trade deal that "goes further" than the agreement in place between the EU and Tokyo

MARKET DEVELOPMENT  
  09-06-2020

S. Korea to push for conclusion of RCEP this year despite pandemic

South Korea said Tuesday it will spare no efforts to conclude a mega Asia-Pacific trade pact by the end of this year in line with efforts to revitalize an extended slump in its exports amid the new coronavirus pandemic.

MARKET DEVELOPMENT  
  09-06-2020

Malaysia ups rice, sugar import from India

Relations between India and Malaysia are back on the upswing after taking a hit under former premier Mahathir Mohamad, with Kuala Lumpur increasing its purchases of rice and sugar from New Delhi in recent months.

MARKET DEVELOPMENT  
  09-06-2020

India Edible Oil: Soybean falls on likely higher acreage; CPO up

Following are the highlights of trading in edible oil markets today:

MARKET DEVELOPMENT  
  09-06-2020

Vietnam ratifies trade deal with EU in boost for economy

Vietnam ratified a landmark trade deal Monday with the European Union that is expected to energize the country’s manufacturing sector and exports, as it recovers from the impact of the coronavirus pandemic.

MARKET DEVELOPMENT  
  09-06-2020

Indonesia April palm oil exports at 2.65mn tonnes

Indonesia, the world's biggest palm oil producer, exported 2.65 million tonnes of palm oil and its refined products in April, the Indonesia Palm Oil Association (GAPKI) said on Monday

MARKET DEVELOPMENT  
  09-06-2020

Iran’s Authorities Are Destroying Its Agriculture

Recently, many videos have been posted on social media showing deprived farmers destroying their crops with their own hands or being forced to sell them at a low price but did not accept to give it to the government.

MARKET DEVELOPMENT  
  09-06-2020

Tax exemption augurs well for palm oil industry

The government on Friday announced a 100 per cent exemption on export duty on crude palm oil, crude palm kernel oil and processed palm kernel oil from July 1, 2020 to Dec 31, 2020,

MARKET DEVELOPMENT  
  05-06-2020

Malaysia Farms Face $3 Billion Hit From Palm Oil Worker Shortage

The coronavirus pandemic has left Malaysia’s palm oil industry without enough workers, a shortage that could cost farmers as much as 25% of their annual production -- a loss worth about $2.8 billion.

MARKET DEVELOPMENT  
  05-06-2020

India records lowest vegetable oil import in May month in a decade

NEW DELHI (June 4): India's edible oil imports in May dropped 40 percent compared with the same month last year, recording the lowest volume in the month of May in a decade.

MARKET DEVELOPMENT  
  05-06-2020

Palm oil prices snap two-day rally on forecast of higher May stockpile, lower crude

KUALA LUMPUR: Malaysian palm oil futures declined on Thursday after two days of sharp gains, on expectations of a jump in May inventories and tracking losses in crude and rival soyoil.