Archived News

Indonesia may scale back its 30pc biodiesel mandate (B30) for transport as it struggles to amass funding, according to the US Department of Agriculture.

The two exchanges will share information and best practices relating to product development, market operations, and other areas of common interest.

JAKARTA, May 18 (Reuters) - Indonesia’s Energy and Mineral Resources Ministry has issued a circular letter saying state oil company PT Pertamina is allowed to sell unblended diesel fuel to other fuel retailers, an official said on Monday.

Malaysian palm oil futures rose 3% on Friday after exports rose in May and as the world's second-largest producer, Malaysia, scrapped its export duty on the commodity for June.

The United Kingdom left the EU on Jan. 31 but the main terms of its membership remain in place for a transition period until the end of this year to allow it time to negotiate a free trade agreement.

China responded by urging US to meet it halfway and strengthen cooperation in the fight against the Covid-19 pandemic. US consumer prices fell 0.8 per cent in April on a monthly comparison. Excluding fresh food and energies, core prices slid 0.4 per cent, the worst data since 1957

The government is planning to bring certain items from the higher duty slabs to lower duty slabs for reduction in customs duty at the import stage.

Malaysia has contracted to import a record 100,000 tonnes of rice from India for shipment this month and next, four industry officials told Reuters, in a further sign of improving trade relations between the countries after a diplomatic spat.

The Oil Palm Development Association of Ghana (OPDAG) Executives and the entire value chain actors of the oil palm sector, have hailed Government’s exemption of palm oil from 50 per cent benchmark value for customs duty assessment.

Canola was very steady and did not want to move around a lot on what was a quiet trading day in both the canola and soy markets, a trader said.

Liberia’s largest palm oil company, Golden Veroleum, has laid off 443 employees, more than 10% of its workforce, due to persistently low prices and the economic fallout from the coronavirus pandemic, a company spokesman said on Saturday.

Malaysia has lowered its export duty on crude palm oil to 0% for June from 4.5% in May, the Malaysian Palm Oil Board said yesterday.