Archived News
16-10-2019
The Dangerous Thinking That Threatens EU-ASEAN Trade Deal – OpEd
Dangerous scientific thinking may endanger a European Union deal with its third-largest trading partner – the Association of South East Asian Nations (ASEAN).
16-10-2019
Importers shun Malaysian palm oil
There is not going to be any immediate impact on edible oil supplies even as the importers temporarily suspend buying Malaysian palm oil amid growing uncertainty on possible action by India on trade with Malaysia, experts noted
16-10-2019
Malaysia extends 'sweet offer' to India to address trade imbalance
Primary Industries Minister Teresa Kok urges more businesses in Malaysia to take advantage of the MICECA to buy more raw sugar and beef from India, with a view to address the trade imbalance.
16-10-2019
EU open to resuming free trade talks with Thailand
The European Union aims to resume negotiations with Thailand on a free trade agreement (FTA), the Council of the European Union said in a statement, after earlier suspending trade talks following a 2014 military coup.
15-10-2019
The U.S.-China Trade Cease-Fire Isn’t a Done Deal
President Donald Trump’s deals tend to be larger in the telling than the reality. The trade truce he has claimed to have struck with China is yet another instance.
15-10-2019
RCEP nations target final 10-day window to close talks by October 22
Countries negotiating the proposed Regional Comprehensive Economic Partnership (RCEP) have now decided on a final 10-day window to bilaterally sort out pending differences in the mega trade deal, after which the leaders of the 16 nations will step in.
15-10-2019
B20 implementation to be looked at holistically
THE government plans to increase the demand for palm oil as much as 500,000 tonnes per year, which would lead to the implementation of biodiesel B20 (a blend of 20% palm oil and 80% fossil fuel) at the end of 2020.
15-10-2019
Exclusive: Indian buyers slash Malaysian palm oil purchases fearing duty hike - traders
Indian refiners have stopped buying Malaysian palm oil for shipment in November and December fearing New Delhi could raise import taxes or enforce other measures to curb imports from the Southeast Asian nation, five traders told Reuters on Monday.
15-10-2019
Indonesia oil palm plantations expanding despite moratorium
The Indonesian government has made little progress in tackling the expansion of oil palm plantations a year after President Joko “Jokowi†Widodo imposed a moratorium on the issuance of new permits, recent data reveals.
15-10-2019
Seize opportunities in biomass sector – Mohd Shafie
Palm oil industry players in Sabah have been urged to seize value-added opportunities in the biomass sector to boost Sabah’s industrialisation efforts.
14-10-2019
Palm oil inventory could rise in next few months
Plantation sector Maintain neutral: Malaysia’s crude palm oil (CPO) production in September rose for the third straight month, up by 1.1% month-on-month (m-o-m) to 1.84 million tonnes, due to higher production in Sabah (+9.6%) and Sarawak (+5.3%), but was partially offset by lower production in Peninsular Malaysia (-4.2%). Production is set to further increase over the next one to two months and peak from October to November, prior to the monsoon season. Overall, CPO production for the nine months of 2019 (9M19) was up by 9.3% year-on-year (y-o-y) to 15.19 million tonnes, underpinned by improving fresh fruit bunch yields and CPO oil extraction rates throughout Malaysia. We expect 2019 CPO production to rebound to 20 million tonnes from 19.5 million tonnes in 2018 (Oil World forecasts for Malaysia’s CPO production in 2019: 20.5 million tonnes; 2020: 20.3 million tonnes).
14-10-2019
Malaysian palm oil price snaps 5-day rally on news of possible Indian curbs
SINGAPORE/KUALA LUMPUR: Malaysian palm oil futures ended lower on Friday after five days of gains following news that India is considering restricting imports from Malaysia.