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ICE Canadian canola futures rose on Tuesday even as soyabean prices fell.

The impact of the COVID-19 pandemic on the economy of Sri Lanka like anywhere else in the world will be complex to predict in terms of magnitude, but directions are predictable. Being a trade dependent island nation, Sri Lanka will likely suffer from the expected recession in addition to the disruptions in global and domestic supply chains

After intense parley through several ministerial and secretarial meetings over past seven years, India refused to join RCEP in November 2019. It alleged that several significant issues, which it proposed, were not addressed. Vehement protests were made by farmers, manufacturers and industries against joining the trade block

Mumbai, Apr 29 (PTI) OILS (per 10 Kgs) G.Nut Raw 1340.00 Kardi Expeller

Malaysian palm oil futures rose on Wednesday, tracking stronger crude and soybean oil prices and supported by bargain-hunting, although concerns over weakening global demand due to coronavirus-driven lockdowns capped the gains

The government has high hopes that local arms manufacturers can step up their production capacity to facilitate its efforts to modernize Indonesia’s primary weapons defense system amid delayed plans to acquire foreign arms as a result of the COVID-19 outbreak.

Major plantation companies are already required to be certified under the Indonesian Sustainable Palm Oil (ISPO) scheme, which was introduced in 2011 in an effort to counter longstanding associations between Indonesian palm oil and deforestation, land disputes, and labor rights abuses.

The monthly demand for edible oils in the country has fallen by 30 per cent, even though at home consumption of cooking oil shot up by 20-25 per cent, according to the Indian Vegetable Oil Producers Association (IVPA), apex organisation of vegetable oil producers in the country.

A palm oil analyst has urged Putrajaya to go all out to repair diplomatic ties with New Delhi and work out a deal to bypass Indian restrictions on the import of refined, bleached and deodorised (RBD) palm oil.

Chicago Board of Trade soyabean futures declined on Tuesday, notching one week low as end-of-month positioning and a weak Brazilian real hurt US export prospects, traders said

Malaysian palm oil futures rose on Wednesday, tracking stronger crude and soybean oil prices and supported by bargain-hunting, although concerns over weakening global demand due to coronavirus-driven lockdowns capped the gains.

Malaysia is currently facing several challenges in continuing its growth trajectory, despite having made commendable progress over the past four decades, said Moody’s Analytics.