Archived News

KUALA LUMPUR: Malaysia’s trade is targeted to hit RM2 trillion this year, according to International Trade and Industry Ministry, despite easing 2.5 per cent to RM1.83 trillion last year from RM1.88 trillion in 2018.

PUTRAJAYA: Pakistan is ready to import more palm oil from Malaysia, which is seeking other markets following controls imposed by India on refined palm oil imports.

KUALA LUMPUR: Malaysia is expected to achieve an export growth of 1.5% year-on-year (y-o-y) this year, underpinned by commodity-based sectors, according to economists.

JAKARTA, Feb 4, Straits Times/ANN - Indonesia will not ban food and beverages imports from China amid the growing spread of the coronavirus, said a close aide of President Joko Widodo, refuting comments by another minister.

Malaysia is to send a delegation to Europe by the end of February to present its newly adopted measures to make palm oil production sustainable, in a move that aims to circumvent a progressive European Union phase-out of palm oil by 2030.

CORONAVIRUS | The novel coronavirus outbreak in China is expected to have a temporary impact on commodities prices, especially crude palm oil (CPO).

JAKARTA, Feb 4 - Malaysian palm oil futures rose more than 2% on Tuesday as lower production and gains in its main oilseed rivals buoyed prices, although concerns about China's coronavirus outbreak and its impact on demand capped gains.

KUALA LUMPUR: Malaysia’s total trade is expected to reach RM2 trillion in 2020, said Deputy International Trade and Industry Minister Dr Ong Kian Ming.

JAKARTA (Feb 3): The world's top palm oil producer Indonesia exported a record 36.18 million tonnes of palm oil and its products, including biodiesel and oleochemical last year, data from the Indonesia Palm Oil Association (GAPKI) showed on Monday.

KUALA LUMPUR (Reuters) - Malaysian palm oil futures could fall below 2,500 ringgit over coming weeks if the spread of a deadly coronavirus in China continues to disrupt travel and normal activity in the world’s second-largest palm oil importer, brokers and traders said.

KUALA LUMPUR: Malaysia said on Tuesday that India’s move to cut back on palm oil purchases is “temporary” and will be resolved amicably between the two nations.

NEW DELHI (BERNAMA) – India’s Finance Ministry has issued a notification that said the import tax on crude palm oil (CPO) will be 44 per cent, but trade sources point out there is no change in the existing duty structure on cargoes from ASEAN.