Archived News
06-09-2019
Malaysian palm oil price hits 2-week low as India raises import tax
Malaysian palm oil futures closed slightly lower on Thursday, having hit their weakest level in two weeks after top edible oil importer India raised the tax on refined palm oil from Malaysia to 50% from 45% for six months.
06-09-2019
Mydin removes ‘palm-oil-free’ products from its stores
Malaysia’s biggest supermarket chain Mydin has removed products labelled palm-oil-free from its stores, its top executive said as part of a campaign by the world’s second-largest producer of the oil to protect the commodity’s image at home and abroad.
06-09-2019
The other trade war—Japan vs South Korea
In terms of security, antagonistic Japan-South Korea relations would further polarize the already rivalrous relations in Northeast Asia
06-09-2019
HK unrest shouldn't halt free trade agreement: Foreign Minister
Foreign Minister Marise Payne has urged the Hong Kong government to show a "commitment to negotiation" to end months of protests, as she welcomed its decision to withdraw an extradition bill that mobilised millions of opponents.
06-09-2019
Oil price little changed as US crude stockdraw countered by demand fears
Oil prices were little changed on Thursday as support from a sharp drawdown in U.S. crude inventories was countered by fears of slowing global demand growth amid doubts over resolving the U.S.-China trade feud.
06-09-2019
S Jaishankar holds bilateral talks with Indonesian counterpart
India and Indonesia last year agreed to set up a special task force to enhance connectivity between the strategic Andaman and Nicobar Islands and provinces in Sumatra Island
06-09-2019
EU warns Indonesia about retaliating against biodiesel duties
European Union representatives to Indonesia on Thursday challenged a plan to impose duties on European dairy goods in retaliation for the bloc’s duties on palm biodiesel, warning such action would violate World Trade Organization rules
06-09-2019
Expert Disagrees With EU’s Palm Oil Concerns, Says Forest Will Be Replenished
A Nigerian palm oil expert, John Omale, has said that he disagrees with concerns been spread by the European Union and other global warming advocates that palm oil cultivation was contributing to global deforestation.
06-09-2019
Weak cues dip soya oil
Baring groundnut and palm oil, the majority of oils traded low on weak global cues and physical demand with soya refined being quoted at ₹748-50 for 10 kg, while soy solvent ruled at ₹715-720
06-09-2019
Malaysia's top supermarket chain bans 'palm-oil-free' products, government urges others to follow
Malaysia’s biggest supermarket chain Mydin has removed products labeled palm-oil-free from its stores, its top executive said on Thursday, as part of a campaign by the world’s second-largest producer of the oil to protect the commodity’s image at home and abroad.
06-09-2019
Connected forests key to more sustainable palm oil industry: report
Researchers in the U.K. are calling for stronger criteria to ensure that high-quality forested areas remain intact, even if they run through oil palm plantations
06-09-2019
EU denies launching campaign against Indonesian palm oil
Denying the accusation that it launched a black campaign against Indonesian palm oil, the European Union (EU) said the market had put the label of "palm-oil free" in their products to attract their consumers.