Archived News

Toilet soap makers, led by Hindustan Unilever (HUL), have cut prices following muted growth in the category. Additionally, manufacturers have passed on cost benefits from low palm oil prices to boost market demand.

Indonesia and Mozambique have signed a preferential trade agreement (PTA), removing tariffs for hundreds of products to boost trade volume between the two nations, the Indonesian trade ministry said in a statement on Wednesday.

These practices include an integrated farmer guidance program, farmer organization empowerment and the implementation of a tracing program to track palm oil from the plantations to the refinery, among others.

Malaysian palm oil futures retreated from a more than six-month high hit the previous session on Tuesday, tracking weaker related oils on the US Chicago Board of Trade and China's Dalian Commodity Exchange.

Indonesia will keep export tax for crude palm oil (CPO) at zero

Although the palm oil industry is worth Rs.26 billion which is its contribution to the Sri Lankan economy, this is not a known fact.

The government, through this year’s National Coconut Week celebration that kicked off on August 24, wants to remind (again) the nation of the importance of the tree of life to the country’s economy. Various activities have been lined up by government agencies to remind people of the benefits that can be derived from the coconut.

The 2019-20 U.S. corn and soybean marketing years begin on Sunday, but the amount of product sold for export through mid-month is dismal, dampening the chances of trimming domestic supplies over the next year

Outgoing European Union (EU) Ambassador to the Philippines Franz Jessen yesterday stressed the need to reach a free trade agreement (FTA) between the two parties to allow the Philippines to continue to benefit from the bloc even when its beneficiary status under the Generalized System of Preferences Plus (GSP+) expires.

Of the total budget, 13.3 billion baht is for the price guarantee programme for rice, 21.4 billion for oil palm and the remaining 25 billion is to subsidise production costs for rice farmers.

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange closed down 1.3% at 2,239 ringgit ($534.37) per tonne, snapping five days of gains.

Unions have urged the Morrison government to put a free-trade deal with Hong Kong on hold until concerns over human rights abuses of pro-democracy protesters are resolved.