Archived News
16-05-2019
CBN Governor Reveals Commodity More Expensive Than Crude Oil
The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has noted that the price of palm oil is greater than crude oil.
16-05-2019
Palm oil imports drop 9.17% in April
New Delhi: Palm oil imports dropped 9.17 per cent to 7,07,450 tonnes during April this year, industry body Solvent Extractors Association (SEA) said on Wednesday.
16-05-2019
Indonesia’s palm, palm kernel oils exports up 15.8pc y/y in March
Indonesia’s palm and palm kernel oil exports in March rose 15.8pc from the same month a year earlier to 2.78 million tonnes, the Indonesia Palm Oil Association (GAPKI) data showed on Wednesday.
16-05-2019
Brazil soy exports to China fall 13% in 2019 - report
Brazilian exports of soybeans to China, by far their largest market, fell 13 percent in the first four months of 2019 versus a year ago, according to a report from Cargonave shipping agency released on Wednesday.
16-05-2019
‘Indonesia accords priority to pharma industry’
In doing so, Indonesia sought to draw on the expertise of India, an approach that assumes significance in the backdrop of the ambitious goal the two countries had set last year to more than double the bilateral trade by 2025.
16-05-2019
Teresa Kok: Europe offers better opportunities for palm oil market
In the face of the impending passing of the Delegated Act to phase out palm oil by the European Union, Primary Industries Minister Teresa Kok is positive that all is not lost as her European mission on palm oil has opened more doors for negotiations
16-05-2019
We will grow palm oil sector again, it’s more lucrative than crude, says Emefiele
GOVERNOR of the Central Bank of Nigeria (CBN), Godwin Emefiele, says Nigeria will aim to grow the palm oil sector again as the price is higher than that of crude oil in the international market
16-05-2019
Edible oil makers cut prices by up to Rs 2/litre
Leading branded edible oil producers have cut their product prices by up to Rs 2 a litre (around 4 per cent on average) — the second price cut in the last two months — to pass on the decline in the crude palm oil (CPO) to consumers.
15-05-2019
Subsidies encourage farmers to grow more soybeans
The planting of soybeans has increased this spring because of encouragement in the form of increased subsidies, the Ministry of Agriculture and Rural Affairs said on Tuesday
15-05-2019
Trump calls trade war with China 'little squabble,' says talks ongoing
U.S. President Donald Trump on Tuesday called the trade war with China "a little squabble" and insisted talks between the world's two largest economies had not collapsed, as investors remained on guard for a further escalation of tit-for-tat tariffs
15-05-2019
Malaysian palm oil price climbs more than 1% as ringgit weakens
Malaysian palm oil futures rose more than 1% for a second day of gains on Tuesday, supported by a weaker ringgit and expectated higher demand in May
15-05-2019
US-China trade war: No strategy in Trump’s tariff push
As China and the US dig in for what may become a protracted and possibly very painful trade war, a lot of time is being wasted trying to divine whether president Donald Trump has a strategy.