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I ran traded 2.48 million tons of non-oil commodities worth $948.72 million with Singapore during the last Iranian year (ended March 20, 2019), registering a 7.84% growth in tonnage and 4.5% decrease in value compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.

Malaysian palm oil futures charted a third session of loses in four on Thursday evening, tracking weakness in overnight US soyoil prices and on forecasts of slower-than-expected declines in output.

Supporting the progress of BRI is an important manifestation of attaching importance to the relationship between Malaysia and China

Malaysia’s palm oil exports to China will likely see an additional 20% increase, or about 400,000 tonnes per year, following the latest palm oil supply memorandum of understanding (MoU) witnessed by Prime Minister Tun Dr Mahathir Mohamad and China’s Premier Li Keqiang in Beijing.The additional palm oil purchase by China was part of the re-negotiation between Malaysia-China at at the conclusion of the revised East Coast Rail Link project

Malaysian palm oil futures charted a third session of loses in four on Thursday evening, tracking weakness in overnight U.S. soyoil prices and on forecasts of slower-than-expected declines in output.

Malaysia is considering to elevate the issue of the European Commission’s delegated act to implement the European Union Renewable Energy Directive (EU RED II) for 2021-2030 to the dispute settlement mechanism under the World Trade Organisation (WTO).

A Memorandum of Understanding was signed Thursday (April 25) for China to buy an additional 1.9 million tonnes of the commodity, worth about RM4.56bil, from 2019 to 2023

Malaysian palm oil futures opened higher on Thursday, edging up to a three-session top.

Palm oil remains neutral in a range of RM2,140-2,191 per tonne, and an escape could suggest a direction.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets .on Thursday April 25.

Malaysian palm oil futures recouped earlier losses to close flat at the end of the trading day on Wednesday, helped by gains in the U.S. soyoil and on prospects of improving export demand

This is Dr Mahathir’s ninth official visit to the mainland since he became the prime minister the first time in 1981.