Archived News
11-06-2019
Championing palm oil's cause
A RECENT European Union (EU) plan proposing to restrict palm oil in its biofuel programme has once again put the palm oil industry into public scrutiny, requiring palm oil producers to demonstrate their commitment to sustainable production.
11-06-2019
U.S. Reps. Call for Immediate Extension of Biodiesel Tax Incentive
More than 20 members of Congress across 12 states are pushing for an immediate extension of the expired tax incentive for domestic biodiesel production.
11-06-2019
China's Soy Imports for May Hit 4-Year Low as Virus Kills Hogs
China’s soybean purchases dropped 24% in May from a year earlier after the spread of African swine fever hurt demand for the animal feed ingredient, and as the trade war with the U.S. led the world’s biggest buyer to halt purchases of American beans.
11-06-2019
Palm oil may fall into 1,960-1,997 ringgit range
SINGAPORE: Palm oil may break a support at 2,019 ringgit per tonne and fall into a range of 1,960-1,997 ringgit.
11-06-2019
Why the US-China trade war is leaving firms vulnerable to soy risk
Consumers are increasingly aware of the planetary implications of their diets, and only those living under a rock will have failed to notice the market shifting accordingly: Rapidly growing numbers of people are cutting down on meat or identifying as vegetarians or vegans, and food retailers are scrambling to offer more meat and dairy-free products.
10-06-2019
More incentives in store for sustainable palm oil
KUALA LUMPUR: The government is ready to dish out additional incentives to encourage oil palm planters to embrace the Malaysian Sustainable Palm Oil (MSPO) certification, which is aimed at boosting the crop’s profile in the global market.
10-06-2019
May palm oil stocks easing to 10-month low
KUALA LUMPUR: Malaysia’s palm oil stocks likely hit a 10-month low by end-May, according to a Reuters survey, logging a third straight month of fall due to a dip in output and rise in exports.
10-06-2019
CPO futures likely to trade lower next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade lower next week with prices ranging between RM1,900 and RM1,950 per tonne amid expectations of a stronger ringgit against the US dollar.
10-06-2019
CBN blocks smugglers’ accounts in textile, rice, palm oil industries
The Governor, Central Bank of Nigeria, Godwin Emefiele, has said the bank has blocked the accounts of some smugglers sabotaging Nigeria’s economy in the textile, rice and palm oil industry.
10-06-2019
IMF forecasts global slowdown
IMF forecasts the GDP growth for China will be lowered to 6.2 per cent in 2019 from 6.3 per cent recorded in the previous year. The impact of trade war is expected to wipe out US$455 billion off the global GDP next year.
10-06-2019
Palm oil may fall into RM1,960-1,997 range
SINGAPORE (June 10): Palm oil may break a support at RM2,019 per tonne and fall into a range of RM1,960-1,997.
04-06-2019
Would a trade deal with Trump boost Brexit Britain?
The benefits of such an accord, the US president contended, would far outweigh any losses caused by Britain’s exit from the EU. “We have tremendous potential to make up more than the difference,†he told The Sunday Times. “One of the advantages of Brexit is the fact that now you can deal with the number one country by far.†At the end of his first day in London, Mr Trump followed up with a tweet.