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MARKET DEVELOPMENT
29-11-2019

EU risks splits over Brexit trade talks, says new council chief

In one of his first interviews since being nominated president of the European council, Charles Michel said Brexit may have played an important role in bringing the EU together.

MARKET DEVELOPMENT
29-11-2019

Palm oil edges higher

Malaysian palm oil futures closed higher on Wednesday, supported by bargain buying after the previous sessionâ€™s losses, although gains were capped by cheaper rivals on the Dalian and a stronger ringgit.

MARKET DEVELOPMENT
29-11-2019

Indonesia sees B30 biodiesel programme reducing fossil fuel use by 165,000 bpd

Implementation of Indonesia's plan for biodiesel to contain 30% palm-based fuel is expected to reduce fossil diesel fuel consumption by 165,000 barrels per day (bpd), a senior energy ministry official said on Thursday.

MARKET DEVELOPMENT
29-11-2019

China soy, palm oil markets surge on swine fever spillover

Investors have stampeded into Chinaâ€™s edible oil markets, drawn by the volatility caused by the nation-wide outbreak of African swine fever that curbed oilseed crushing, slashed pork output and forced food courts and restaurants to change up menus

MARKET DEVELOPMENT
29-11-2019

Over RM40m spent on palm oil R&D since 2016

THE government has spent over RM40.1 million on the nationâ€™s palm oil research and development (R&D) programmes between 2016 and September this year.

MARKET DEVELOPMENT
29-11-2019

Teresa Kok: Donâ€™t write off Malaysian palm oil yet

Palm oil, as the most cost-effective oil would continue to play a pivotal role, says Primary Industries Minister Teresa Kok.

MARKET DEVELOPMENT
29-11-2019

Malaysia's FGV sees palm oil prices at 2,200-2,400 ringgit/T in Q4

Malaysiaâ€™s FGV Holdings Bhd , the worldâ€™s largest palm oil producer, on Thursday forecast crude palm oil (CPO) prices in the range of 2,200 to 2,400 ringgit in the fourth quarter due to sustained demand in key markets.

MARKET DEVELOPMENT
29-11-2019

European businesses call for constructive dialogue on palm oil

Amid increasing trade tensions between Indonesia and the European Union, European businesses called for constructive dialogue over the contentious issue of palm oil on Thursday as they seek to expand trade and investment in Indonesia.

MARKET DEVELOPMENT
29-11-2019

Malaysia counts on South Korea to relax tocotrienols import rules

Malaysia is not only appreciative of the interest shown by South Korea to purchase its palm oil but also counting on the latter to relax its regulation on the import of tocotrienols (vitamin E) which are present in the commodity.

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