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Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
CPO prices seen at RM4,400-RM4,600 on tighter supply
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
Govt to channel 50% of CPO windfall tax to biofuel fund
At least 50% of the crude palm oil (CPO) windfall tax will be channelled to the biofuel stabilisation fund, which is expected to be set up in the first quarter of this year, Primary Industries Minister Teresa Kok said.
Myanmar commodity prices tick up on higher demand
Palm oil prices are up by more than 35 percent over the past three months and now fetches more than K2100 per viss (1.63 kilogrammes).
Independent oil palm growers get more time after only 9% certified
The mandatory compliance of Malaysian Sustainable Palm Oil (MSPO) Certification for independent smallholders has been extended to next year, after only 9% obtained certification.
Malaysian palm oil falls
The benchmark palm oil contract for March delivery on the BMD closed down 72 ringgit, or 2.3%, at 3,044 ringgit ($742.08).
Global tensions fuel edible oil prices
Edible oil has seen a 20 percent rise in domestic prices in the last one month thanks to their soaring international rates, which will surely take another blow from the escalating crisis in the Middle East
Canadian canola futures lower
ICE Canadian canola futures closed lower on Friday, with the most-active March contract retreating from a two-month high in sympathy with declines in Malaysian palm oil and US soyaoil futures, traders said.
PEOC 2020 will be held in Karachi from 11th January
Pakistan holds a significantly higher ranking on the list of edible oil importing countries (third largest importer of the world), which it shall retain in decades to come due to persistent demographic, agronomic and geographic compulsions.
Trade gap shrinks: 31pc on low imports in first half
Trade deficit during first half of the fiscal year 2019/20 shrank 31 percent to $11.64 billion, compared to $16.97 billion in the same period last fiscal, mainly because of a slump in imports, the latest data showed.
Vietnam's dual foreign policy strategy
Vietnam has fulfilled its long-held dream of becoming a non-permanent member of the UN Security Council (2020-2021) at the same time as the country chairs 10-member Asean.
