|
CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
Import duty on RBD palm oil from Malaysia increased by 5% for 180 days
The import duty on RBD palmolein/palm oil originating in Malaysia and imported under the India-Malaysia Comprehensive Economic Cooperation Agreement was increased by five per cent to 50 per cent for a period of 180 days.
Better-for-you bakery: AAK presents multi-functional fat and oil solutions
09 Sep 2019 --- AAK has created several concepts to showcase the company’s fat and oil solutions that help bakers create indulgent and better-for-you non-dairy plant-based products consumers will embrace. The company’s newest global brand for plant-based foods, AkoPlanet, offers formulators a real-life solution for plant-based foods and supports AAK’s efforts to keep pace with consumers’ desires for clean label and sustainable products.
CPO to trade at RM1,900-RM2,200
PETALING JAYA: Crude palm oil (CPO) is expected to trade between RM1,900 and RM2,200 per tonne this month as rising optimism on lower stockpile will likely be offset by weaker demand from India following the major edible oil importer’s move to raise the import duty on palm oil by 5%, according to analysts.
Malaysian palm oil price reverses losses to rise ahead of official data release
KUALA LUMPUR:Malaysian palm oil futures pared most of early losses and rose on Friday ahead of a government data release, as polls forecast inventory levels in August falling to an over one-year low.
Malaysian palm oil price hits 2-week low as India raises import tax
Malaysian palm oil futures closed slightly lower on Thursday, having hit their weakest level in two weeks after top edible oil importer India raised the tax on refined palm oil from Malaysia to 50% from 45% for six months.
Mydin removes ‘palm-oil-free’ products from its stores
Malaysia’s biggest supermarket chain Mydin has removed products labelled palm-oil-free from its stores, its top executive said as part of a campaign by the world’s second-largest producer of the oil to protect the commodity’s image at home and abroad.
The other trade war—Japan vs South Korea
In terms of security, antagonistic Japan-South Korea relations would further polarize the already rivalrous relations in Northeast Asia
HK unrest shouldn't halt free trade agreement: Foreign Minister
Foreign Minister Marise Payne has urged the Hong Kong government to show a "commitment to negotiation" to end months of protests, as she welcomed its decision to withdraw an extradition bill that mobilised millions of opponents.
Oil price little changed as US crude stockdraw countered by demand fears
Oil prices were little changed on Thursday as support from a sharp drawdown in U.S. crude inventories was countered by fears of slowing global demand growth amid doubts over resolving the U.S.-China trade feud.
