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MARKET DEVELOPMENT
06-03-2019

Teck Guan, Sarawak Oil Palms rise after units ink deals to sell palm oil to China

Shares in Teck Guan Perdana Bhd and Sarawak Oil Palms Bhd rose significantly today after China signed four purchase intent documents for the export of 1.62 million tonnes of palm oil from Malaysia â€” two of which were inked with Teck Guan's and Sarawak Oil Palm's subsidiaries.

MARKET DEVELOPMENT
06-03-2019

CME Group sees CPO prices recovering in 2019

Mild weather conditions, the rationalisation of palm oil inventories in Malaysia and Indonesia, as well as the US-China trade war are expected to be favourable for crude palm oil (CPO) prices this year, according to derivatives giant CME Group.

MARKET DEVELOPMENT
06-03-2019

Malaysia's c.bank holds key rate, sees 'steady' growth path

Malaysia's central bank kept its key interest rate unchanged on Tuesday, as expected, expressing confidence that the economy can stay on a "steady growth path" despite multiple risks.

MARKET DEVELOPMENT
06-03-2019

Plantations Director General Urges Palm Oil Companies to Prioritize ISPO Standards

Kasdi Subagyono, director general of plantations at the Ministry of Agriculture, has urged palm oil companies to mainly focus on complying with the standards and criteria set out in the Indonesian Sustainable Palm Oil, or ISPO, policy.

MARKET DEVELOPMENT
06-03-2019

Low business confidence due to external uncertainties â€” Maybank CEO

Malayan Banking Bhd (Maybank) chief executive officer (CEO) Datuk Abdul Farid Alias said the fall in business confidence in the country in the first quarter of 2019 â€” the first time in two years â€” is due to external uncertainties such as the US-China trade war and Brexit.

MARKET DEVELOPMENT
06-03-2019

Biodiversity crisis: Technological advances in agriculture are not a sufficient response

Rapid population and economic growth are destroying biological diversity -- especially in the tropics. This was reported by a research team led by the German Centre for Integrative Biodiversity Research (iDiv) and the Martin Luther University Halle-Wittenberg (MLU) in Nature Ecology & Evolution. A constantly growing demand for agricultural products requires ever new cultivated areas. Even though technological advances are making agriculture ever more efficient, the growing number of people makes up for these successes. The study shows: an effective nature conservation policy needs concepts against population growth and for sustainable consumption.

MARKET DEVELOPMENT
06-03-2019

Higher demand, declining reserves to support palm oil prices -analyst Fry

Palm oil prices are likely to be supported in 2019 by rising consumption, falling inventories and slowing growth in production of the edible oil, a leading industry analyst told Reuters on Tuesday.

MARKET DEVELOPMENT
06-03-2019

Toshiba to build biomass power plant in Fukuoka

Toshiba Energy Systems & Solutions Corp, based in Kawasaki, Kanagawa Prefecture, will build a thermal power plant using imported biomass as fuel in Omuta City, Fukuoka Prefecture.

MARKET DEVELOPMENT
06-03-2019

Palm oil may retest support at 2,117 ringgit

Palm oil may retest a support at 2,117 ringgit per tonne, a break below which could cause a loss to the next support at 2,094 ringgit.

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