Berita Arkib

Oil futures rallied about 2 percent on Wednesday as U.S. crude inventories unexpectedly fell and an official forecast of crude oil supply growth from the world's top producer was revised lower.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership, also known as TPP11, took effect on December 30, 2018, creating a free-trade zone with some 500 million people, a combined GDP of about $10 trillion, and annual trade valued at about $5 trillion

The British parliament on Wednesday rejected leaving the European Union without a deal, further weakening Prime Minister Theresa May and paving the way for a vote that could delay Brexit until at least the end of June.

A complaint to the World trade Organisation (WTO) and a review of Asean-European Union (EU) relations are among the more drastic measures to be taken if discrimination against palm oil by the latter does not end.

Growth in the economy and urbanisation are pushing higher food demand in Africa, hence the world’s second most populous continent should be the new market for Malaysian palm oil exporters, says founder and director of Global Farm Trade Sandeep Singh.

Malaysian palm oil futures slid for a sixth consecutive session on Wednesday to their lowest in three months on pressure from expectations of lower demand in top importer India and rising domestic production.

Putrajaya is hoping that India would lower the import tariff for palm oil products further after concluding negotiations on the Regional Comprehensive Economic Partnership (RCEP), a move that could increase the demand for the commodity, said Deputy International Trade and Industry Minister Dr Ong Kian Ming.

The government has requested all palm oil repackers to include two logos on their packaging as part of a campaign to counter efforts to boycott palm oil products in Europe

Palm oil emerged as a flashpoint in a potential trade war between the European Union and some of the world’s largest developing nations after the bloc imposed stricter limits on how the crop can be used in green fuels.

Malaysia kept its export duty on crude palm oil for April at zero percent, according to a circular on the Malaysian Palm Oil Board's website on Wednesday that cited the national customs department.

The European Commission today decided that palm oil is not a green fuel and should not be promoted because it causes deforestation. The use of palm oil in diesel, which is driven by the EU’s renewable energy targets, will be gradually reduced as of 2023 and should reach zero in 2030 although exemptions remain.

Primary Industries Minister Teresa Kok today urged oil palm smallholders in Sarawak to obtain the Malaysian Sustainable Palm Oil (MSPO) certification as soon as possible.