Berita Arkib

Wanting to forge new trading relationships after Brexit and securing them are two very different things.

Australia’s trade minister has said his country is ready to sign a fast-tracked trade agreement with the UK in the event of a no-deal Brexit, but poured cold water on Britain’s ambition to join the Trans-Pacific Partnership regional bloc.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Feb 15.

Malaysian palm oil futures jumped more than 1 percent in the second half of trade on Thursday, ending the day higher on expectations of slowing February output in line with seasonal trend and improving exports.

The Farmers’ Organisation Authority (LPP) plans to develop a large-scale coconut plantation in Johor as part of the government’s plan to help farmers cope with the fluctuating price of crude palm oil (CPO).

Bursa Malaysia closed higher on Thursday after the economy in the fourth quarter grew above expectations and Bank Negara expects steady growth for this year.

TSH Resources Bhd’s earnings are expected to come in stronger on the back of higher fresh fruit bunches (FFB) production and recovery in crude palm oil (CPO) prices over the next two years.

Palm oil imports declined by 2.31 percent to 8,15,236 tonne in January from the year-ago period, industry body Solvent Extractors Association (SEA) said Thursday. It, however, indicated higher shipments of RBD palmolein in coming months from Malaysia due to lower duty.

Malaysian palm oil futures edged higher at the midday break on Thursday, in line to chart a first day of gains in five, on expectations of slowing February output in line with seasonal trend.

The European Commission, the entity responsible for negotiating trade deals on behalf of the European Union, announced last week that they will now allow soybeans grown in the United States to be used for biofuel in the EU. This move came as part of a campaign to improve trade relations with the United States. The European Commission’s statement stipulates that the allowance of U.S. soybeans for use in biofuels will be valid until July 1, 2021, with a possible extension if the deal meets the sustainability criteria set by the EU in the future (2021-2030).

Malaysia's economy expanded 4.7% on an annual basis in the final quarter of 2018, ending the quarterly falls that began a year ago, as private spending resumed after the historic change of government last May.

Renewable ethanol association ePure’s secretary general Emmanuel Desplechin has responded to the EU Commission’s draft surrounding high risk indirect land-use change (ILUC) biofuels and the shift of focus away from unsustainable sources of palm oil.