Berita Arkib

As the top two biggest producers, Indonesia and Malaysia, which contribute 87 per cent of the global palm oil supply, thus creating a duopoly market, strive to meet the growing global demand, but obstacles in the form of insufficient supply, volatility in crude palm oil (CPO) price and labour shortage still remain for Malaysia.

The minister stated this during the weekly meeting of the National Price Monitoring Committee (NPMC) met to review the price trend of essential commodities especially wheat, sugar and edible oil during the week.

The country's exports to FTA partners fell 3.9 percent on-year to $383.1 billion and imports declined 1.3 percent to $323 billion, according to the data compiled by the Korea Customs Service.

The government had to approve the hike in tariff given that this is a critical condition of the International Monetary Fund (IMF) without which a staff level agreement on the second mandatory review would not be possible – an agreement that would in turn allow for the disbursement of the second tranche of the 6 billion dollar Extended Fund Facility programme.

Labour shortage is more detrimental to both estates and smallholders in Malaysia’s oil palm industry than a global price drop, according to a Khazanah Research Institute (KRI) study.

Malaysia is in the process of instituting legal action at the global trade watchdog, the World Trade Organization (WTO), against the EU and member states France and Lithuania, in particular, for restricting palm oil-based biofuel production

Indonesian agricultural exports grew 15.8% in 2020 compared to the year earlier, the country's agriculture minister told parliament on Monday.

Palm oil may break a resistance at 3,300 ringgit per tonne and rise to a range of 3,348-3,381 ringgit, as the fall from the Jan. 6 high of 3,888 ringgit has completed.

Malaysian palm oil futures extended losses for a second session on Monday, tracking declines in rival vegetable oils on the Dalian Commodity Exchange and Chicago Board of Trade (CBOT).

Malaysia's largest palm oil producing state Sabah will not impose a shutdown on plantations despite a rise in coronavirus infections in the sector, but urged estates to tighten its compliance of Covid-19 prevention measures.

The German confectionery industry has reaffirmed its position of supporting ethically monitored production methods across the value chain, including palm oil processing – which is now reportedly 94% certified from sustainable sources, writes Neill Barston

U.S. corn and soybean futures rallied on Monday as commercial and technical buyers stepped in to take advantage of Friday's steep declines, analysts said.