Berita Arkib

U.S. corn and soybean futures drifted lower on Thursday as generally favorable Midwest crop weather bolstered expectations for large harvests, analysts said.

Cambodia’s government is pushing for free-trade agreement (FTA) talks with potential partners while seeking Russian’s help for a Eurasian Economic Union (EAEU) free trade agreement.

The Energy Ministry has ordered the Energy Business Department to discuss with Thai oil traders the prospect of using blockchain to facilitate palm oil trade.

Malaysian palm oil futures jumped nearly 2% on Wednesday on forecasts for lower production in May and tracking strength in rival soyaoil prices.

Malaysian palm oil futures edged higher on Wednesday, underpinned by a lower production outlook for the current month, but prices were capped as April inventories were at a five-month high and on worries over a coronavirus-led demand slump

Affin Hwang Capital research has maintained its underweight rating on the plantation sector as it expects crude palm oil (CPO) prices to remain under pressure amid continued weakening demand in producing countries.

The Indonesian government is considering alternate plans to increase subsidies for the country’s ambitious biodiesel programme after crude oil prices tumbled, a finance ministry official said on Wednesday.

The anticipated gradual recovery in palm oil export demand has driven plantation index on Bursa Malaysia to retain its steady performance.

Myanmar will add 12,000 tonnes of palm oil to its food reserves in the event of an emergency during the COVID-19 outbreak, said U Than Myint, Minister of Commerce.

Oil palm yield and by-products can be enhanced by 23 per cent from 19 per cent through upgrading and improving the technology at the plantation and production level, according to the Malaysian Palm Oil Board (MPOB).

Malaysian palm oil futures ended lower on Tuesday, hovering near a 10-month low hit last week, dragged by a higher-than-expected surge in April inventories amid slow exports due to the coronavirus pandemic.

WEAKER export demand for crude palm oil (CPO) and the delay in the B20 biodiesel mandate adoption to advance the use of palm oil in the transport sector could lift the country’s palm oil stockpile to more than two million by the end of the year.