Berita Arkib

US crude prices fell to an 18-year low and Brent lost more than 6% on Wednesday after the United States reported its biggest weekly inventory build on record, while global demand is expected to fall to quarter-century lows due to the coronavirus pandemic

The Ministry of Commerce has tabled major proposals for rationalisation of customs tariff including elimination of fifth schedule of Customs Act, introduction of zero slab and removing additional customs duty and regulatory duties in phased manner starting from next budget for 2020-21.

Malaysian palm oil futures climbed for the third day on Thursday, tracking higher oil, but gains were capped by a drop in exports due to the coronavirus-driven lockdowns

Global demand for oil will fall this year by the most ever due to the economic lockdowns enforced around the world to contain the coronavirus pandemic, the International Energy Agency said Wednesday

Plantation experts are concerned over crude palm oil (CPO) exports from May onwards, as many nations are still battling against the COVID-19 pandemic, with no vaccine in sight to date.

Europe has recently amended regulations to limit future imports of palm oil for biofuels. But rising demand in Indonesia, Malaysia and China could make up for this market shift in Southeast Asia, where roughly 90% of the world’s palm oil is produced

The Malaysian Palm Oil Board (MPOB) will issue a reminder to palm oil mills on compliance with environmental regulations to prevent river pollution.

Malaysian palm oil futures recouped early losses on Tuesday supported by the prospect of a lower-than-expected fall in exports between April 1-15, although concerns over rising stockpiles due to slowing demand capped gains.

a few news reports in a couple of international media recently about a startup based in New York that is ready to go big in producing synthetic palm oil as an alternative to natural palm oil

Global oil-producing nations are expected to reduce production by as much as 19.5 million barrels per day, but those cuts are being implemented slowly and in some cases will not start for weeks

Canadian canola futures fell on Monday, caught up in broad sell-off in global vegetable oil markets, traders said.

Chicago soybean futures slid lower on Tuesday as fears of demand destruction for livestock feed due the closure of several U.S. meat packing plants hung over the market.