Berita Arkib

Futures contracts of all components of the edible oil basket traded higher on domestic exchanges today

Malaysia has reduced its export duty on crude palm oil to 4.5% for May from 5% in April, the Malaysian Palm Oil Board said on Monday, citing the national customs department

The EU-Vietnam Free Trade Agreement (EVFTA) was approved by the European Parliament in February 2020 and is expected to be approved by the National Assembly of Vietnam at its meeting in mid-2020. Although the COVID-19 outbreak may delay the meeting, the approval of the Agreement is a top priority.

Malaysian palm oil futures eased on Monday, pressured by falling exports amid higher March inventories as global lockdowns to stem the spread of the coronavirus curbed demand

Malaysia’s palm oil inventory rose to 1.73 million tonnes in March, its first increase after five straight months of declines, as production exceeded total consumption.

Malaysia’s exports in April 1-10 fell between 6.6% and 12% from the month before, cargo surveyors said on Friday.

he second round of negotiations for a Cambodia-China Free Trade Agreement highlighted the potential for expanding trade, investment, services, and strengthening cooperation between the two countries in the upcoming years, Ministry of Commerce secretary of state Sok Sopheak said in a press release on Friday

The Plantation Industries and Commodities Ministry (KPPK) is ready to assist the Sabah government ensure oil palm plantations and mills comply with Movement Control Order (MCO) directives following the state government’s decision to allow them to operate throughout the MCO.

For the week ahead, prices are expected to head towards Rs 680 per 10 kg. Demand is good across the house hold segment

The government has increased the Special Commodity Levy on palm oil by Rs 100 with effect from April 10

Lower palm oil export numbers will likely persist if the spread of the Covid-19 is not controlled, but analysts believe that demand is largely recession-proof.

he Italian Union for Sustainable Palm Oil has identified five challenges in promoting a culture of sustainability for the commodity in Italy, which includes poor recognition of products containing certified sustainable palm oil.