Berita Arkib

US corn futures fell more than 1% on Monday on slowing grain demand from ethanol makers, as tightening coronavirus pandemic travel restrictions limited demand for the biofuel.

The Malaysian state of Sabah, the country's biggest palm oil producer, has extended a shutdown of palm oil plantations until April 14 and widened the order to six districts, a state government document showed on Monday.

Atul Chaturvedi, president, SEA, said that edible oil is an essential commodity and its supply cannot be disrupted as it can have huge repercussions in the country. “As far as possible, we should try to run our factories continue dispatches.” SEA has around 800 members.

THE price of crude oil is expected to weaken further in April as the combination of lower demand due to the Covid-19 pandemic lockdowns and rising production levels leave the energy market in a supply glut.

Demand for vegetable oil in India is poised to fall for the first time in decades as restaurants have pulled down their shutters to comply with a government order that imposed a 21-day nationwide lockdown to stem the spread of the coronavirus.

Vegetable oil prices plummeted in the past month following collapse in crude oil prices and a slowdown in the global economy due to containment measures

The Council today adopted a decision on the conclusion of a free trade agreement (FTA) between the EU and Vietnam. This decision clears the path, on the EU side, for the entry into force of the agreement.

Malaysian palm oil futures rose on Monday, tracking higher edible oil prices and a weaker ringgit, but demand concerns capped gains as top buyer India has imposed a national lockdown due to the coronavirus pandemic.

In a trade notice, the commerce ministry said the offices of customs and other authorities that issue the certificates of origin are shut and are, therefore, unable to discharge their duties.

The Indonesian Palm Oil Producers Association (GAPKI) said in a statement on Tuesday that China's export volume fell by 381,000 tons or 57 percent.

Planters with oil palm estates and mills in Tawau, Lahad Datu and Kinabatangan in Sabah became the first casualty of a Covid-19 lockdown within the plantation sector in the country, say analysts.

The recent plunge in oil prices have caused a loss in profit margin to all oil producing countries.