Berita Arkib

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.

Rubber is a blessed word in these difficult times as its transformation into gloves has proved life-saving with even the world’s largest economy singing praises of Malaysia’s gloves.

The oil price has fallen off a cliff due to Saudi Arabia and Russia flooding the market with increased oil and the drop off in global demand because of the COVID-19-induced economic crisis. According to Zero Hedge, the curtailment of activity that is suppressing consumption ‘will create the perfect storm of excess supply.’

In General Nakar, that means less than 15 Philippine pesos (30 U.S. cents) for a kilogram of copra, the dried kernel of the coconut from which coconut oil is made, or 7 pesos for a whole nut, the price Tena has been selling his coconuts.

As the July 2020 proposed take off of the implementation of the African Continental Free Trade Agreement (AfCFTA) draws closer, economic and trade analysts have listed some steps that should be taken by governments on the continent to ensure successful take-off of the pact in the face of COVID-19 disruptions in most economies

Cooking oil: We import over a million tons of palm oil a year. For the record, the global per capita average is around 4 kilograms a year while we end up consuming two to three times that average. Yes, palm oil has a “high saturated fat content which can be harmful to cardiovascular health.”

India has asked the countries, with which it has free trade agreements (FTAs), to allow imports of goods without certificate of origin for the time being as the domestic authorities are currently not issuing the document on account of lockdown due to COVID-19 pandemic

Blockchain firm BloomBloc and the Malaysian Palm Oil Council (MPOC) are piloting a traceability platform to improve palm oil supply chains and revenues. The initiative was announced at the recently held World Economic Forum (WEF) in Davos, Switzerland. Bloombloc has offices in Switzerland and Malaysia

Malaysian palm oil futures rose for a third session on Thursday as the extension of a coronavirus-driven lockdown in the world's second-largest palm producer deepened supply concerns, although falling demand capped gains.