Berita Arkib

Indian refiners have resumed buying Malaysian palm oil after a gap of nearly a month and contracted around 70,000 tonnes of shipments in December as Kuala Lumpur has been offering a $5 per tonne discount over supplies from rival Indonesia, five traders told Reuters on Thursday.

Malaysia signed a pact on Thursday for exports of palm oil to south Asia next year, amid uncertainty over trade with India after its dealers last month urged a boycott of palm oil from the southeast Asian nation.

Uncovered documents show European Union officials had concerns palm oil regulations would jeopardize EU-Indonesia relations and break global trade rules under the World Trade Organization. But EU officials have been defiant in terms of an international legal challenge

Cambodia and China will launch the first official consultation on a bilateral free trade (FTA) agreement feasibility study in Beijing on Dec 3, according to an announcement on the Chinese embassy Facebook page .

Malaysia's palm oil exports for this year is set to tip last year's RM65.41 billion, as oil palm planters are hopeful that the recent rally in palm oil prices would sustain its momentum in the next few months.

MINISTER of Agriculture, Native Land and Regional Development Datuk Amar Douglas Uggah is appealing to oil palm smallholders to apply for Malaysian Palm Oil Board (MSPO) certification as soon as possible.

The resurgent palm oil sector is a major obstacle to growth in global soybean oil trade, said the US Department of Agriculture (USDA).

Malaysian palm oil futures slipped for the second straight session on Wednesday as rival oils on the Dalian Commodities Exchange fell, although a weaker ringgit and bullish export data limited the downside

India’s palm oil imports probably declined from a one-year high in October as traders and refiners trimmed buying after higher global prices made overseas supplies more expensive.

The Food Price Index of the Food and Agriculture Organisation (FAO) has shown that global food prices rose for the first time in five months.

The meeting assumes significance at a time when New Delhi has openly backed a bilateral deal with the US - a significant change in its position

Indonesia and Malaysia have long occupied the spotlight for oil palm plantations and their adverse consequences, including deforestation, habitat loss, climate change, and struggles with indigenous and local people.