Berita Arkib

China will impose an additional 5%-10% import tax on four US-origin soybean varieties from September 1, the Ministry of Finance announced Friday.

Malaysia was chastised for the so-called destruction of forests to replace them with oil palm, rubber and durian trees.

US President Donald Trump alleged that China has been cheating in bilateral trades for 25 years. The comments came hours before Trump administration approved the sale of arms to Taiwan worth US$2 billion.

Primary Industries Minister Teresa Kok is in talks with other ministries to correct the trade imbalance with India so that more palm oil can enter the India market at a lower import duty.

Malaysia's Trade Minister says the United States' clear intention to isolate itself from the rest of the world has given new imperative for countries in the Asia Pacific, including Australia, to co-operate on trade and investment.

The Ministry of Primary Industries will hold discussions with the Ministry of Agriculture and Agro-Based Industry as well as the Ministry of International Trade and Industry to discuss on measures to create a better trade balance between Malaysia and India for the palm oil market.

The ongoing trade war with China is impacting many industries. Market volatility is being exacerbated by President Trump's pattern of vacillating between threats and cease-fires on the topic

Bangladesh and Argentina have agreed in principle to boost bilateral trade by taking necessary steps through identifying the sectors of mutual cooperation.

The country also spends between $600 and $800 to import a tonne of the commodity.

The government will continue to drive the Love MY Palm Oil campaign aggressively via the Ministry of Primary Industries (MPI) to ensure palm oil production reaches approximately 20 million tonnes annually for export purposes and to seek for new markets.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to decline next week on profit-taking activities.

India plans to impose an extra 5% tax on vegetable oil imports within weeks and use the revenue to help boost the country's stagnating oilseed production, two government sources said.