Berita Arkib

Palm oil prices within the agricultural commodities are trading at multi-week lows. India is the biggest importer of palm oil in the world and much of it comes from Indonesia and Malaysia — the two countries account for 85 percent of the global palm oil produce.

Global food commodity prices saw a slight decline in July, led by lower prices for some cereals, dairy and sugar, more than offsetting firmer prices for meat and oils.

MALAYSIA’S International Trade and Industry Ministry (MITI) and the Primary Industries Ministry (MPI) are working together in seeking dispute settlements on the European Union’s (EU) decision to phase out palm oil imports.

* Market ends around seven-week high as demand supports * Palm oil to peak in 2,076-2,083 rgt/T range -technicals *

I Always feel sad when my country is wrong. That is exactly what happened.

Palm oil is the wonderstuff of fats. It makes our cookies crunchier, shampoo bubblier and lipstick smoother, all for a fraction of the price of other oils.

Indonesia's Palm Oil Association (GAPKI) urged the government to increase import tariffs on dairy products from the European Union in retaliation for the bloc's policies on palm oil.

The government has finally agreed to bear the costs incurred by smallhold farmers for obtaining Indonesia Sustainable Palm Oil (ISPO) certification, a senior minister has said.

Sri Lanka's Carsons Cumberbatch Plc, which owns oil palm farms in Malaysia and Indonesia and processing plants, said bumper harvests boosted volumes but prices fell to a 10 year low in late 2018.

Malaysia is set to replace Indonesia as the top palm oil supplier to India in 2019 as New Delhi has been charging lower import tax on refined palm oil shipments from Malaysia, giving Kuala Lumpur an edge over Jakarta, trade officials said.

Malaysian palm oil futures are forecast to rise to 2,200 ringgit ($534) a tonne by September as crop production rests in between high cycles, according to forecasts by analyst Dorab Mistry, before falling to 2,000 ringgit as stocks rise.

Palm oil prices are likely to recover in the second half of 2019, helped by a slowdown in production growth and rising demand from the biodiesel industry, leading industry analyst Thomas Mielke said on Tuesday.