Berita Arkib

KUALA LUMPUR: Malaysian palm oil futures climbed more than 1% on Tuesday, recovering from two previous sessions of sharp declines on expectations of upbeat official industry data due later this week.

PETALING JAYA: The earnings outlook for most plantation companies will likely remain uninspiring in the second quarter of this year.

DESPITE the stabilising palm oil demand from the domestic market and recovery in the commodity’s price, the plantation segment on the local bourse had reported a lower quarterly results for the first quarter of 2019 (1Q19).

JAKARTA, June 11 (Reuters) - Indonesia aims to double trade with Chile under their comprehensive economic partnership agreement (CEPA) which will come into operation in mid-August, Trade Minister Enggartiasto Lukita said on Tuesday.

Refined soya oil prices rose 0.3 per cent to Rs 746.5 per 10 kg in futures trade Tuesday as speculators raised their bets amid upsurge in demand at the spot market.

Korea has in principle signed off on a free trade agreement with the U.K. in case the island country crashes out of the EU without a deal.

KUALA LUMPUR: Malaysian palm oil futures fell nearly 2% on Monday to their lowest in a month, weighed down by losses in soyoil on the U.S. Chicago Board of Trade (CBOT) and weaker export demand.

A RECENT European Union (EU) plan proposing to restrict palm oil in its biofuel programme has once again put the palm oil industry into public scrutiny, requiring palm oil producers to demonstrate their commitment to sustainable production.

More than 20 members of Congress across 12 states are pushing for an immediate extension of the expired tax incentive for domestic biodiesel production.

China’s soybean purchases dropped 24% in May from a year earlier after the spread of African swine fever hurt demand for the animal feed ingredient, and as the trade war with the U.S. led the world’s biggest buyer to halt purchases of American beans.

SINGAPORE: Palm oil may break a support at 2,019 ringgit per tonne and fall into a range of 1,960-1,997 ringgit.

Consumers are increasingly aware of the planetary implications of their diets, and only those living under a rock will have failed to notice the market shifting accordingly: Rapidly growing numbers of people are cutting down on meat or identifying as vegetarians or vegans, and food retailers are scrambling to offer more meat and dairy-free products.