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CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
Precious metals fall as Dow surges
THE Dow benchmark closed 834 points higher on the first market day of the week after Joe Biden won the presidential electoral vote. Aside from that, Pfizer and BioNtech claimed their vaccines on treating the Coronavirus Disease 2019 (Covid-19) are more than 90 per cent effective based on their trial results
Maybank IB Research raises IOI Corp to Hold, ups TP
IOI Corporation may not fully benefit from the recent spike in crude palm oil (CPO) price in 1QFY21E due to the usual one-month forward sales typical of integrated players, Maybank Investment Bank Research says.
Why this is no time for India to turn away from trade
After almost a decade of “negotiating with blood, sweat and tears,†as Malaysia’s trade minister put it, the Regional Comprehensive Economic Partnership was signed this weekend at the conclusion of an Association of Southeast Asian Nations summit. Fifteen countries — all of ASEAN, alongside Japan, South Korea, Australia, New Zealand and China — will be part of this giant trading bloc. Sixteen countries were due to join, of course, until India withdrew from negotiations.
Japan businesses expect RCEP deal to boost Asia trade and investment
Japanese business leaders welcomed the signing of the world’s largest trade deal by Tokyo and 14 other Asia-Pacific partners on Sunday, expecting a boost in trade and investment in the region and strengthening of supply chains.
S. Korea to hold 4th round of talks on amending FTA with Chile
South Korea will hold the fourth round of negotiations with Chile this week on revising their bilateral free trade agreement (FTA) that went into effect in 2004, Seoul's trade ministry said Monday.
15 Asia-Pacific nations sign trade agreement sans India
External Affairs Minister S Jaishankar sounded the alarm about Chinese expansionism a day before the 10-nation ASEAN signed a free trade pact with China and four other countries while India stayed away.
Lagos residents decry commodities price increase
As Nigerians continue to grapple with the impact of coronavirus pandemic, the cost of foodstuffs and other commodities have continued to increase astronomically.
Palm oil board hails move to legalise migrant workers
The Malaysian Palm Oil Board (MPOB) has welcomed the move to regularise undocumented migrant workers, saying it will help solve the sector’s persistent labour shortage
Palm oil falls
Malaysian palm oil futures fell for a second day on Friday, tracking losses in rival oils on the Chicago Board of Trade and the Dalian Commodity Exchange, with a weaker crude oil also weighing on prices.
