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Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
CPO prices seen at RM4,400-RM4,600 on tighter supply
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
Ministry optimistic of CPO price reaching RM2,600
The Ministry of Plantation Industries and Commodities (MPIC) is optimistic that the price of crude palm oil (CPO) will continue to rise up to RM2,500-RM2,600 per tonne by the end of this year.
Palm oil futures track Dalian palm, soyoil higher
Malaysian palm oil futures rose for a fourth straight session on Tuesday, tracking gains in Dalian palm and rival soyoil.
India looks to increase barriers on imports from South-east Asia via China
India is planning to raise quality standards of imports, impose quantity restrictions, mandate stringent disclosure norms and initiate more frequent checks at ports of entry for goods coming from many Asian countries, the officials said, declining to be named as they were not authorised to talk to the media.
India-ASEAN Free Trade Agreement review can double bilateral trade: Hardeep Puri
The Asean Agreed to India’s request for review of the FTA as the trade deficit with the 10-member grouping rose from around $5 billion in FY11 to $21.8 billion in FY19.
GDP growth cannot be measured in one year – Darell
Parti Warisan Sabah (Warisan) deputy president Datuk Darell Leiking blasted former prime minister, Datuk Seri Najib Razak, for saying that the Warisan government had failed in improving the state’s GDP growth.
RCEP signing expected to proceed in November, says Azmin
The Regional Comprehensive Economic Partnership (RCEP) participating countries (RPCs), including Malaysia, are expected to proceed with the signing of the agreement in November, according to International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali.
Palm oil surges 3% on higher rival oils, better July exports
The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange advanced 3.06 per cent to 2,759 ringgit ($651.48) per tonne at 0244 GMT, its third straight day of gains
CBN partners Imo govt to boost oil palm production
To ensure economic diversification from oil to non-oil sectors, the Central Bank of Nigeria (CBN) has entered partnered with the Imo State government to boost palm oil and allied products through the state owned Adapalm Oil Company, Ohaji.
The State of the Nation: Foreign labour freeze a blow for dependent industries
Human Resources Minister M Saravanan announced a freeze in the new intake of foreign labour, which would be in effect until year-end. The reasoning behind this was to reduce the number of foreign workers as well as prioritise locals for jobs
