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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
Cameroon to import 90,000 tons of crude palm oil to guarantee supply for refiners this year
In Cameroon, refined vegetable oil and soap producers plan to import 90,000 tons of crude palm oil to supply refining plants.
FGV turns to RE as part of Covid-19 recovery strategy
KUALA LUMPUR: FGV Holdings Bhd plans to boost returns from its renewable energy projects as part of its recovery strategy from the Covid-19 pandemic.
Indonesia mulls future of B30 biodiesel mandate
Indonesia may scale back its 30pc biodiesel mandate (B30) for transport as it struggles to amass funding, according to the US Department of Agriculture.
Taiwan, Malaysia to Cooperate on Derivatives Market Development
The two exchanges will share information and best practices relating to product development, market operations, and other areas of common interest.
Indonesia govt allows Pertamina to sell unblended diesel to retailers
JAKARTA, May 18 (Reuters) - Indonesia’s Energy and Mineral Resources Ministry has issued a circular letter saying state oil company PT Pertamina is allowed to sell unblended diesel fuel to other fuel retailers, an official said on Monday.
PALM OIL
Malaysian palm oil futures rose 3% on Friday after exports rose in May and as the world's second-largest producer, Malaysia, scrapped its export duty on the commodity for June.
UK’s Gove says EU trade deal can be done despite talks stalemate
The United Kingdom left the EU on Jan. 31 but the main terms of its membership remain in place for a transition period until the end of this year to allow it time to negotiate a free trade agreement.
US-China tension intensifies
China responded by urging US to meet it halfway and strengthen cooperation in the fight against the Covid-19 pandemic. US consumer prices fell 0.8 per cent in April on a monthly comparison. Excluding fresh food and energies, core prices slid 0.4 per cent, the worst data since 1957
‘Tax relief’ budget being prepared
The government is planning to bring certain items from the higher duty slabs to lower duty slabs for reduction in customs duty at the import stage.
