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Malaysia raises palm oil export duty for April
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Middle East conflict boosts demand for alternative fuels
Palm falls on weak rival oils, crude oil prices, April demand concerns
Brent oil in bear market as China-U.S. trade tensions mount
Oil prices fell more than 1% on Tuesday, with Brent crude settling near seven-month lows below $60 a barrel as trade tensions between the U.S. and China intensified worries about weakening global demand.
Revenue dip for GGC after tough 3 months
The company's statement reported total revenue in the second quarter of 3.29 billion baht, down by 22% from the same quarter last year.
Malaysian palm oil price hits fresh 2-month peak on weaker ringgit
Malaysian palm oil futures reversed early losses to close higher on Tuesday, hitting a fresh two-month high on the back of a weaker ringgit and expectations of lower August production
Indonesia’s palm exports drop 5.24pc y/y in June, stock increases
Indonesia exported 2.17 million tonnes of palm and palm kernel oils in the month of June, the Indonesia Palm Oil Association (GAPKI) said on Tuesday.
Growing importance of Malaysia-China ties
Malaysia’s close ties with China goes way back to 1974 when the total bilateral trade was only RM159mil.
US formally declares China a currency manipulator after it allows yuan to drop
The US Treasury Department officially designated China a currency manipulator late on Monday afternoon, after Beijing let the yuan sink to its lowest level in 11 years in apparent retaliation for US President Donald Trump’s threats of new punitive tariffs on Chinese imports.
EU palm oil ban is Indonesia’s concern for Axiata-Telenor merger
The minister was quoted by Indonesian online business news portal Bisnis.com last week saying that a review is necessary because Telenor originated from the European Union (EU), which parliament has on June 10 passed laws to restrict and ban palm oil usage in biofuel by 2030.
China firms stop purchases of US farm produce
China may also impose additional tariffs on US farm products, the ministry said, raising the barrier to future trade that further targets rural states that supported US President Donald Trump in the 2016 election.
Price caps for cash crops in the works
The Ministry of Agriculture and Cooperatives is planning to spend 17 billion baht to guarantee the price of certain cash crops in the market.
