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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
CBN blocks smugglers’ accounts in textile, rice, palm oil industries
The Governor, Central Bank of Nigeria, Godwin Emefiele, has said the bank has blocked the accounts of some smugglers sabotaging Nigeria’s economy in the textile, rice and palm oil industry.
IMF forecasts global slowdown
IMF forecasts the GDP growth for China will be lowered to 6.2 per cent in 2019 from 6.3 per cent recorded in the previous year. The impact of trade war is expected to wipe out US$455 billion off the global GDP next year.
Palm oil may fall into RM1,960-1,997 range
SINGAPORE (June 10): Palm oil may break a support at RM2,019 per tonne and fall into a range of RM1,960-1,997.
Would a trade deal with Trump boost Brexit Britain?
The benefits of such an accord, the US president contended, would far outweigh any losses caused by Britain’s exit from the EU. “We have tremendous potential to make up more than the difference,†he told The Sunday Times. “One of the advantages of Brexit is the fact that now you can deal with the number one country by far.†At the end of his first day in London, Mr Trump followed up with a tweet.
CBIP counts on plantation ops
Managing director Datuk Lim Chai Beng told StarBiz that yields from the oil palm trees are increasing steadily.
‘A planter extraordinaire’
IOI Group founder Tan Sri Lee Shin Cheng (pic) rose from humble beginnings to become a planter extraordinaire, says palm oil industry expert M.R. Chandran
Oil prices fall amid economic slowdown, despite ongoing OPEC supply cuts
Front-month Brent crude futures, the international benchmark for oil prices, were at $60.88 at 0038 GMT. That was 40 cents, or 0.7%, below last session's close
Asia stocks under more pressure on trade war angst
Asian stocks began the week on the back foot in the wake of trade-war jitters from US moves against Mexico and India to China’s retaliation against American measures. The yen held near a six-month high.
MPSO certification crucial: MPOB
The Primary Industries Ministry and Malaysian Palm Oil Board (MPOB) will continue to raise awareness amongst oil palm smallholders to comply with standards under the Malaysian Sustainable Palm Oil (MSPO) certification programme.
