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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
EU limits on use of palm oil in biofuels to start on June 10
BRUSSELS/KUALA LUMPUR (May 23): European Union publishes in its official journal a regulation setting new criteria for the use of palm oil in biofuels.
Extra boost for Sabah oil palm
KOTA KINABALU: Sabah’s oil palm industry received a shot in the arm with the recognition of Lahad Datu Palm Oil Industrial Cluster (POIC) as a palm oil tender port.
Trade War Adds to Headaches Faced by Palm Oil Industry
A decade ago, when palm oil prices were around twice what they are now, Darsini and her husband wanted a piece of the action.
Palm oil price higher than crude oil’s –Emefiele
Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, last week, urged the Federal Government to attach premium to palm oil production, saying its price is higher than refined petroleum oil’s.
India agrees to buy ex-Mig-29s and Palm Oil from Malaysia to secure LCA deal
Politics may be the deciding factor in a RM36 billion deal to supply light combat aircraft to the Royal Malaysian Air Force over the next 10 years, according to a Singapore news report. The aircraft on offer are believed to be the F-50 by Korea Aerospace Industries of South Korea, Tejas by Hindustan Aeronautics (India), YAK-130 by Irkut Aerospace (Russia), JF-17 Thunder (Pakistan) and the Alenia Aermacchi M-346 Master (Italy).
Over 600,000 plantation workers to lose jobs as palm producers allege sabotage
Indications have emerged that over 600,000 workers employed in over 200,000 hectares of palm plantations across the Nigeria may lose their jobs on accounts of threats posed to the industry by smuggling and increasing cost of production because of gross shortage of power supply and infrastructure.
Malaysian palm oil expected to trade above RM2,000 next week
KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are likely to trade between RM2,000 and RM2,050 a tonne next week on demand from China, India, Pakistan and the Middle East, said a dealer.
How the European Union's protectionism is hurting developing economies
EU lobbies are protecting unsustainable industries at the expense of free trade and poverty alleviation.
Hong Kong and Australia Sign New FTA
On March 26, 2019, Hong Kong and Australia signed a Free Trade Agreement (HKAFTA) and a complementary Investment Agreement (IA). After almost two years of negotiations, Australia and Hong Kong have formalized their trade relationship, which was previously governed by their obligations under the World Trade Organization (WTO) Agreement.
