|
Palm oil under pressure and its adjustment
Malaysia's palm oil stocks surge to over 3.0mil tonnes in December, hitting seven-year high
Palm oil prices seen range-bound in February amid supply curbs, biodiesel policy clarity
Malaysian palm oil futures closed higher for the second day in a row on Tuesday
NIGERIA SEEKS MALAYSIAN AGRICULTURAL SECTOR'S HELP
The Nigerian Regional Government was seeking a partnership deal withMalaysian to help bolster its agricultural sector.
PHILIPPINE 2001 COCONUT OIL OUTPUT SEEN HIGHER
According to the United Coconut Association of the Philippines Inc.(UCAP), the country's coconut oil output in 2001 will probably rise by 4.4% to 2.59 million tonnes in copra terms from the estimated 2.48 milliontonnes in 2000.
Spike in production cost leads to rise in prices
Its president Tan Chee Hee said the prices of raw materials such as corn and soybeans had increased between 50% and 80%.
