News
Oil price lower on coronavirus fears despite Fed rate cut and hopes for OPEC+ output cut
The Star Online (04/03/2020) – NEW YORK: The global oil benchmark ended Tuesday slightly lower under pressure from falling equities, but the losses were contained slightly as top producers considered more output cuts to support prices and the Federal Reserve cut U.S. interest rates to support ...
Palm oil up over 2pc
Business Recorder (04/02/2020) – Malaysian palm oil futures jumped over 2% on Tuesday on hopes of a recovery in demand from China and India, following the ouster of prime minister Mahathir Mohamad, whose criticisms about India had soured palm oil trade with the country. The benchmark palm oil ...
Commerce ministry for not extending safeguard duty on palm oil imports from Malaysia
2.03.2020 (New Straits Times Online) – EVEN as Malaysia and Indonesia work towards combating misperceptions behind anti-palm oil products from grocery store shelves, anti-palm oil campaigns in Europe continue to gain momentum. The various types of anti-palm oil campaigns such as no palm oil la...
Dr Wee: India should reconsider decision on M’sian palm oil imports
PETALING JAYA: India should reconsider its decision to advise its palm oil importers to shun importing Malaysian palm oil as the country’s political situation has changed, says MCA president Datuk Seri Dr Wee Ka Siong (pic). “I would like to take this opportunity to send a message t...
Indonesian government plans to raise palm oil export levy: minister
JAKARTA (Reuters) – Indonesia’s chief economic minister, Airlangga Hartarto, said on Wednesday the government plans to increase palm oil export levies to support expansion of its palm biodiesel program. “The increase is currently being calculated, whether it will be a flat increase or progress...
Blockchain, direct to consumer communication can help uplift palm oil’s image
MANCHESTER (Feb 25): The application of blockchain technology in the palm oil industry would indicate the existence of a trusted solution in place to prove provenance, certify sustainability and encourage the industry positive growth, a consulting firm involved in blockchain said. Lardi and Partner ...
