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PETALING JAYA: Mumbai-based vegetable oils broker Sunvin Group has hailed Malaysia’s initiative to resolve the palm oil trade dispute with India by planning to send a delegation to the country soon.
KUALA LUMPUR: Palm oil futures surged for a fourth day on expectations that purchases will pick up to meet festive-season demand and production will rise slower than earlier predicted
KUALA LUMPUR: Palm oil futures surged for a fourth day on expectations that purchases will pick up to meet festive-season demand and production will rise slower than earlier predicted.
NEW DELHI: The sell-off in palm oil deepened, with futures heading for their worst week in 11 years on slumping petroleum prices, weaker exports and concern about the rapid spread of the coronavirus.
PETALING JAYA: Crude palm oil (CPO) prices on Bursa Derivatives posted their biggest single-day drop since 2008 on concerns that rapidly spreading coronavirus will reduce demand from China, the world’s second biggest importer.
MUMBAI: India's monthly palm oil imports from Malaysia could fall to the lowest level in nearly nine years in January as traders stopped buying the tropical oil from Kuala Lumpur following informal instructions from New Delhi, traders and refiners told Reuters.
KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Derivatives Exchange extended its rally from 2019 to breach the RM3,100 per tonne mark yesterday, following India’s decision to cut import duties on the commodity.
KUALA LUMPUR: Crude palm oil (CPO) for third month delivery rose to a high of RM3,080 per tonne on Thursday, extending its rally from 2019 after India cut import duties.
MUMBAI: India has cut import taxes on crude and refined palm oil from Southeast Asian (ASEAN) countries after a request from suppliers, a government notification said on Tuesday.