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MUMBAI: India’s palm oil imports in 2018/19 are likely to jump a tenth from a year earlier to a record high as a sharp fall in the prices made the tropical oil more attractive for buyers than rival soyoil and sunflower oil, industry officials told Reuters.
WASHINGTON: A new gas supply deal between the U.S. and China that’s expected to be part of a broader trade agreement has been in the works since before the trade war began and was put on ice after tensions flared, according to people with knowledge of the matter.
KUALA LUMPUR: PublicInvest research believes the Malaysian palm oil sector is off to a good start in 2019 as inventory levels fell 6.7% month-on-month to three million metric tonnes (mt) on the back of lower production and stronger exports.
PUTRAJAYA: The sixth ministerial meeting of the Council of Palm Oil Producing Countries (CPOPC) next month will discuss among others, trade policy issues affecting members, sustainable production of the crop and activities towards strengthening cooperation in the industry, said Primary Industries Minister Teresa Kok Suh Sim.
KUALA LUMPUR: There is a good chance that palm oil may regain some market share it lost previously in India after the government announced a reduction in import duties on crude palm oil and refined palm oil, effective since Jan 1.