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KUALA LUMPUR: Crude palm oil climbed to an eight-year high of RM3,262 per tonne on concern that a labour shortage in Malaysia will hamper output at a time when dry weather is threatening soybean crops in South America
KUALA LUMPUR: Crude palm oil climbed to an eight-year high of RM3,262 per tonne on Friday on concern that a labor shortage in Malaysia will hamper output at a time when dry weather is threatening soybean crops in South America.
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade higher next week, buoyed by expectations of stronger demand from India ahead of the Deepavali festival.
KUALA LUMPUR: Palm oil purchases by India, the biggest importer from Malaysia, are likely to climb in October from a three-month low as Deepavali, the Hindu festival of lights, drives up demand for the world’s most-consumed vegetable oil.
THE US dollar weakened by 0.49% to 97.352 after a report that Chinese officials were unsure if a longer-term trade deal with the US can be reached, one day after Fed chairman Jerome Powell hinted a pause in its rate cut cycle. The switch in trade narrative and better economic release elsewhere triggered the selling in dollar.
IN Mohit Gogia’s stationery and gift store in Noida, near India’s capital, the only decorative lights for sale ahead of last month’s festival of lights were Chinese made.“India-made lights cost twice as much,” said Gogia, as shoppers snapped up supplies for the Diwali celebration. “Customers aren’t willing to pay that.”
The Bank Negara annual report and the Financial Stability and Payment Systems Report are one the most comprehensive reports that the financial industry looks forward each year.
LONDON: Gold consumption fell slightly in the third quarter as sliding jewellery demand in China offset strong growth in India, sector data showed on Thursday.
NEW DELHI: India's vegetable oil imports in August touched a record 1.3 million tonnes, a trade body said, helped by the highest ever soyoil imports on expectations of a poor soybean harvest