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SINGAPORE: Beijing could remove extra tariffs imposed since last year on US farm products to ease the way for importers to buy up to US$50bil worth, rather than direct them to buy specific amounts, the head of a government-backed trade association said.
KUALA LUMPUR: The palm oil industry is facing dual threats from its biggest buyers - India and Europe - but don't tell that to the traders chasing up prices on Bursa Derivatives.
KUALA LUMPUR: Palm oil futures surged to their highest level since June last year at RM2,359 a tonne on Wednesday as a Chinese decision to waive retaliatory tariffs on purchases of US soybeans boosted prices of rival soybean oil.
NEW YORK: Oil prices eased on Friday on renewed concern over the U.S.-China trade war, but futures still posted weekly gains, with Brent marking its biggest weekly increase since January, after an attack on Saudi Arabia's energy industry last weekend.
KUALA LUMPUR: Conglomerate PPB Group Bhd remains confident about mitigating the challenging environment arising from the slowing economy as well as cautious consumer spending
LONDON: British farmer Charles Matts just harvested the worst crop of his life at one of the best times to sell it.
PETALING JAYA: PPB Group Bhd’s net profit for the second quarter ended June 30,2019 (2Q19) nearly halved by 47% to RM159.97mil from RM304.47mil a year ago, dragged by weaker contribution from both Wilmar International Ltd and the grain and agribusiness segment.
KUALA LUMPUR: Malaysian palm oil futures rose nearly 2% in the second half of Tuesday's trading session, supported by gains in soyoil on the U.S. Chicago Board of Trade and stronger export data from cargo surveyors.
KUALA LUMPUR: In a world where many global trading houses have taken a hit from the US-China trade war, a giant food trader in Singapore says the spat has been a boon for them – at least in grains.
KUALA LUMPUR: Shares of Malayan Flour Mills Bhd (MFM) were losing around 5% in early trade Thursday after the group reported a net loss in its second quarter, compared to prior year’s profit, despite increased revenues.