NEWS FEED
  • 27 March, 2020
    Demand for oleochemicals will be key driver to support palm oil prices
    Oleochemicals are mainly derived from animal fats and greases like tallow or vegetable oils and fats like palm and coconut oil, fatty acids are mainly used in cosmetics and toiletries, as well as for the production of lubricants and plasticizers in rubber and polymer processing. The current Covid 19 pandemic will likely see demand for […]
  • 27 March, 2020
    GCC Challenges in the First Half 2020
    Middle East market comprises of 15 countries with the population of 320 million people.  Most of the countries in the Middle East region are dependent on petroleum as their source of revenue. Six of them are the major oil producing countries formed an intergovernmental institution known as the Gulf Cooperation Council (GCC).   GCC countries -Bahrain, […]
  • 27 March, 2020
    COVID-19: Oil palm industry remains stable, backed by demand
    KUALA LUMPUR (March 25): The COVID-19 pandemic will not have a large impact on the nation’s oil palm industry as it continues to be supported by local and international demand, commercialisation of downstream products, exploration of new markets as well as Government initiatives. Since the outbreak began in Wuhan, China, global markets have plummeted, forcing […]
  • 27 March, 2020
    20 Indonesian oil palm workers under quarantine after showing early Covid-19 symptoms
    SIBU: Twenty Indonesian workers of Salcra oil palm plantation in Sri Aman have been quarantined for suspected Covid-19 after showing early symptoms of the disease. All of them had experienced cough, fever, shortness of breath and sore throat for several days. Sri Aman OCPD Deputy Supt Bingkok John said all of them have been placed at the […]
  • 26 March, 2020
    Plan to boost oilseed crops in Pakistan
    Despite being an agriculture-based economy, Pakistan is heavily reliant on the import of edible oil and oilseed to meet the annual requirements of oils and fats. The total consumption of oils and fats in Pakistan has exceeded 4.5 million MT out of which the share of indigenous oilseed crops is approximately 10%. In 2018-19, government […]
  • 26 March, 2020
    China Soybean Outlook after Inking the Phase-1 Trade Agreement with US
    China – US trade phase one trade deal with China was signed and came into effect from February 15, 2020. Under this agreement, China has agreed to purchase an additional US$12.5 billion worth of US agricultural products in 2020, and US$19.5 billion more in 2021. Following the signing, China is accepting applications for tariff exemptions […]
  • 25 March, 2020
    Summary – “Port SOPs During Covid-19 Pandemic – Nightmare for Logistics Operations”
    The rapid spread of Covid-19 pandemic has prompted many nations and governments to adopt a protective and preventive approach on all forms of transports, including ocean vessels, to curtail the exposure and spread of this virus. This is bound to create anxieties, uncertainties, disruption, and apprehension to the operations of the shipping companies/lines and charterers […]
  • 25 March, 2020
    COVID-19 Impact on US Soybeans Industry
    COVID-19 has created certain impact on exports and supply chain of US soybeans. This pandemic is causing delay in the fulfilment of phase one purchase targets between US and China. With the phase one trade deal with China in effect since February 15, agricultural experts fear the coronavirus outbreak will impede China’s ability to fulfill […]
  • 25 March, 2020
    Malaysia welcomes India’s move to remove 5pc duty on palm oil imports
    KUALA LUMPUR, March 25 — Malaysia welcomes India’s decision not to renew the imposition of the five per cent bilateral safeguard duty on refined palm oil from the country, Plantations Industries and Commodities Minister Datuk Mohd Khairuddin Aman Razali said. The safeguard duty was imposed by India on September 4 last year for six months, […]