PETALING JAYA: The rubber industry is expected to become the number one commodity contributor to the the country's economy as palm oil is facing difficulties in the international market, said Primary Industries Minister Teresa Kok Suh Sim.
JAKARTA: Indonesia has laid out new rules for commodities exporters to guarantee funding for shipments through Indonesian banks or branches of foreign banks in the country, the trade minister said on Tuesday, part of a bid to prop up the ailing rupiah.
JAKARTA, Indonesia (AP) — Greenpeace says global consumer brands continue to buy palm oil from companies that are cutting down Indonesia's rainforests despite repeated pledges to clean up their supply chains.
Malaysia and Indonesia should work together to enhance the usage of palm oil in the global market and tackle the misunderstanding surrounding the commodity, particularly in Europe and the United States, Oil World Executive Director Thomas Mielke said.
ROTTERDAM: Palm oil on the European vegetable oils market eased on Tuesday, tracking weaker Malaysian palm oil futures that slipped on concerns about an escalating U.S-Chinese trade war and rising production.
KUALA LUMPUR, Sept 18 (Reuters) - The chief executive of Malaysia’s FGV Holdings, the world’s largest producer of crude palm oil, resigned on Tuesday following his suspension in the wake of an internal investigation.