NEW YORK: U.S. technology and consumer discretionary stocks have been insulated from global trade tensions, but if another round of U.S. tariffs on Chinese goods goes into effect, even those high-flying sectors could come down to earth.
Palm oil is the most used vegetable oil in the world and is also one of the most common ingredients in U.S. food products, according to the Rainforest Action Network. Nearly 85% of all palm oil is produced and exported from Malaysia, Indonesia and Papua New Guinea.
ROTTERDAM: Palm oil on the European vegetable oils market edged higher on Monday on the back of stronger CBOT soyoil futures and a weaker dollar. Business was slow, with no direction from Malaysian palm oil futures because of a public holiday.
India's are likely to fall 15 per cent in 2017-18 from the year before to their lowest in six years, hit by a hike in import taxes, a weaker rupee and tighter credit for would-be buyers, a senior industry official told Reuters.