THE government is expected to initiate talks with Japanese food and beverage (F&B) firms that are involved in the 2020 Summer Olympics and Paralympics to utilise and supply Malaysian palm oil and palm oil-based products.
ndonesia’s ban on nickel ore exports could boost the country’s earnings from the metal five-fold in the next five years through growth in industries such as stainless steel and battery materials, a minister said on Wednesday.
Falling CPO prices coupled with rising gasoil had opened up the PO-GO spread -- the difference between front month gasoil and palm oil futures -- to minus $140s levels in March, which allowed for discretionary blending.
Futures contracts of all components of the edible oil basket on domestic exchanges fell today. The October contract of soybean on the National Commodity and Derivatives Exchange edged 0.5% lower following higher sowing of the oilseed, analysts said.