World Environment Day: Data shows the world has lost a Switzerland-size area of primary rainforest in 2019
In order to stop deforestation, researchers say emphasis must be placed on changing the incentives driving forest loss on a domestic, local level.
Malaysia to strengthen trade ties with India after palm oil purchases resume after gap of four months
Malaysia voiced its commitment to further strengthen diplomatic and trade ties with India, after the world’s largest edible oil buyer renewed purchases of Malaysian palm oil, in a sign of improving relations between the two countries
Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in domestic inventories and discounted prices, trade sources said
Malaysia signs record rice import deal with India after rival suppliers restrict exports; shipment may rise this year
India is now offering white rice for around $390-$400 per tonne compared with more than $450 for other countries, exporters said.
Govt suspends 39 import licenses for refined palmolein after surge in duty-free imports in Nepal, Bangladesh: Report
India, the world’s biggest importer of edible oil, put refined palm oil and palmolein on a list of restricted items on 8 January, although New Delhi later issued licences to import more than 1.1 million tonnes of refined palmolein.
Malaysia says relations with India to improve after New Delhi lifts import duty on palm oil; to send a delegation
India has been the biggest buyer of Malaysian palm oil for five years, but imports trickled to a halt after it restricted imports of refined palm and informally asked traders to avoid Malaysian palm.
Malaysia's sugar purchases from India hit record amid diplomatic spat; shipment to help reduce stockpiles
The record-buying could also help India, the world’s biggest producer of sugar, to cut stockpiles that are squeezing domestic prices.
Malaysia aims to resolve palm oil trade dispute with India within a month; to send a delegation soon to improve ties
After India’s January curbs on imports of refined palm oil from Malaysia, traders had also held off on buying its crude palm oil.
The ousting of Malaysia’s former prime minister Mahathir Mohamad, whose criticisms of India’s policies in Kashmir damaged palm oil trade between the nations, has kindled hopes among Malaysian exporters for a rapid restoration of ties
Govt issues import licences for 1.1 mn tonnes of refined palmolein from Indonesia; DGFT move draws commerce ministry’s flak
A resumption in refined palmolein buying by India, the world’s biggest palm oil importer, could lift its total palm oil imports and support Malaysian palm oil futures.
The second biggest buyer of Malaysian palm oil, China, bought just 2.4 million tonnes last year, while the third largest buyer was Pakistan with 1.08 million tonnes, according to data from the Malaysian Palm Oil Council.
Palm oil prices to climb 17.9% in 2020 on tight supplies, biodiesel programmes; trade disputes to hit exports: Poll
Benchmark palm oil prices will average 2,650 ringgit ($650.80) a tonne in 2020, up from 2,248 ringgit last year, according to the median estimate from a poll of 18 analysts and industry players.
India this month effectively halted palm oil imports from its largest supplier and the world’s second-biggest producer in response to comments from Mahathir attacking India’s domestic policies.
India's import of palm oils declined by 8.64 percent to 7,41,490 tonnes in December 2019, Industry body Solvent Extractors Association (SEA) said on Thursday
Kashmir row: India plans to cut some imports from Turkey; likely to widen curbs on more products from Malaysia
The government is also planning to cut imports of oil and steel products from Turkey.
Edible oil industry body demands cap on import of refined palm oil to protect local refiners, farmers
Last week, the government had imposed restrictions on imports of refined palm oil and palmolein in the backdrop of remarks by Malaysia on the new citizenship law and Kashmir issue.
Curbs on import of refined palm oil product-specific, not country-specific; decision defined by trade policy, says MEA
Putting palm oil in the restricted category means an importer will require a license or permission for the inbound shipment.
Govt puts restrictions on import of refined palm oil; shipment from Malaysia likely to be hit, no curbs on Indonesia
Malaysia produces 19 million tonne of palm oil in a year, while Indonesia produces 43 million tonne, the trade data showed.
2019 closed out a “lost decade” for the world’s tropical forests, with surging deforestation from Brazil to the Congo Basin.
India resumes buying Malaysian palm oil as Kuala Lumpur offers discount over supplies from rival Indonesia, say traders
Malaysian palm oil is available at a $5 discount amid congestion at Indonesian ports, said a Mumbai-based dealer with a global trading firm.