China will beef up its Caofeidian pilot free trade zone, prioritising the development of international commodities trade and bringing in more foreign investments, local government said on Monday. The …
Commodity
Palm oil demand to remain weak in first-half 2020 due to virus lockdowns – MPOB
A recent heavy slump in palm oil demand is expected to persist through the first half of 2020 as a growing number of countries impose lockdowns to contain the coronavirus outbreak, the Malaysian palm …
Covid-19 negative on palm oil demand and price — Analyst
While it remains unclear on how long the Coronavirus Disease 2019 (Covid-19) will persist, analysts believe it will likely be negative on palm oil especially if it lasts for a longer term period. “It …
Commodity Market Report – 16 Mar 2020
Gold prices fizzled out from 8-year high at USD1703 /oz and plunged USD190 range. This week, we predict the market will swing erratically while contain from USD1500 – USD1600 /oz range. Traders are re…
Commodity Market Report – 2 Mar 2020
Gold prices had a big fall last week and retraced down USD124 range from USD1689 /oz tops. From the current situation, we are not looking for an immediate recovery in yellow metals while the resistanc…
Commodity Market Report – 24 Feb 2020
Gold prices have broken above USD1600 /oz benchmark and settled at USD1643 /oz on Friday. Market has been very strong due to seeking in safe haven for fear of epidemic spread. This week, the support w…
Weekly RUBBER Report – 24 Feb 2020
Market Fundamentals: Many commodities have recovered in prices last week. As China factories are resuming work gradually, we have seen the demand for raw materials rising again. In addition, a downfal…
India to import palm oil from Bangladesh
India has issued about 70 licences for importing about five lakh tonnes of refined palm oil from three countries — Bangladesh, Nepal and Indonesia, sources said. On January 8, the Indian governm…
Coronavirus drags down commodity prices as demand from China drops
Prices for commodities from natural rubber to coal have plunged in February because of decreasing demand from China, where the new coronavirus outbreak is expected to further drag down prices. The cha…
Malaysia relies on sustainable palm oil to keep entry into European market
Malaysia is to send a delegation to Europe by the end of February to present its newly adopted measures to make palm oil production sustainable, in a move that aims to circumvent a progressive Europea…