Mistry cuts palm oil production forecast, sees prices climbing

KUALA LUMPUR: Palm oil production in the world’s top growers may not live up to estimates after all, according to industry veteran Dorab Mistry. After boosting Malaysian output estimates this year to between 19.8 million and 20 million metric tons in September, Mistry on Wednesday cut his forecast for the world’s second- biggest grower to 19.1 million to 19.3 million tons. He trimmed his expectations for top producer Indonesia to 34 million to 34.5 million tons from 34.5 million to 35 million tons.

Malaysian F and B firms attract buyers in the EU

KUALA LUMPUR: Malaysian food and beverages (F&B) exhibitors recorded RM71.7 million worth of sales during the recently held trade fair ANUGA 2017 which took place in Cologne, Germany.

MITI to strengthen trade relations with EU countries

KUALA LUMPUR: The Ministry of International Trade and Industry (MITI) has embarked on a Trade and Investment Mission to European Union (EU) countries, namely Germany, the Netherlands and Belgium in an effort to further strengthen ongoing bilateral trade relations.

Value of commodities export and production saw 21 percent increase, says Mah Siew Keong

PETALING JAYA: The value of commodities exported and commodities-based production rose 21 percent to RM93.4 billion for the January to August 2017 period, said Datuk Seri Mah Siew Keong.

Palm oil prices may rise to US$850/T on weak output recovery, tight stocks

KUALA LUMPUR: Crude palm oil prices are forecast to rise to $800 per tonne CIF Rotterdam by January, with potential to hit $850 by March 2018, said leading edible oils analyst Dorab Mistry on Wednesday.

Malaysian palm oil/Vegoils: Market factors to watch Thursday Oct 19

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Oct 19.

Malaysia wants to expand agricommodity trade with US

PETALING JAYA: Malaysia aims to further increase its agricommodity trade with the United States moving forward, according to Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong.

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