RISING INPUT COST OF SOAPS LEADING TO PRICE HIKES

HIGHLIGHTS

• The input costs of many FMCGs especially soaps is increasing.
• Hence, the price of various soaps is increasing.

The top Fast Moving Consumer Goods (FMCG) companies in India have raised prices of many soap brands as palm oil...

U.S. BANS SHIPMENTS FROM MALAYSIAN-OWNED SIME DARBY PLANTATION BERHAD OVER FORCED LABOUR

Highlights

• The company is charged of abuses against workers that included physical and sexual violence, restriction of movement, intimidation and threats, withholding of wages, debt bondage and excessive overtime

• This order against Malaysian-owned company and its...

US TO BLOCK PALM OIL IMPORTS FROM MALAYSIAN COMPANY FGV

Highlights

• FGV, based out of Malaysia is one of the largest crude palm oil producers in the world and has been facing allegations from rights groups over labour and human rights abuses since very long period of time

• This ban was the result of a year-long investig...

Palm Oil: The Latest Casualty in The Economy of Politics.

The latest victim of the ongoing political divide across the world has been palm oil. After recent references by Malaysian prime minister Mahathir bin Mohamad on what India considers to be its internal affairs, the Indian Government has increased the import duty on palm oil coming in from Malaysi...

INDIA’S PALM OIL IMPORTS EXPERIENCED A SLUMP

Palm oil imports by India are expected to fall by 11 percent in the year 2019-20. Industry officials stated that the import has been decreased due to a hike in the prices that will turn traders away from Malaysia. India is the world's biggest importer of edible oils.

At the start of...

China’s iron ore futures is best performing commodity, other commodities vary in prices

The best performing commodity in China’s iron ore futures in 2019. The commodity more than doubled in value, whereas natural gas rated as a biggest loser that dropped by more than a quarter.

Other commodities which gained were Crude oil, Malaysian palm oil, precious metals, nickel...

GOVERNMENT POLICY TOOK A TOLL ON IMPORTS OF REFINED PALM OIL

Indian's palm oil imports fell to half in October and November 2019. It happened after the initiation by the government to boost the domestic oil industry. India heavily relies on imports to fulfill its edible oil needs. The government decided to raise the import duty on refined palm oil from...

Japanese companies intend to translate oil palm waste into energy

2 Japanese companies interested in renewable biomass energy, are predicted to invest, in Sabah’s Lahad Datu Palm Oil Industrial Cluster, nearly RM300 million.

It is predicted that one of the two firms will formally sign the deal with Palm Oil Industrial Cluster, on the 3rd of Dece...

Indian finances to be affected by angered Modi

India is considering restricting imports of some products from Malaysia including palm oil which is the biggest import item, according to government and industry sources, in reaction to the Southeast Asian country’s leader criticizing New Delhi for its actions in Kashmir.

India is...