A jump in purchases will likely trim stockpiles in top producers Indonesia and Malaysia. FMTNews Palmoil
A jump in purchases will likely trim stockpiles in top producers Indonesia and Malaysia.
-August 5, 2020 12:47 PMNEW DELHI: Palm oil imports by India probably surged 46% last month as a drop in stockpiles in the world’s biggest buyer prompted refiners and traders to boost purchases.Inbound shipments rose to 823,000 tons from a month earlier in July as demand from the food services industry grew following the easing of lockdown rules, according to GG Patel, managing partner of GGN Research.
That’s the highest since September and compares with 812,805 tons in July 2019.A jump in purchases by India will likely trim stockpiles in top producers Indonesia and Malaysia, potentially further boosting palm oil prices that have advanced more than 20% so far this quarter.
Reserves in Malaysia likely tumbled to a three-year low in July as production shrank and exports surged, according to a Bloomberg survey.Palm oil consumption by restaurants and hotels suffered in India after the government imposed the world’s most stringent stay-at-home rules in March to curb the spread of the coronavirus among its 1.3 billion people.
The restrictions are gradually being lifted.Soybean oil imports in July are estimated to have increased to 484,000 tons from 331,264 tons a month earlier, Patel said.Sunflower oil buying fell to 199,000 tons from 268,128 tons. Edible oil imports probably totalled 1.51 million tons, compared with 1.16 million tons a month earlier, Patel said.
Jasin Wanita Umno chief marries man more than 30 years younger
MELAKA: When talking about marrying a man who is over 30 years her junior, Jasin Wanita Umno chief Datuk Zaleha Bujang says that it is love at first sight.
Landslides kill 10 in Nepal as heavy monsoon rains swamp South AsiaAt least 135 people have been killed in Bangladesh since late June. FMTNews Nepal Landslide Rain Monsoon
Landslides kill 10 in Nepal as heavy rains take toll in South Asia | Malay MailKATHMANDU, Aug 3 — Heavy rain in Nepal triggered landslides today that killed eight labourers at a construction site and two members of a family, taking the toll in floods and landslides to 177 since late May. Elsewhere in South Asia, the annual rainy season brought more misery with at least 135...
10 most common psychological disordersWith mental health issues rising across the globe, here are the most common ones that can wreak havoc on one's life. FMTNews FMTNews PsychologicalDisorder
Desperation, misery in Indian Kashmir a year after clampdown | Malay MailSRINAGAR, Aug 4 — The year-long clampdown in Indian-administered Kashmir imposed to tighten New Delhi’s grip on the disputed region has shattered its economy and deepened the desperation of its people. Hundreds of thousands of jobs have been lost as the military-enforced measures — compounded...
Desperation, misery in Indian Kashmir a year after clampdown | New Straits TimesNSTworld Hundreds of thousands of jobs have been lost as the military-enforced measures turned daily life in the Muslim-majority region into an obstacle course of razor-wire roadblocks. india kashmir muslim clampdown coronavirus
Police confirm receiving report on custodial death of Indian touristDeputy Inspector-General of Police Mazlan Mansor, however, declines to reveal further details.