KUALA LUMPUR : Malaysia's palm oil inventories at the end of May are expected to rise as production swells to its highest so far this year while exports remain flat, a Reuters survey showed on Tuesday.
Supportive weather conditions, more harvesting days and an improvement in yields compared to the previous month helped the surge in production, said Nagaraj Meda, managing director at TransGraph Consulting. Buyers in top importer India had cancelled expensive palm oil cargoes and replaced them with cheaper soyoil and sunflower oil, causing India's palm oil imports in May to sink to a 27-month low, dealers told Reuters.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's May imports to fall again, exports slip into red: Reuters pollBEIJING : China's imports are expected to have contracted in May, despite a low base last year as a lockdown in Shanghai brought the country's biggest port to a standstill, while exports likely fell for the first time in three months, a Reuters poll showed.Inbound shipments to the world's second-largest e
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Malaysia king concerned 'Allah' usage dispute may become polemic if issue not resolvedKUALA LUMPUR: Malaysian King Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah on Monday (June 5) expressed concern regarding the usage of the word 'Allah', fearing that the issue may become polemic and adversely affect unity and harmony in the country if it fails to be resolved immediately. He said t
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Best cocktail bars In Kuala Lumpur: From timeless classics to local infusionsBringing you tipples from the old to the bold, the burgeoning cocktail scene in Kuala Lumpur is witnessing the rise of passionate bars with warm hospitality, imaginative spaces and innovative flavours. Helmed by some of the best bartenders in Malaysia, needless to say, you are in for a treat. Here are the best cocktail bars in KL, with timeless classics...
Source: asiaonecom - 🏆 10. / 59 Read more »
CNA cameraman killed in motorcycle accident in MalaysiaMr Khairul was in CNA’s Kuala Lumpur bureau and had been with the company for five years. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »
It's complicated: Malaysia's on-off relationship with the KL-Singapore High Speed RailAfter so much money had been spent, Malaysia's Kuala Lumpur-Singapore High Speed Rail (HSR) got scrapped. Now, there are talks of making it happen again.
Source: YahooSG - 🏆 3. / 71 Read more »
Be an eco-tourist with these 7 luxury hotels in Malaysia that offer a green experienceHere are the best seven hotels in Malaysia where you can positively impact the people and places when you travel!
Source: YahooSG - 🏆 3. / 71 Read more »