Tag: commodity

Retail Asia20/02/2019
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3min0
Malaysian palm oil prices are set to hold steady in 2019 at an average of RM2,303 a tonne, according to estimates by the Malaysian Palm Oil Council (MPOC), while global output of the tropical oil is expected to rise by 3 million tonnes. “Global palm oil production is projected to be 72 million tonnes, with […]

Retail Asia20/02/2019
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3min0
Vietnam hopes to export $10 billion worth of seafood this year, meeting its 2020 goal a year early. The Vietnam Association of Seafood Exporters and Producers (VASEP) said at a recent conference it would include $4.2 billion worth of shrimp, $2.3 billion worth of pangasius fish and the rest from other products. Minister of Agriculture […]

Retail Asia04/02/2019
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1min0
Malaysian palm oil futures fell last week, after data from a cargo surveyor showed exports grew more slowly than expected in January. The benchmark palm oil contract for April delivery on Bursa Malaysia Derivatives Exchange dropped 0.2% to RM2,299 a tonne. Trading volumes stood at 24,751 lots of 25 tonnes each. “The export numbers released […]

Retail Asia30/01/2019
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2min0
Sime Darby Plantation Bhd (SDP) and Sarawak Land Consolidation and Rehabilitation Authority (Salcra) have signed a memorandum of understanding (MoU) to form a collaborative framework to establish, strengthen and encourage synergistic commercial cooperation along the palm oil value chain. The collaboration aims to uplift Sarawak’s palm oil industry standards in terms of operational efficiency and […]

Retail Asia22/01/2019
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1min0
Namyang Dairy Products said Friday its coffee exports jumped more than 20 percent in 2018 on market diversification and the rising popularity of Korean pop culture abroad. Overseas shipments of its freeze-dried coffee and instant coffee products totaled 36 billion won ($32 million) last year, compared with 28 billion won a year earlier. Exports of […]

Retail Asia18/01/2019
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2min0
Agifish, a major seafood company, reported a second straight year of losses in 2018 as both exports and domestic sales fell. The recently released 2018 audited financial report of one of Vietnam’s 10 largest seafood export companies puts its loss at VND178 billion ($7.66 million). The An Giang Fisheries Import Export Joint Stock Company, to […]

Retail Asia12/11/2018
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3min0
Moody’s Investors Service has downgraded Petronas LNG Ltd’s (PLL) ratings outlook to “negative” from “stable”, following the same outlook revision for its parent company Petroliam Nasional Bhd’s (Petronas) yesterday. At the same time, the rating agency has affirmed PLL’s A3 foreign and local currency issuer ratings. Moody’s said the changes reflects its negative outlook on […]

Retail Asia07/11/2018
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5min0
While the weakening yuan has allowed Vietnamese importers to benefit from cheaper material costs, exporters are feeling the pinch. The yuan declined to 6.9075 per U.S. dollar on Nov. 6. The move has dragged the yuan down by almost 9 percent from the beginning of this year, the steepest drop in the last 10 years. A […]


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