KUALA LUMPUR, Dec 22 — Fitch Ratings expects Malaysian benchmark crude palm oil (CPO) spot prices to average at US$650 per tonne in 2024, substantially lower than circa-US$840 per tonne in 2023 due to higher supply.

KUALA LUMPUR, Dec 19 — The Investment, Trade and Industry Ministry (Miti) has secured a total of RM29.6 billion in potential investment and RM2.8 billion in potential exports from two investment missions to Japan since June this year.

KUALA LUMPUR, Dec 16 —The government will source onions from China and Pakistan following India's decision to ban its export of the vegetable until March next year.

KUALA LUMPUR, Dec 15 — The production of crude oil and condensate amounted to 45.9 million barrels in the third quarter of 2023, which was higher by 0.3 per cent compared to a year ago, said the Department of Statistics Malaysia (DoSM).

MELAKA, Dec 9 — The Agriculture and Food Security Ministry (KPKM) has assured that the supply of onion will not be affected following a ban on onion export by the Indian government yesterday.

z`NEW DELHI, Dec 8 — India has banned the export of onions until March next year to boost domestic supplies and contain consumer inflation.

KUALA LUMPUR, Nov 28 — Proton Holdings Bhd has launched the S70 compact sedan and is targeting to sell over 3,000 units a month for the first year.

KUALA LUMPUR, Nov 28 — Malaysia recorded agricommodity export value of RM117 billion up to September 30 this year, said the Ministry of Plantation and Commodities (KPK).

BRUSSELS, Nov 24 — Chinese Ambassador to the European Union (EU) Fu Cong on Thursday dismissed a recent claim that China is exporting its overcapacity of electric vehicles (EV) to the European market, reported Xinhua.

JAKARTA, Nov 21 — Indonesia posted a third quarter current account deficit of $0.9 billion, equivalent to 0.2 per cent  of gross domestic product, the central bank said on Tuesday, much smaller than the previous three months owing to recovering demand in some export commodities.

KUALA LUMPUR, Nov 20  — Malaysia's total trade surpassed the RM2 trillion mark from January to October this year, reaching RM2.181 trillion, with exports amounting to RM1.186 trillion while imports were valued at RM995.55 billion.

BEIJING, Nov 19 — The official visit of v Prime Minister Datuk Seri Fadillah Yusof to China ended successfully with the country committing to closer cooperation, especially in the fields of agriculture and palm oil commodities.

KUALA LUMPUR, Nov 14 — The Investment, Trade and Industry Ministry (Miti) has implemented a two-year moratorium, beginning August 15, 2023, to allow for reassessments to address the challenges faced by the local iron and steel industry and update the industry’s direction in line with the New Industrial Master Plan (NIMP) 2030.

KUALA LUMPUR, Nov 7 — The sales value of the manufacturing sector dipped by 1.9 per cent year-on-year to RM158.7 billion in September 2023 from RM161.7 billion in the same month last year, said the Department of Statistics Malaysia (DOSM).

SHANGHAI, Nov 6 — The Malaysia External Trade Development Corp (Matrade) aims to create more export opportunities in China by coordinating the participation of 10 local companies in various sectors at the sixth China International Import Expo (CIIE).

NEW DELHI, Oct 29 — India has restricted export of onions by imposing a minimum export price of US$800 (RM3,822) per tonne.

KUALA LUMPUR, Sept 15 — The Malaysia International Halal Showcase (Mihas) 2023 has surpassed its sales target of RM2.5 billion as of its third day, according to the Malaysia External Trade Development Corp (Matrade).

NEW DELHI, Aug 20 — India, the world’s biggest exporter of onions, has imposed a 40 per cent export duty on onions with immediate effect.

SINGAPORE, Aug 17 — The non-oil domestic exports in Singapore declined by 20.2 per cent year-on-year, marking a contraction for the 10th straight month, government agency Enterprise Singapore announced Thursday, Xinhua reported.

HANOI, Aug 4 — Vietnam Trade Minister Nguyen Hong Dien today called on the country’s rice exporters to honour their export deals to maintain demand despite a recent surge in prices for the staple grain, state media reported.