JOHOR BAHRU (Sept 25): The Ministry of Agriculture and Food Security (MAFS) hopes to hold a meeting with India’s agriculture and farmers’ welfare minister soon, to find the best solution on the issue of India’s white rice export restrictions.

Agriculture Ministry to hold talks with Indian counterpart over white rice export to Malaysia

CGS-CIMB does not think that rising rice prices will have any significant impact on Malaysia's Consumer Price Index (CPI) this year.

Impact from rising rice price negligible on CPI growth, says CGS-CIMB

Palm oil fell to its lowest level in almost three months on concerns about poor demand and rising production, with losses in soybean oil putting further pressure on the tropical oil.

Palm oil hits three-month low on weaker soyoil, demand worry

The Indonesian Attorney General's Office has launched a corruption investigation into the country's palm oil fund agency, which oversees the collection and distribution of export levies on the commodity.

Indonesia attorney general launches graft probe into palm oil fund agency 

Deputy Minister of Agriculture and Food Security Chan Foong Hin, has called for a significant shift in local white rice pricing, advocating for a floating price determined by current market conditions.

Deputy agriculture minister advocates market-determined prices for local white rice

Planters are expected to enjoy lower production costs and improved crude palm oil prices in 2024, said MIDF Research, on the back of easing fertiliser prices and lower production seen due to El Nino.

Status quo for plantation windfall tax seen, but ‘could be tweaked higher’ — MIDF Research

Thailand has launched an investigation into imports of Chinese rolled steel for evading anti-dumping measures, the commerce ministry said in a statement.

Thailand launches probe into Chinese rolled steel imports

Copper demand in the world’s biggest user of the metal is slowing down at a time of the year when it usually picks up.

The copper market, traditionally a bellwether of economic health, is finding some support from the energy transition and Beijing’s efforts to revitalise growth.

China’s copper industry is struggling when it should be booming

Russia’s second consecutive bumper wheat harvest is reinforcing its position as the No 1 exporter, but it’s also easing price pressures stemming from Moscow’s invasion of Ukraine.

Flood of Russian wheat halves world prices from wartime high

Indonesia had a large rise in rice imports for the first eight months of the year compared to the same period in 2022, the country's statistics agency reported on Friday, as the government aims to replenish stockpiles of the staple.

Indonesia reports massive rise in rice imports to replenish stockpiles

(Sept 15): Rising food prices are likely to prove an additional concern for central bankers trying to subdue inflation as the cost of rice — a staple food in Asia — surges the most since 2008, according to HSBC Holdings Plc.

Surging rice prices raise specter of Asian food scare, HSBC says

India's edible oil imports in August rose 5.5% to a record 1.85 million metric tonnes as refiners purchased more than one million tonnes of palm oil for the second consecutive month to build stocks for upcoming festivals, a leading trade body said.

India's palm oil imports exceed one million tonne for second straight month

SINGAPORE/JAKARTA (Sept 14): Environmental groups have submitted a formal complaint to the World Bank for providing financial support for two coal-fired power plants in Indonesia, violating a pledge to stop backing fossil fuels.

Green groups slam World Bank for backing Indonesian coal plants

(Sept 13): Rice prices extended losses as buyers continued to juggle the fallout from India’s export restrictions, with Malaysia seeking to reduce its reliance on overall imports which make up more than a third of its needs.

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