Mexico said on Friday (June 2) it would counter US arguments over agriculture biotech measures, including plans to limit its use of genetically modified (GM) corn, in trade dispute settlement consultations requested by Washington earlier in the day.

Mexico to fight US dispute over GM corn after formal consultations fail

Chicago wheat futures dipped during Asian trading on Friday (June 2) and were on track for a weekly decline as damage to crops in China from heavy rain is seen unlikely to dampen global supply.

US wheat dips as worries ease over rain-damaged crop in China

Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives reversed three days of losses to end higher on Thursday, tracking gains on the Chicago Board of Trade’s (CBOT) soybean oil market.

Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said CPO futures also saw some short recovery after the prices for benchmark month August 2023 was seen at the lowest levels since November 2020 on Wednesday.

CPO futures snap three days of losses to close firmer

Indonesia will consider new limits on exports of liquefied natural gas, a potential extension of trade curbs that’ve previously disrupted nickel to coal and palm oil markets.

Indonesia considers limits on LNG exports in new trade curbs

JITRA (May 28): The Ministry of Agriculture and Food Security intends to explore saltwater rice cultivation methods, in an effort to increase the country's rice production in future.

Agriculture Ministry intends to explore saltwater rice cultivation

Europe should not ignore the Roundtable Sustainable Palm Oil (RSPO) scheme and accept it as the basis for allowing palm oil exports from Indonesia and Malaysia, said EU-Asean Business Council Executive Director Chris Humphrey.

EU-Asean Business Council calls for acceptance of RSPO scheme for palm oil exports

PUTRAJAYA (May 25): The government allows two refiners to sell fine white sugar, a new type, at market price, effective May 25. However, the existing ceiling prices remain on refined and coarse sugar, according to Domestic Trade and Cost of Living Minister Datuk Seri Salahuddin Ayub.

Refiners introduce fine white sugar at market price; ceiling prices remain on refined and coarse sugar

PENAMPANG (May 19): Sabah Electricity Sdn Bhd (SESB) has supplied a total of 11 units of mobile generators with a capacity of 4.5 megawatts (MW) to meet consumer demand in Sabah, where usage is quite high during the current hot spell, said Deputy Chief Minister III Datuk Shahelmey Yahya.

SESB adds 11 mobile generators to supplement power in Sabah, says Shahelmey

Malaysia’s Deputy Prime Minister Datuk Seri Fadillah Yusof and Indonesia’s Coordinating Minister for Economic Affairs Airlangga Hartarto are optimistic that their joint mission to Brussels end-May to discuss the European Union Deforestation-free Regulation (EUDR) will yield positive outcomes.

The ministers said they will seek clarity on the guidelines of the EUDR, besides its rules and regulations, and the European Union’s (EU) unacceptance of the Malaysian Sustainable Palm Oil (MSPO) certification and ISPO (Indonesia Sustainable Palm Oil), which is Indonesia's national sustainability certification scheme for palm oil.

Malaysia and Indonesia optimistic about positive outcomes on deforestation-free regulation discussion with EU  

SINGAPORE/JAKARTA (May 15): China's Shandong Nanshan plans to expand its new Indonesian alumina plant to a US$6 billion aluminium smelting complex by 2028, a company executive said, which would be among the largest foreign investments in the resource-rich nation.

Shandong Nanshan is amo...

Shandong Nanshan may expand Indonesia site into US$6 bil aluminium complex

Top corn importer China could cancel more purchases of the grain from the US because the country can buy more cheaply from Brazil and as some local producers of hog feed replace corn with wheat in their rations.

Corn futures in Chicago have come under pressure from Chinese cancellations of 832,000 tons in the past three weeks. Increased competition from Brazil is underscored by forecasts for it to pass the US as the top exporter this year.

China may cancel more US corn in shift to cheaper Brazil cargoes

Mounting fears over the US debt-ceiling crisis will benefit gold as investors brace for potential chaos in financial markets, according to RBC Capital Markets.

Hopes for a deal to avert a first-ever US default were set back after President Joe Biden and House Speaker Kevin McCarthy postponed a meeting on Friday (May 12) that had been aimed at resolving the impasse. However, the delay signals that staff-level talks were yielding progress, according to people familiar with the talks.

Gold looks ‘best hedge’ as debt-ceiling angst builds, RBC says

China halted operations at 32 coal production locations in Inner Mongolia after a deadly accident in February triggered nationwide safety checks.

The affected operations were open pits with steep slopes on the edge of mining areas. That poses safety risks similar to the fatal accident, in which a landslide left 53 people dead or missing, industry publication Thermal Coal Group reported, citing National Mine Safety Administration.

China halts 50 million tons of coal output after deadly accident

Crude palm oil (CPO) futures on Bursa Malaysia Derivatives (BMD) continued its losing streak on Friday, closing lower amid growing concern over the bearish outlook of regional commodity markets, a dealer said.

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