KUALA LUMPUR: Malaysia’s Felda Global Ventures Bhd (FGV) said it expects a 30 to 50 percent increase in palm oil export volumes to India, Pakistan, China and Europe following the suspension of palm oil export duty. Malaysia suspended export taxes on crude palm oil for three months last week. “With this development, we expect a 30-50 percent increase in the export volume to major importing countries like India, Pakistan, China and Europe,” FGV Group President and Chief Executive Officer Zakaria Arshad said in a statement. This shall also enable us to increase supply to our joint-venture refinery in Pakistan at a more competitive pricing.” FGV expects average crude palm oil prices for the first quarter of 2018 to improve slightly by trading around 2,650 ringgit to 2,750 ringgit per metric tonne, he added.
Power demand rises as heat intensifies; LNG cargoes sought to avert load-shedding
ISLAMABAD: As temperatures climb across the country, electricity demand has surged, prompting the Power Division to request four Liquified Natural...
