NATO’s growing activity in defending its eastern flank
NATO is reinforcing its eastern flank as Italy deploys Eurofighter Typhoons to Estonia, Finland opens a new Northern Land Forces Command, and European...
Malaysia’s palm oil stocks fell to 1.51 million tons in February, the lowest in nearly two years, due to lower production and exports. Crude palm oil output dropped 4.16%, while exports fell 16.27%. The decline may impact global prices, with supply and demand shaping future trends.
Malaysia’s palm oil stocks fell to their lowest level in nearly two years at the end of February, reaching 1.51 million metric tons, according to the Malaysian Palm Oil Board (MPOB). This marks a 4.31% decline from January, reflecting a downward trend in both production and exports.
Crude palm oil production in February dropped by 4.16% to 1.19 million tons, while exports saw a significant decline of 16.27%, totaling just over 1 million tons. Industry experts had predicted even lower stock levels at 1.48 million tons, but actual figures remained slightly higher than forecasts.
Comparing year-on-year data, Malaysia’s palm oil inventory was significantly lower than the 1.92 million tons recorded in February 2024, highlighting tighter supply conditions. Imports also fell to 66,784 tons, down from 88,474 tons in January.
The declining stock levels could influence global palm oil prices and trade flows, with demand and weather conditions playing a crucial role in shaping market trends in the coming months. As Malaysia remains a key player in the palm oil industry, these shifts may have wider economic implications.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
A federal jury in Marshall, Texas, ruled on Friday that Samsung Electronics must pay nearly $445.5 million in damages to patent holder Collision Communications for infringing patents linked to 4G, 5G, and Wi-Fi communication standards.
Gold prices rose above $4,000 an ounce for the first time on Wednesday, fuelled by investor demand for safe-haven assets amid rising geopolitical tensions and expectations of U.S. interest rate cuts.
U.S. shares ended Tuesday in negative territory as investors, cut off from official economic data due to the ongoing government shutdown, looked to alternative indicators and comments from Federal Reserve officials for guidance on economic weakness and monetary policy.
Elon Musk’s artificial intelligence startup xAI is targeting a $20 billion capital raise linked to Nvidia hardware, Bloomberg News has reported.
Türkiye’s benchmark stock index, the BIST 100, closed Tuesday at 10,814.11 points, up 0.74% from the previous session.
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