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Malaysian palm oil producer Sime Darby Plantation has signed a memorandum of understanding (MoU) with Chinese Cofco Group to collaborate on several palm oil ventures. The MoU included joint research into the health effects of palm oil, developing the capacity for value added products manufacture and establishing joint sales and marketing
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Malaysian palm oil futures eased in the first half of trade, in line for second session of losses, as worries over U.S.-China trade relations and a bearish sentiment due to higher-than-forecast output in April weighed. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives
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