Sunday , November 24 2024

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Indonesia trimming palm oil stocks with discounts, India sales

Indonesia trimming palm oil stocks with discounts, India sales

Indonesian palm oil producers are whittling down their hefty inventory overhang with discounts versus rivals and aggressive sales to India, where demand is picking up for next month’s Diwali festival, industry officials said. Backed by Jakarta’s waiver of palm oil export levies, which was recently extended to Oct. 31 and …

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HCMC seizes prime public lands sold in corrupt deal

Two land plots measuring 6,300 sq.m in downtown HCMC are set to be expropriated from a company that had paid a state-owned corporation well below market price for them. The city administration pulled the plug on what was found to be a corrupt deal, and impounded the plots on Nguyen …

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