Archived News
02-01-2019
India cuts tax on palm oil imports; Malaysia to gain most
MUMBAI: India has cut import taxes on crude and refined palm oil from Southeast Asian (ASEAN) countries after a request from suppliers, a government notification said.
02-01-2019
Cut in India CPO duties seen benefiting Malaysia
PETALING JAYA: India has unexpectedly cut import duties on crude palm oil (CPO) from some countries, including Malaysia and Indonesia, to 40% from 44% prior to this.
02-01-2019
Malaysians asked to consume more palm oil in bid to shore up prices
MELAKA: Malaysians have been urged to consume palm oil in many forms in their daily lives as a patriotic move to help shore up the commodity’s flagging price, says Deputy Primary Industries Minister Shamsul Iskandar Mohd Akin.
02-01-2019
Reducing palm oil duty a death knell for India's refining industry: Solvent Extractors' Association of India
The government's decision to reduce the duty difference between CPO (crude palm oil) and palmolien has the potential of sounding the death knell of the palm refining industry, a release issued by the Solvent Extractors' Association of India (SEA) on Tuesday said.
02-01-2019
CPO prices to gradually rise in 2019, stockpiles remain high in 1Q
Crude palm oil (CPO) prices, which hit a record low of RM1,773 per tonne last year, are expected to post a rebound in 2019 as unusually dry condition and reduced inventories could help Malaysia’s key commodity.
02-01-2019
Malaysian palm producer FGV appoints new chief financial officer
KUALA LUMPUR, Jan 2 (Reuters) - Malaysian palm oil producer FGV Holdings Berhad has appointed Mohd Hairul Abdul Hamid as its chief financial officer, it said in a bourse filing on Wednesday, following a management shake-up that saw the departure of key executives last year.
31-12-2018
Malaysian palm oil/vegoils: Market factors to watch Monday Dec 31
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Dec 31
31-12-2018
2018 sees sea change in Malaysia’s approach towards trade pacts
The year 2018 saw a sea change in Malaysia’s political and economic landscapes, with a high-profile trade war and tit-for-tat action between the world’s two largest economies serving as a backdrop to what could be an eventful year for international trade pacts
31-12-2018
TPP trade agreement set to help exports
The first tariff cuts stemming from the Trans-Pacific Partnership will flow through to Australian exporters from December 30
31-12-2018
Trade wars cost US and China billions of dollars each in 2018
The US-China trade war resulted in billions of dollars of losses for both sides in 2018, hitting industries including autos, technology – and above all, agriculture
31-12-2018
Fears for next year after a ‘scary’ 2018 for markets
The year 2018 was miserable for emerging markets (EMs), beset by, among other things, aggressive US interest rate hikes, tariffs and a trade war
31-12-2018
Crude Palm Oil Weekly Report – December 29, 2018
The Malaysian palm oil futures (FCPO) closed with its third consecutive gains as US soybean oil strengthened and lifted by global stock markets. However, the stronger ringgit capped further gains.