Archived News

Contrary to the lobby’s claims, reduction in import duty will incentivise domestic oilseeds growers

KUALA LUMPUR: Malaysia, the world’s second-largest palm oil producer, is reviewing the duty structure for its exports of the edible oil, according to its minister in charge of agriculture produced for export, to boost demand and reduce burgeoning stockpiles.

KUCHING: The palm oil industry continues to experience a tough cost structure, analysts said, which may hamper the industry’s performance entering 2019.

The Indonesian Oil Palm Estate Fund (BPDP-KS) stressed that it would continue its program in 2019, despite the temporary removal of export levies due to the recent crude palm oil (CPO) price slump.

London — The main point of focus around European biodiesel in 2019 is expected to be developments on anti-subsidy duties against Indonesian and Argentinian biodiesel imports, which are of critical concern for European supply balances.

Asian biodiesel exports should receive a boost if the EU carries through plans to impose anti-subsidy duties (ASDs) on Argentinian biodiesel imports – but higher biodiesel blend mandates in Malaysia and Indonesia may limit export quantities available in 2019.

Indonesia will keep the export tax for crude palm oil (CPO) at zero and the export tax for cocoa at 5 percent for January, Oke Nurwan, a senior official of the trade ministry, said on Wednesday

KUCHING: Analysts across the board have mixed opinions on the outlook for crude palm oil (CPO) prices in 2019, citing unfavourable cost structures, an upcoming implementation of sustainability rules as well as inventories and production factors coming in to play.

KUALA LUMPUR (Dec 26): Malaysian palm oil futures fell over 1% on Wednesday, extending falls into a fourth session, as the ringgit strengthened while weakness in related edible oils also weighed on the market.

While 2018 was the year trade wars broke out, 2019 will be the year the global economy feels the pain.

The Department of Agriculture aims to set a government support price for copra amid the continued decline of the commodity’s mill gate prices

China plans to remove import and export tariffs in 2019 on a range of goods, including import taxes on alternative meals used in animal feed, to secure supplies of raw materials amid trade tensions with the United States and boosting outbound cargoes