Archived News

18/03/2016 (Reuters) - France's plans to impose an additional tax on palm oil used in food from 2017 moved a step closer as the National Assembly approved the levy, which has been vehemently opposed by top producers Indonesia and Malaysia.

17/03/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

17/03/2016 (Reuters) - Malaysian palm oil futures recovered losses from early trade and nudged higher on Wednesday due to expectations of lower output growth from a crop damaging El Nino.

17/03/2016 (Reuters) - France's National Assembly is due to vote by Thursday on a proposed additional tax on palm oil, a move that has prompted an outcry from top producers Indonesia and Malaysia who call it discriminatory and unfair.

17/03/2016 (Khmer Times) - Cambodia’s exports of crude palm oil have increased, though the price has declined in line with falling global prices, according to an official and a producer.

17/03/2016 (Reuters) - Thailand will buy up to 100,000 tonnes of crude palm oil (CPO) if palm fruit prices drop below a certain level, a government official said on Wednesday, amid slowing global demand for the commodity.

17/03/2016 (Bernama) - Thailand will undertake a comprehensive reform of its palm oil industry to increase competitiveness and to be at par with other producers of the commodity, said the Deputy Prime Minister Somkid Jatusripitak.

17/03/2016 (New Straits Times) - Malaysia has raised its tax on crude palm oil (CPO) exports to five per cent for April, ending an 11-month span of CPO being shipped out tax-free.

17/03/2016 (ANTARA News) - Indonesia, as the largest palm oil producer, should anticipate challenges and opportunities as well as maintain palm oil plantations in the future, according to Coordinating Minister for Economic Affairs Darmin Nasution.

17/03/2016 (Business Standard) - Cottonseed oil prices rose by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market today on mild demand from retailers.

17/03/2016 (GhanaWeb) - Government has inaugurated the reconstituted Board of Twifo Oil Palm Plantation Limited (TOPP) which it is the highest shareholder, with its proportion standing at 80.46% of the total company shares

17/03/2016 (The Star) - The implementation of a 5% tax on crude palm oil (CPO) exports starting April will boost the prospects of downstream segment players domestically as their cost competitiveness would increase relative to their Indonesian counterparts, say analysts.