Archived News

05/04/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures slipped on Wednesday after touching a near three-week high the previous day, although a forecast of shrinking stockpiles limited the losses.

05/04/2023 (The Star Online), Kuala Lumpur - The government is studying to implement a two-tier pricing mechanism to control the market price of cooking oil for domestic consumption.

Malaysian palm oil futures jumped on Tuesday, hitting their highest closing levels in nearly three weeks, as traders covered positions following a surge in crude prices.

Malaysia said on Sunday, April 2, that the country has signed a memorandum of understanding with a Chinese government-backed trade association to enhance palm oil trade and cooperation.

KUALA LUMPUR: The Malaysian Palm Oil Association (MPOA) has urged the government to take into consideration the rising cost of production of crude palm oil (CPO) when determining the revised price of the windfall profit levy.

A retracement analysis on the downtrend from 4,425 ringgit reveals a break above the key barrier of 3,853 ringgit. The breaks increased the chance of a gain into 3,963-4,072 ringgit range. However, time is against bulls.

SPECULATORS reduced bullish views in Chicago-traded soybeans last week as last month’s sell-off was bottoming.

Brazil has enough potential to supply up to half of the soybeans that Argentina will import to keep its industrial park running in the face of the historic drought that ravaged the 2022/23 crop in the country, which is usually the largest exporter of soy oil and soy meal in the world.

03/04/2023 (Malay Mail), Kuala Lumpur - The government will improve the levy collection mechanism and is prepared to review the windfall profit threshold by taking into consideration palm oil production cost, said Deputy Finance Minister I Datuk Seri Ahmad Maslan today.

03/04/2023 (The Star Online), Kuala Lumpur - Windfall tax collected from the palm oil industry should be used to assist oil palm smallholders who are hard pressed, says Datuk Seri Dr Wee Jeck Seng.

03/04/2023 (The Edge Singapore) - Mewah International MV4 0.00% has executed a share sale and purchase agreement on Apr 3 to acquire 100% equity interest in PT Kencana Inti Perkasa (PTKIP), an Indonesian company which owns and operates facilities in the palm oil business.

03/04/2023 (Daily Express), Beijing - The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) Vice President Tan Sri Andrew Liew hopes at least one Sabahan will be appointed to the Malaysian Palm Oil Board (MPOB).