Archived News

15/10/2012 (Hindu Business Line) - Commodities are seen under pressure after an across-the-board fall on Friday in the global market. The weakening of the dollar, too, could add to the bearish sentiment.

13/10/2012 (Bloomberg) - Malaysia, the world’s second-biggest palm-oil producer, will reduce the export duty on the crude variety and abolish a duty-free shipment quota from Jan. 1, according to the government. Futures dropped.

13/10/2012 (Domestic Fuel) - The United States Environmental Protection Agency (EPA) is currently reviewing whether to allow biofuels produced from palm oil as an allowable renewable fuel under the Renewable Fuel Standard (RFS2). The palm oil industry and the Indonesian and Malaysian governments are applying pressure to the EPA to reverse its finding that the greenhouse gas emissions resulting from palm oil production are too high to quality as a biofuel under RFS2.

13/10/2012 (Manila Bulletin) - Malaysia's Felda Global Venture (FGV), the world's largest producer of crude palm oil, has expressed interest to infuse huge investments in Mindanao after Manila and the Moro Islamic Liberation Front (MILF) agreed on a peace deal it viewed as “potentially opening up tracts of farm land."

13/10/2012 (The Star) - The revival of the country’s once stagnant biodiesel industry is expected to stay intact with the latest measure to implement the B10 biofuel programme that will see the current high domestic palm oil stocks being channelled as feedstock to biodiesel producers as part of the Government’s effort to stabilise the current downtrend in CPO prices.

13/10/2012 (China Post) - Myanmar\'s reformist government on Thursday invited foreign investment in its agricultural sector as part of efforts to revive its struggling economy.

13/10/2012 (Bernama) - The Government has agreed to implement a number of measures to strengthen the competitiveness of the palm oil industry. This is following the decline in palm oil prices since September 2012 and increase in domestic palm oil stocks.

13/10/2012 (Bernama) - The government will implement a reduced export duty structure for crude palm oil (CPO) effective Jan 1, 2013, a move that will allow Malaysia's palm oil industry to compete with other palm oil exporting countries in price terms.

13/10/2012 (Bernama) -- The government will implement a reduced export duty structure for crude palm oil (CPO) effective Jan 1, 2013, a move that will allow Malaysia's palm oil industry to compete with other palm oil exporting countries in price terms.

13/10/2012 (Business Times) - Palm oil prices yesterday fell RM23 to close at RM2,500 per tonne as traders take heed that Malaysia will only adopt the new crude palm oil (CPO) tax regime and do away with duty-free export quotas from January 2013 onwards.

13/10/2012 (The Star) - Malaysia may rank as the world’s second largest crude palm oil (CPO) producer after Indonesia but in terms of pricing, the local CPO traded both on the spot and futures market has been the global pricing benchmark for the commodity trading worldwide for more than two decades.

13/10/2012 (Reuters) - Malaysian palm oil futures ended lower on Friday after the government announced tax cuts that will only take effect from Jan. 1, as traders had expected a more immediate policy.