Archived News

JAKARTA, May 25 (Reuters) - The world's two biggest palm oil producers Indonesia and Malaysia will send top officials to the European Union next week to voice concern over a new deforestation law they believe could be detrimental to small farming businesses.

KUALA LUMPUR (May 25): The Malaysian Palm Oil Board (MPOB) is conducting research and development (R&D) to produce a variety of oil palm trees that are tolerant to low rainfall, said its director general Ahmad Parveez Ghulam Kadir.

24/05/2023 (Malay Mail), Kota Kinabalu - Sabah will enhance its tax collection system to close loopholes and target evasion that were costing the state government millions in revenue, said Datuk Masidi Manjun.

23/05/2023 (Reuters), Mumbai - India's palm oil imports in May are set to fall to their lowest in 27 months as its rare premium over other edible oils prompted buyers to cancel cargoes and replace them with soyoil and sunflower oil, dealers and cargo surveyors said on Tuesday.

24/05/2023 (The Borneo Post), Kota Kinabalu - Finance Minister Datuk Seri Panglima Masidi Manjun on Wednesday expressed shock over the small number of personnel in the section that manages the collection of tax imposed on oil palm producers.

23/05/2023 (The Star Online), Kota Kinabalu - Boustead Plantations Bhd (BPlant) said its profitability for this year is dependent on the price direction for crude palm oil (CPO) and crop production.

24/05/2023 (The Edge Malaysia), Kuala Lumpur - The imposition of sales tax by the state governments of Sabah and Sarawak is the main reason why prices of fresh palm oil fruit bunches (FFB) in those two states are lower than in the Peninsular Malaysia, said the Ministry of Plantation and Commodities (KPK).

24/05/2023 (Harakah Daily), Kuala Lumpur - Ses merupakan bayaran yang dikenakan kepada industri sawit oleh kerajaan melalui Lembaga Minyak Sawit Malaysia (MPOB), kata Kementerian Perladangan dan Komoditi (KPK).

22/05/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures slipped more than 2% on Monday, surrendering the previous session's gains, as subdued demand, rising production, and losses in rival edible oils weighed on the market.

24/05/2023 (The Borneo Post), Kuala Lumpur - The imposition of sales tax by the state governments of Sabah and Sarawak is the main factor that causes the price of fresh fruit bunches of oil palm (FFB) in those two states to be lower than in Peninsular Malaysia, said the Ministry of Plantation and Commodities (KPK).

24/05/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures ended higher on Wednesday, snapping a two-day decline as a weaker ringgit and stronger crude futures provided support.

23/05/2023 (Free Malaysia Today), Mumbai - India’s palm oil imports in May are set to fall to their lowest in 27 months as its rare premium other edible oils prompted buyers to cancel cargoes and replace them with soyoil and sunflower oil, dealers and cargo surveyors said on Tuesday.