Archived News

22/03/2022 (Malay Mail Online), Kuala Lumpur - Deputy Minister of Plantation Industries and Commodities II Datuk Willie Mongin today lamented that experts of Malaysia's palm oil produce are constantly seeking ways to criticise its endeavours, making it difficult for local industry stakeholders to comply with export regulation on the harvest.

21/03/2022 (The Edge Markets) - The third Palm Biodiesel Conference that will take place in Yogyakarta, Indonesia on March 24 is an opportunity to strengthen cooperation and investment, as well as addressing the challengers in developing sustainable and environment-friendly, carbon neutral and renewable energy.

INDONESIA’S move to increase its export levy on palm oil products will be negative for crude palm oil (CPO) producers.

LETTERS: There is growing concern about the import ban on palm oil products into the United States.

KUALA LUMPUR: The government is expected to collect more than RM1 billion in windfall profit tax levy in 2022 based on the projected average crude palm oil price of RM4,250 per tonne and the production level of 19 million tonnes.

Palm oil export revenue for 2022 is expected to grow by 11.8 per cent to RM72.25 billion from RM64.62 billion recorded in 2021, says Minister of Plantations, Industries and Commodities (MPIC) Datuk Seri Zuraida Kamaruddin.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade lower next week on technical correction following continued speculative play, Interband Group of Companies senior palm oil trader Jim Teh said.

KUALA LUMPUR: Malaysian palm oil futures reversed early gains to fall more than 5% on Friday, posting their deepest weekly plunge since 1986, after top producer Indonesia’s abandonment of volume curbs on exports outweighed news of a higher export levy.

U.S. soybean futures extended gains on Friday, tracking an upside in vegetable oils and crude oil prices, and as drought and government policies raised concerns over supplies from top exporter Argentina.

JAKARTA (March 17): Indonesia will remove export volume restrictions on palm oil products and raise its export levy instead, its trade minister said on Thursday, in a surprise policy U-turn just a week after it shocked markets by further tightening its curbs.

JAKARTA, March 18 (Reuters) - Indonesia has raised its palm oil export levy and the maximum rate has been set at $375 a tonne when the reference price for the edible oil hits $1,500 a tonne, up from $175 previously, a new government regulation showed on Friday.

KUALA LUMPUR: Malaysian palm oil futures plunged to an intraday low of 6.7% on Thursday after Indonesia removed its export restrictions, but the contract pulled back significantly as crude prices surged.