Archived News

OPEC+ ministers resume talks on Monday after failing to reach a deal on oil output policy in two days of talks last week amid a rare public standoff between Gulf allies Saudi Arabia and the United Arab Emirates

European Union targets to boost biofuel use are likely to have led to the deforestation of an area roughly the size of the Netherlands over the last decade to expand soy, palm and other oil crops, a report said on Monday.

In the tenth year of the FTA implementation, 98.1 percent of Korean tariffs have been removed. In the first five years of the deal, 99.6 percent of EU tariffs were eliminated. It is regarded as one of the most comprehensive trade agreements with a high degree of market openness.

KUALA LUMPUR (July 5): Malaysia's palm oil inventories at the end of June likely hit a nine-month high as production jumped, although a rebound in exports kept supply tight, a Reuters survey showed today.

PETALING JAYA: The latest palm oil export tax revisions by India and Indonesia are deemed as favourable for the plantation sector, say analysts.

Changes to the duty structures made by both Indonesia and India this week should give palm oil demand a boost and have come at “an opportune moment,” easing concerns about oversupply heading into the second half of the year, according to market participants.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with upward bias next week, tracking the strong sentiment in the Chicago bean oil market as well as the prospect of better performance.

Malaysia, the world second-largest palm oil producer, is facing a labour shortfall of around 32,000 people due to corononavirus restrictions, the country’s commodities minister said on Thursday.

KUALA LUMPUR (July 2): Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives has maintained its upward momentum for the fourth consecutive day today, boosted by the anticipation of higher demand, especially from India.

Kuala Lumpur: Malaysia can now export more refined, bleached and deodorised (RBD) palm olein to India after the Indian government removed its 18-month long restriction on imports of refined palm oil products.

INDIA’S decision to lower its import duty on crude palm oil (CPO) from 15% to 10% is a positive development for crude palm oil exports and upstream plantation companies in Malaysia.

KUALA LUMPUR, June 30 — The Indian government’s decision to reduce its import duty on crude palm oil (CPO) from 15 per cent to 10 per cent is a boon for the Malaysian palm oil industry, giving immediate relief to the smallholders, said the Malaysian Palm Oil Board (MPOB).