Archived News
23-06-2021
Cooking oil subsidy mechanism discussions in final stages: Khairuddin
The government is in the final stages of discussions to determine the best mechanism for two-kilogramme (kg) or five kg bottled cooking oil, Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali.
23-06-2021
EU to support Indonesia's sustainable palm oil push: Czech Republic
Czech Environment Minister Richard Brabec has assured that the European Union (EU), under the presidency of the Czech Republic, will support Indonesia’s efforts to develop sustainable palm oil.
23-06-2021
Call to ratify RCEP and CPTPP by year-end
Business and association leaders from various industries in Malaysia were unanimous in their call for the government to ratify the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) free trade agreements (FTAs) as soon as possible.
23-06-2021
Indonesia's new palm oil levy likely to lift exporters' profit margin
Indonesia’s decision to change the levy structure for palm oil exports is expected to improve profit margin for exporters, Indonesia Palm Oil Association (GAPKI) said, though other groups felt the frequent changes in rules are hurting demand.
23-06-2021
Palm erases early gains to end flat on Indonesia's export levy change
Malaysian palm oil futures surrendered early gains to end little changed on Tuesday, dragged by expectations of rising production and Indonesia's plan to revise its palm oil export levy.
23-06-2021
Incentivising production of pulses, oilseeds
From a stable trade policy to giving sops for transport and storage, there are myriad set of measures that can be adopted.Pulses are a crucial and affordable source of protein, fibre and essential vitamins. It is a highly water efficient and climate resilient crop that can be grown in drought prone areas. It helps in soil fertility by fixing nitrogen and promoting soil microbes.
23-06-2021
Sale of plantation business a strategic move by IJM
THE sale of IJM Corp Bhd’s 56.2% stake in IJM Plantations Bhd (IJMP) to Kuala Lumpur Kepong Bhd (KLK) for a total cash consideration of RM1.5 billion or RM3.10 per share is seen as a strategic move by the conglomerate, making it a more difficult target for predators
23-06-2021
RCEP forecast to boost Malaysia’s GDP by 0.8-1.7 percentage point
The Regional Comprehensive Economic Partnership (RCEP) will boost Malaysia’s gross domestic product (GDP) by 0.8 to 1.7 percentage points and exports growth by 24.4 per cent over the medium and long term period.
23-06-2021
ASEAN’s predicted export growth with Europe in the agricultural market by 2030
Agriculture is a major player in the world economic scene. Trade traverses both national and international borders. Therefore growth is always expected as the world becomes more interconnected and globalised
22-06-2021
VEGOILS-Palm tracks overnight gains in soyoil on China demand
Malaysian palm oil futures advanced on Tuesday, lifted by overnight strength in rival Chicago soyoil on solid demand from China, though Indonesia's plan to revise its palm oil export levy limited gains.
22-06-2021
Palm oil declines on Indonesia’s plan
Malaysian palm oil futures fell on Monday, extending last week’s losses on news of Indonesia’s plan to change its export levy.
22-06-2021
Ministry directed to hold meeting with ghee/edible oil makers
Finance Minister Shaukat Tarin directed the Ministry of Industries and Production, on Monday, for having a meeting with the ghee and oil manufacturers, in order to ensure that declining prices of palm oil and soyabean in the international market are translated in the domestic market for the benefit of the consumers.