Archived News
25-02-2021
VEGOILS-Palm climbs for fourth session to hit six-week high
Malaysian palm oil futures rose on Wednesday for a fourth straight session to hit a six-week high, tracking a rally in rival Dalian and Chicago Board of Trade soyoil on concerns over tightening soybean supply.
25-02-2021
Palm oil may test resistance at 3,752 ringgit
Palm oil may test a resistance at 3,752 ringgit per tonne, a break above which could lead to a gain to 3,834 ringgit.
25-02-2021
Palm oil industry not in the loop on additional cess
PALM oil industry players were taken aback by the government’s decision to impose additional cess of RM2 per tonne of palm products for both crude palm oil and crude palm kernel oil based on the Federal Government gazette dated Feb 15, 2021.
25-02-2021
Swiss May Back Indonesia Trade Deal Despite Palm Oil Concerns
25-02-2021
Brent oil may rise into $66.45-$66.97 range again
Brent oil may rise into a range of $66.45-$66.97 per barrel again, as suggested by its wave pattern and a projection analysis.
24-02-2021
Please, no new cess, palm oil associations tell govt
Palm oil associations are urging the government to not impose additional and new cess for the purpose of Mechanisation and Automation Research Consortium of Oil Palm (Marcop), in light of the recently gazetted Malaysian Palm Oil Board (Cess) (Amendment) Order 2021.
24-02-2021
Sri Lanka, Pakistan agree to expand relationship, trade ties
Sri Lanka and Pakistan have agreed to expand their bilateral relationship and trade ties during Pakistani Prime Minister Imran Khan's official visit to the island country.
24-02-2021
AfCFTA negotiations on rules of origin to conclude in June: Trade Ministry
During the seminar, organised by the Egyptian Furniture Export Council, Fathy added that rules of origin have been finalised for more than 81% of the total commodity items.
24-02-2021
VEGOILS-Palm oil gains 2% as crude, soyoil rise
The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange rose 74 ringgit, or 2.1%, to 3,618 ringgit ($895.32) a tonne during early trade.
24-02-2021
IOI Corp posts 66% jump in 4Q net profit amid high CPO prices
IOI Corp Bhd posted a 66% increase in its net profit to RM355.7 million for the second quarter ended Dec 31, 2020 from RM213.5 million in the previous year’s corresponding quarter, benefiting from high crude palm oil (CPO) and palm kernel (PK) prices
24-02-2021
Abolish extra taxes on palm oil, fix worker issues, govt told
The government should abolish all extra taxes on the struggling palm oil industry and focus on workers’ issues in the sector, an opposition MP said today.
24-02-2021
Concerns rise over SE Asian biodiesel feedstock quality
Biodiesel and renewable diesel producers are becoming increasingly concerned about the quality of palm oil mill effluent (POME) feedstock from southeast Asia