Archived News

To complement the government’s efforts to secure the country’s nutrition security, the dairy sector has sought zero tax on nutritional products butter, ghee (butter oil) and paneer (cottage cheese) from the current 12 per cent Goods and Services Tax (GST).

The rise in non-subsidised cooking oil prices was influenced by the rising price of crude palm oil (CPO) since August last year, said Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi.

The rising price of crude palm oil (CPO) globally may be a blessing for the nation’s economy but the downside to it is that it will lead to higher non-subsidised cooking oil prices

Oils and fats are used in the preparation of various food items, at both household and industry levels.

PETALING JAYA: Palm oil prices have been forecast to reach an average of RM2,800 per tonne, the highest since 2012, compared to RM2,685 per tonne last year.

KUALA LUMPUR: Malaysian palm oil futures climbed on Thursday, recovering from a near two-and-a-half-month closing low hit in the previous session, as heavy rains and floods in the top two producing countries stoked concerns over output.

KUALA LUMPUR: The Plantation Industries and Commodities Ministry has forecast crude palm oil (CPO) production this year to increase by about 3% to 19.7 million tonnes from 19.14 million tonnes last year.

KUALA LUMPUR (Jan 21): Sime Darby Plantation Bhd’s (SDP) biggest customers have not taken a blanket decision to ban its palm oil and palm oil products following the United States sanctions over forced labour allegations in the production process.

KUALA LUMPUR: Mid-sized upstream players will likely see better share price performances in the near term despite having factored in a much lower crude palm oil (CPO price) assumption of RM2,700 per tonne for 2021-2022.

HYDERABAD: Sindh Agriculture University (SAU), Tandojam would revise the MoU to conduct research, development and engage the students to boost up oil palm technology in Sindh, Pakistan.

KUALA LUMPUR: Sime Darby Plantation Bhd’s biggest customers have not taken a blanket decision to ban its palm oil and palm oil products after the United States imposed sanctions over allegations of forced labour in the production process, a company executive said today.

Malaysian palm oil futures climbed on Thursday, recovering from a near two-and-a-half-month closing low hit in the previous session, as heavy rains and floods in the top two producing countries stoked concerns over output.