Archived News
25-02-2021
Palm extends three-day rally on tight supply, stronger rival oils
Malaysian palm oil futures climbed for a fourth day on Wednesday, supported by a tight supply and tracking a rally in rival Dalian and Chicago Board of Trade soyoil.
25-02-2021
New palm oil cess damages economic recovery – Yong
Hitting the palm oil industry with an additional cess of RM2 per ton of crude palm oil and palm kernel oil is damaging the economic recovery of the country, especially oil palm producing states like Sabah, said Sabah Progressive Party (SAPP) president Datuk Yong Teck Lee.
25-02-2021
Exports edge up for second month
Exports rose for a second straight month in January, albeit at a slow pace, edging up by 0.35% from the same month of last year after a 4.71% year-on-year surge in December 2020.
25-02-2021
OILSEEDS PRICES
Mumbai, FEB 24 (PTI) OILS (per 10 Kgs) G.Nut Raw 1530.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1500.00
25-02-2021
Automate, woo young Malaysians, palm oil sector told
The labour shortage in the palm oil sector is the biggest problem facing the industry at the moment, say researchers who believe greater efforts have to be taken to reduce the over-reliance on cheap foreign workers.
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.