Archived News

The Indonesian government has announced the export duty on Crude Palm Oil in December will be raised to $33/mt from $3/mt Nov. 30, after the December reference price of CPO exports was calculated at $870.77/mt, up from $782.03/mt in November.

Since the formation of Sarawak Oil Palm Plantation Owners Association (SOPPOA), 12 years ago on December 11, 2008, the association has grown and transformed into a premier plantation organisation in Sarawak as well as in Malaysia.

Malaysian palm oil futures fell on Monday, tracking weakness in rival edible oils on the Dalian Commodity Exchange and the Chicago Board of Trade (CBOT). The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange declined 27 ringgit, or more than 0.8%, to 3,295 ringgit a tonne

The Regional Comprehensive Economic Partnership (RCEP) agreement was finally signed two weeks ago, after eight long years involving 31 negotiating rounds and eight ministerial sessions.

Indonesia, the world's biggest palm oil maker, produced 7.20 million kilolitres (KL) of biodiesel made from palm oil in the January to October period, an industry group said in a statement on Monday.

Malaysia has made no decision on whether to extend an export tax exemption on palm oil products after it ends on Dec. 31, an official from the Plantation Industries and Commodities Ministry told Reuters on Monday

Cargill has moved to enhance its environmental policies in becoming one of a small number of large-scale US suppliers of segregated palm oil certified by the Roundtable for Sustainable Palm Oil (RSPO), writes Neill Barston

India’s cut in crude palm oil (CPO) import duty to 27.5 per cent will make CPO more attractive as the commodity is set to regain some of the market shares it lost to sunflower and soybean oils this year, says Maybank Kim Eng.

The government is expected to earn palm oil windfall profit levy of about RM500 million in 2021 if the price of crude palm oil (CPO) recorded is between RM3,000 and RM3,500 per tonne compared to expectations of RM348 million a year for this year

The Malaysian Estate Owners' Association (MEOA) has appealed for the Malaysian Palm Oil Board (MPOB) Cess Order 2020 to be postposed to a later date from its current Jan 1, 2021 implementation date.

Malaysian Palm Oil Association (MPOA) has lodged a formal complaint and demands that Kraft Heinz stop using the “No Palm Oil” claim which goes against the spirit of the Rountable of Sustainble Palm Oil (RSPO)’s Shared Responsibility pledge

MUAR MP and former Cabinet Minister Syed Saddiq Syed Abdul Rahman recently advocated windfall taxes in Parliament to be imposed on glove manufacturers in Malaysia