Archived News

The Indonesian government is looking at raising its export levy on crude palm oil (CPO). Should the country decide to hike the levy, Malaysian plantation companies will have narrower margins for operations in the republic.

Plantations in Sabah can now work at full capacity during the current Conditional Movement Control Order (CMCO).

Malaysian palm oil futures rose on Friday after scaling a more than nine-month high in the previous session, with strength in rival oils putting palm on course for a second straight weekly gain.

FGV Holdings Bhd, one of the world’s biggest palm oil producer, is now in hot water following the Federal Land Development Authority’s (Felda) move to terminate its land lease agreement (LLA) with the group.

MALAYSIA’S total trade in September rebounded by 5.5% year-on-year (YoY) to RM155.88 billion from last year, is supportive of a “better” third quarter (3Q) GDP after the -17.1% slump recorded in 2Q.

While the termination of the land lease agreement (LLA) with the Federal Land Development Authority (Felda) will significantly reduce FGV Holdings Bhd’s landbank moving forward, the development is however deemed financially positive to the group and could even pose new acquisition opportunities, analysts say.

South Korea and Mongolia will lower tariffs on some products starting next year, as Ulaanbaatar joined a regional trade pact known as the Asia-Pacific Trade Agreement (APTA), Seoul's finance ministry said Friday.

Bilateral trade between Pakistan and Sri Lanka which reached $460 million in 2018 had potential to cross $2.7 billion if governments on both sides improved the Pakistan-Sri Lanka Free Trade Agreement (PSFTA) and removed major impediments in tariff rationalisation, a SAARC study said.

PALM oil industry players must remain committed and stay firm on fostering sustainable development and promoting responsible growth for the industry, amidst efforts to mitigate the effects from the COVID-19 health crisis.

Malaysian palm oil futures eased on Wednesday, its second straight session of losses, on profit booking ahead of a public holiday after hitting a one-month high earlier this week

The total trading volume for FCPO reached a new historical all-time high of 12.0 million lots, surpassing the previous record of 11.91 million lots achieved in 2017.

A leading trade body has urged the Indian government not to reduce import taxes on edible oils as lower prices could hurt local farmers who are trying to boost production.