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Management and field personnel of any oil palm estate belonging to the Sarawak Land Consolidation and Rehabilitation Authority (Salcra) which do not make profits may not be receiving their year-end bonus, Salcra acting general manager Joseph Blandoi said

KUALA LUMPUR: Crude palm oil (CPO) for third month delivery rose to a high of RM3,080 per tonne on Thursday, extending its rally from 2019 after India cut import duties.

KUALA LUMPUR (Nikkei Markets) -- India's recent move to cut import tax on Southeast Asian palm oil helped buoy plantation stocks in Malaysia, brightening the outlook for a sector that is enjoying a sharp rise in prices tracking tighter supplies.

KUALA LUMPUR: Malaysian palm oil futures surged over 2 per cent on the first trading session of 2020, surpassing rival soybean oil on the Chicago Board of Trade on higher imports from India due to a tax cut amid expectations of lower December inventories.

NCDEX Refined Soya Oil futures edged up marginally today amid firm demand trends in ready markets but the enthusiasm was curbed after a recent cut in import duties on overseas oil shipments fanned concerns about rising edible oil imports

BANGKOK – The government continues to promote the use of diesel B10 to support palm oil farmers and to prevent oil smuggling.

The import duty cut has been done within the framework of ASEAN agreement and the India-Malaysia Comprehensive Economic Cooperation Agreement (IMCECA), according to Finance Ministry notification

MUMBAI: India has cut import taxes on crude and refined palm oil from Southeast Asian (Asean) countries after a request from suppliers, a government notification said on Tuesday.

The government on Wednesday slashed import duty on refined palmolein from 50 per cent to 45 per cent, while that on crude palm oil (CPO) from 40 per cent to 37.5 per cent with immediate effect, a move that the industry opposed saying it will hurt domestic refiners.

China’s iron ore futures were the best performing commodity in 2019, more than doubling in value while natural gas ranked as the biggest loser, dropping by more than a quarter

The government's move to reduce import duty on refined and crude palm oil ,will hurt domestic refining industry, said Solvent Extractors’ Association (SEA), an apex trade body of the vegetable oil Industry.

Malaysia's palm oil industry has become an unexpected casualty of a row with India over disputed Kashmir.