Archived News
14-10-2019
PM: We will study impact of India's planned trade curbs on Malaysia
KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamad said his government will monitor the trade situation with India, which is reported to be considering trade curbs on Malaysia over his criticism of actions in Kashmir.
14-10-2019
India may restrict imports of palm oil, other goods from Malaysia, says Reuters report
NEW DELHI/MUMBA: India is considering restricting imports of some products from Malaysia including palm oil, according to a Reuters report quoting government and industry sources, in reaction to the Southeast Asian country’s leader criticizing New Delhi for its actions in Kashmir.
14-10-2019
Malaysia to cut export duties for crude palm oil in 2020
KUALA LUMPUR (Reuters) - Malaysia will reduce duties on exports of crude palm oil, its first review since the current tax rate was imposed in 2013, Finance Minister Lim Guan Eng said on Monday.
14-10-2019
Singapore's APEX makes first physical crude palm oil delivery
KUALA LUMPUR, Oct 14 (Reuters) - Singapore-based Asia Pacific Exchange (APEX) completed the first physical delivery of its crude palm oil futures contract, the company said in a press statement on Monday.
14-10-2019
CPO futures likely to see profit-taking trading next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trend lower next week on profit-taking after buying activity persisted this week with the exception of Friday, said a dealer.
14-10-2019
Allocation for Felda settlers a smart move
THE Pakatan Harapan (PH) government under Budget 2020 has set a RM810mil allocation to protect the welfare of the Felda community.
11-10-2019
Malaysia end-Sept palm oil stocks mark first gain in 7 months
KUALA LUMPUR (Oct 10): Palm oil inventories in Malaysia, the world's second-largest producer of the edible oil, rose for the first time in seven months in September, data from an industry regulator showed on Thursday, as production rose amid slowing exports.
11-10-2019
Malaysia’s palm oil stocks up 9.3% in September 2019
KUALA LUMPUR: Malaysia’s total palm oil stocks rose 9.27 per cent to 2.448 million tonnes in September 2019 from 2.241 million tonnes recorded in the previous month.
11-10-2019
Malaysia palm oil inventory rises after six months' fall
KUALA LUMPUR (Nikkei Markets) -- Malaysia's palm oil inventory rose in September after shrinking for six straight months as exports fell sharply, while output rose, official data Thursday showed
11-10-2019
Indonesia Finds One-Fifth of Palm Oil Plantations Are Illegal
Indonesia is trying to clamp down on illegal palm oil plantations by first identifying the perpetrators. A government investigation found that 3.1 million hectares, or about 19% of the country’s total oil palm plantations, are operating without permits in forest areas. Authorities are in the process of identifying the owners of the unlicensed plantations and are seeking legal advice on how to deal with them, according to an official at Indonesia’s ministry of economic affairs.
11-10-2019
Indonesia could take back 1.4m hectares of forest cleared for oil palm
The Indonesian government could take back 1.4 million hectares of forest as part of its ban on land clearing for oil palm plantations, an official said today.
11-10-2019
Hypocrisy in Europe’s psy-war against palm oil
What do palm oil, lemons, and the Ku Klux Klan have in common? They all illustrate what economists term asymmetric information. Coined by the Noble Laureate George Akerlof (1970s), in his paper titled “The Market for Lemonsâ€, he demonstrated how different information that sellers impose on buyers lead to decisions ending in undesirable market outcomes.