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CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
Oil palm plantations to operate as normal
“We have gone through the MCO 1.0 phase in March 2020 and today we have been through it for almost one year. Of course, we have learned the best way for us to manage the plantations more prudently.
World food prices rise for seventh month in a row in December
World food prices rose for the seventh consecutive month in December, led by dairy products and vegetable oils, the Food and Agriculture Organization (FAO) of the United Nations reported.
GRAINS-Futures jump to multi-year highs after USDA cuts supply outlook
Chicago corn jumped 4% on Wednesday to a 7-1/2-year high and soybeans climbed to their loftiest since June 2014 after a widely watched U.S. report reduced its forecast for global supplies.
EU-China agreement catches US off guard
The EU-China Comprehensive Agreement on Investment has implications for the Quad as well since it will now be seen whether the US takes the lead to discuss a new China policy with the Quad countries, including India, or goes it alone, leaving each of them to make their own deals with China
Customs tariff needs to be rationalised
Since the introduction of the GST more than three years ago, Budget-making for indirect taxes has got limited to mainly Customs duties since changes in the rates of the Goods and Services Tax can only be done by the GST Council. Even so, in the last three years, no significant rationalisation has been done by the Finance Ministry in the Budgets. The rates are still far too diverse.
Malaysia to file WTO lawsuit against EU on Jan 15, says minister
MALAYSIA will file its lawsuit against the European Union (EU) on the trade bloc’s policy of phasing out palm oil-based biofuel imports to the World Trade Organisation (WTO) on Jan 15.
CPO stocks down 19.2% in Dec
Malaysia’s crude palm oil (CPO) stocks slumped 19.2% to 583,761 tonnes in December 2020 from the 722,451 tonnes in November, the Malaysian Palm Oil Board (MPOB) said
Malaysian crude palm oil exports becomes more competitive
Indonesia, the world's biggest palm oil producer, will increase its refined palm oil exports after raising taxes, leaving Malaysia to become more competitive in crude palm oil (CPO) exports, a leading industry analyst said on Monday.
New technologies, innovations important for Malaysia's palm oil sustainability — Mohd Khairuddin
Advances in research that generate new technologies and innovations are an important strategy for the sustainable development of the country's palm oil industry, said Minister of Plantation Industries and Commodities Datuk Dr Mohd Khairuddin Aman Razali.
