|
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
Palm oil may test support at 3,381 ringgit
Palm oil may retest a support at 3,381 ringgit per tonne, a break below which could cause a fall to 3,300 ringgit.
Govt has no plans to levy windfall profit tax on rubber glove companies
The government has no plans to impose a windfall profit levy on rubber glove manufacturers that are enjoying supernormal profits from the higher demand and selling price of rubber gloves worldwide nor to other businesses that have profited greatly due to the Covid-19 pandemic, according to the Ministry of Finance (MoF).
VEGOILS-Palm oil edges lower on weaker rivals, higher export taxes
Malaysian palm oil futures edged lower on Wednesday, weighed down by weakness in rival oils and the country's move to raise export taxes for the commodity.
Malaysian palm oil rebounds
Malaysian palm oil futures reversed losses on Tuesday, as prospects of imports by China improved and top producer Indonesia said it would stick with its original biodesel plan
Commodities 2021: Climate change policy targets to stimulate EU biodiesel consumption
Biofuel mandates and diesel demand recovery are set to fuel higher EU biodiesel consumption in 2021. S&P Global Platts Analytics projects 2020-21 EU biodiesel consumption will increase by 1.86 million mt on the year to 16.68 million mt.
Facts and figures of Africa free trade, AfCFTA
The agreement initially requires members to remove tariffs from 90 per cent of goods, allowing free access to commodities, goods and services across the continent.
CPO export tax rate at 8% from Jan 1 to 31, 2021
The Royal Malaysian Customs Department said the eight per cent export duty rate was set after the CPO market price reached RM3,450 per tonne and above.
CPO futures close up, boost from firmer soybean oil
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today on the back of stronger soybean oil prices during the Asian hours.
VEGOILS-Palm oil jumps over 1% as rival oils gain
Malaysian palm oil futures jumped 1.5% on Tuesday, tracking gains in rival oils on the Dalian Commodity Exchange and Chicago Board of Trade (CBOT).
