Latest News

MARKET DEVELOPMENT
06-01-2020

No profit, no bonus, Sarawak authority warns state oil palm farmers

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

MARKET DEVELOPMENT
03-01-2020

CPO jumps after India cuts import duties

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.

MARKET DEVELOPMENT
03-01-2020

Malaysian palm oil shares rise on India's import tax cut

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.

MARKET DEVELOPMENT
03-01-2020

Palm oil surges

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.

MARKET DEVELOPMENT
03-01-2020

NCDEX Refined Soya Oil Pauses After Cut In Palm Oil Import Duty

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

MARKET DEVELOPMENT
03-01-2020

Government promotes use of diesel B10

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

MARKET DEVELOPMENT
03-01-2020

Govt cuts import duty on crude, refined palm oil; move to hurt domestic refiners

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

MARKET DEVELOPMENT
02-01-2020

India cuts tax on palm oil imports, Msia to benefit

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.

MARKET DEVELOPMENT
02-01-2020

Import duty on crude, refined palm oils cut by 5%

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.

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