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OILS & FATS
21-10-2024

Budget 2025 adjustments in export tax seen helping palm oil refining industry be more competitive

20/10/2024 (The Malaysian Reserve) - THE adjustments in export tax under Budget 2025 will help the palm oil refining industry be more competitive, compared with Indonesia, according to Glenauk Economics.

OILS & FATS
21-10-2024

Upwards adjustment to palm oil windfall profit levy threshold not sufficient, says MPOA

19/10/2024 (The Edge Malaysia), Kuala Lumpur - The upward adjustment to the windfall profit levy (WPL) threshold for crude palm oil (CPO) announced in Budget 2025 “does not address the financial burdens” posed by the mechanism, the Malaysian Palm Oil Association (MPOA) said.

OILS & FATS
21-10-2024

Palm oil co-operative management company charged with failing to deposit over RM9mil

19/10/2024 (The Star), Kuala Lumpur - A management company overseeing a palm oil co-operative scheme was charged in the Sessions Court last Tuesday (Oct 15) with failing to deposit RM9,647,971.71 into the group's reserve fund trust account last year.

OILS & FATS
21-10-2024

CPO up 3.1pct to RM4,005 in first 8 months of 2024 – MPOB

20/10/2024 (New Straits Times), Kuala Lumpur - Malaysia's palm oil industry chalked up a mixed performance in the first eight months of the year, marked by higher prices and output plus a notable yield improvement.

OILS & FATS
21-10-2024

Govt to procure 5.5m litres of soybean oil

20/10/2024 (Dhaka Tribune) - The government on Sunday approved separate proposals for procuring approximately 5.5 million litres of soybean oil and 150,000 tons of fertilizer to meet the growing demand in the country.

OILS & FATS
18-10-2024

Palm falls on mix trading in rival oils

17/10/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures closed down on Thursday after rising in the previous session, weighed down by mixed trading in rival oils.

OILS & FATS
18-10-2024

Sarawak palm oil sector embraces sustainable practices amid technological challenges

17/10/2024 (Borneo Post), Kuching - Palm oil industry players and the Sarawak government are intensifying their commitment to balance industrial progress with ecological responsibility, ensuring the palm oil industry continues to thrive in a sustainable manner, said Sarawak Oil Palm Plantation Owners Association (Soppoa).

OILS & FATS
18-10-2024

Govt slashes VAT on import of edible oil

18/10/2024 (Prothomalo) - The government on Thursday reduced the Value Added Tax (VAT) on import of soybean and palm oil to 10 per cent from existing 15 per cent.

OILS & FATS
18-10-2024

YGN palm oil wholesale reference rate dips this week

17/10/2024 (Global New Light Myanmar) - The wholesale reference rate of palm oil for the Yangon market declined a bit to K6,355 per viss this week ending 20 October, down from K6,455 of last week ending 13 October, according to the Supervisory Committee on edible oil import and distribution.

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