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MARKET DEVELOPMENT
08-01-2018

Malaysia to suspend export tax on palm oil for three months

Malaysia, the worldâ€™s second-largest palm oil producer, will suspend export taxes on crude palm oil for a three-month period starting on Jan 8 to boost prices and reduce high stockpiles, according to Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong

MARKET DEVELOPMENT
05-01-2018

Malaysian palm oil/Vegoils: Market factors to watch Friday Jan 5

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Jan 5.

MARKET DEVELOPMENT
05-01-2018

Palm oil stockpiles may rise to 2.7 million tonnes

PETALING JAYA: Palm oil stockpiles, which is almost at a two-year high, may rise further to 2.7 million tonnes as at the end of December from 2.56 million tonnes in November last year.

MARKET DEVELOPMENT
05-01-2018

Malaysian palm oil price sees sharpest daily drop in 2-weeks

KUALA LUMPUR: Malaysian palm oil futures fell in trade on Thursday evening on the back of a technical correction, dropping from their highest in a month hit during the previous session.

MARKET DEVELOPMENT
05-01-2018

Soyabean, crude palm oil edge up on scattered demand

New Delhi, Jan 4 () Prices of soyabean and crude palm oil went up by up to Rs 100 per quintal at the wholesale oils and oilseeds market today on mild demand from retailers.

MARKET DEVELOPMENT
05-01-2018

Cover Story: Taxing time for oil palm growers

MUCH has been said about Malaysiaâ€™s heavy reliance on foreign workers and the need to move up the worker-productivity ladder. It is clearly difficult to attract Malaysian workers to the plantation sector, which has led to a labour shortage and significant productivity loss in operations. This, in turn, has contributed to a loss in revenue for growers and the country.

MARKET DEVELOPMENT
05-01-2018

CBIP sees positive earnings in FY18, FY19 from Indonesian palm oil mill contract

KUALA LUMPUR (Jan 4): CB Industrial Product Holdings Bhd (CBIP) expects positive contribution to its earnings for the current financial year ending Dec 31, 2018 (FY18) and FY19, from a RM61.43 million contract it had entered into with Oriental Holdings Bhd to develop a palm oil mill in Indonesia.

MARKET DEVELOPMENT
05-01-2018

Indonesia to extend biodiesel subsidy to mining sector

JAKARTA, Jan 4 (Reuters) - Indonesiaâ€™s government plans to expand biodiesel subsidies to cover consumption of palm oil-blended fuels by the mining sector this year as part of ambitious plans to develop the energy source, an energy ministry official said on Thursday.

MARKET DEVELOPMENT
05-01-2018

2024 Vision for the Global Vegetable Oil Industry

Vegetable oils are derived from plant seeds or their parts and have a wide variety of food and non-food applications. Major types of vegetable oils include sunflower oil, rapeseed oil, soybean oil, palm kernel oil, and palm oil. The use of palm oil in cooking and various applications in the food industry is gaining popularity propelled by a number of factors. In the recent years, palm oil as edible oil has increasingly gained traction in several countries of Southeast Asia and various parts of Africa and South America. World over, there is surging demand for palm oil due to its functional properties, such as a viable substitute for trans-fats, and lower cost of production than other commonly used oils such as soybean oil. This bodes well for the growth of the global vegetables oil market. In many parts of the globe, palm oil is preferred in making margarines. The soaring popularity of palm oil as feedstock in manufacturing biofuels is offering a robust impetus to the demand for the oil.

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