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AI boom is turning Malaysia’s palm oil estates into data centres
CPO prices to stay elevated on firm demand and tight supply
CPO price dip seen as temporary, stocks to rise in November: CIMB Securities
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
Low water levels in Paraná River drive up soyabean oil and biodiesel prices in Brazil
21/10/2024 (Oils & Fats International) - Declining water levels in the upstream sector of the Paraná River, in Argentina, due to the dry season, have disrupted water transportation and led to increased prices for soyabean oil and biodiesel in Brazil, Palm Oil magazine wrote.
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.
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.
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.
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.
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.
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.
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).
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.
