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OILS & FATS
07-10-2024

Anwar hits up palm oil producers to head off woes on worker shortage, production rates ahead of Budget 2025

06/10/2024 (Bernama), Kuala Lumpur - The MADANI government remains committed to bolstering the country’s palm oil industry, Prime Minister Datuk Seri Anwar Ibrahim said.

MARKET DEVELOPMENT
07-10-2024

Double cover: Taxing issues for palm oil sector + Maybank making good headway towards key targets despite challenges

05/10/2024 (The Edge Malaysia), Kuala Lumpur - Although the palm oil sector has been the backbone of the Malaysian economy for over five decades, in recent years it has been beset by a myriad of problems, from rising production costs to stagnating yields to labour shortages.

MARKET DEVELOPMENT
07-10-2024

Tengku Zafrul: PM Anwar’s Pakistan visit yields RM2.65b in trade deals, boosts palm oil and halal sector investments

04/10/2024 (Bernama), Islamabad - Prime Minister Datuk Seri Anwar Ibrahim’s three-day state visit to Pakistan secured potential trade deals worth RM2.65 billion, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

OILS & FATS
07-10-2024

Canola production in the US is booming

04/10/2024 (Biofuels International) - The US biofuel market is experiencing dynamic growth, making canola cultivation increasingly attractive for farmers in the northern US.

OILS & FATS
07-10-2024

CPO Futures Likely To Trade With Upward Bias Next Week

05/10/2024 (Bernama), Kuala Lumpur – The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with an upward bias amid rising crude oil and soybean oil prices, a dealer said.

OILS & FATS
04-10-2024

Palm oil windfall profit levy likely to raised in Budget 2025 – analyst

03/10/2024 (New Straits Times), Kuala Lumpur - The 2025 Budget may see the inclusion of two key proposals on the plantation sector namely a revision on the windfall profit levy on palm oil and additional allocations for palm oil replanting programme.

OILS & FATS
04-10-2024

CPO futures close mostly lower on profit-taking after rally

03/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed mostly lower on Thursday, driven by profit-taking following a recent price rally.

OILS & FATS
04-10-2024

INDIA TO SPEND US$1.2 BLN OVER SEVEN YEARS TO CUT EDIBLE OIL IMPORTS

04/10/2024 (Bernama), New Delhi - India will spend 101 billion rupees (US$1.2 billion) over the next seven years to reduce its dependence on edible oil imports.

OILS & FATS
04-10-2024

India's September palm oil imports hit six-month low on price rise, dealers say

03/10/2024 (Reuters), Mumbai - India's palm oil imports in September fell by nearly a third compared to the previous month, hitting a six-month low as a surge in tropical oil prices made it more expensive than rival oils, forcing refiners to postpone purchases, five dealers said.

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