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CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Malaysia raises palm oil export duty for April
Middle East conflict boosts demand for alternative fuels
Palm falls on weak rival oils, crude oil prices, April demand concerns
GFP-SPO to be common language across palm oil certification schemes — CPOPC
KUALA LUMPUR (Feb 15): The Council of Palm Oil Producing Countries (CPOPC) has developed a Global Framework of Principles of Sustainable Palm Oil (GFP-SPO) that aims to be a common language across different certification schemes applied to palm oil production anchored in the United Nations Sustainable Development Goals (UN SDGs) as its base.
RPT-India raises base import prices of palm oil, soyoil and gold
(Repeats Tuesday's story with no changes to the text) MUMBAI, Feb 15 (Reuters) - India has raised the base import prices of palm oil, soyoil, gold and silver, the government said in a statement late on Tuesday, as prices jumped in the overseas market. The government revises base import prices of edible oils, gold, and silver every fortnight, and the prices are used to calculate the amount of tax an importer needs to pay. India, the world's biggest edible oils importer, earlier this month cut its import tax on palm oil.
CPO price to stay high till June, says HLIB
according to Hong Leong Investment Bank Bhd (HLIB). This will be supported by weaker production outlook for corn and soybean in South America and Indonesian government's recent move to expand its export permit requirement for all palm oil products.
Good times end for Nepali palm oil exporters
Nepal's palm oil exports to India may take a hit as the southern neighbour has slashed customs duty on crude palm oil from 7.5 to 5 percent to lower edible oil prices ahead of its state elections, Nepali traders say.
Malaysian palm oil all set for the big push into the UAE market
The Malaysian Palm Oil Council (MPOC), has launched its ‘Malaysian Palm Oil Full of Goodness’ consumer campaign at the LuLu Hypermarket located at the Dubai Silicon Oasis in its effort to drive the growth of the commodity in the UAE.
Palm oil may hover below 5,676 ringgit
SINGAPORE: Palm oil faces a resistance at 5,676 ringgit per tonne. It may hover below this level or retrace towards the range of 5,484 ringgit to 5,558 ringgit.
IOI pauses share buyback as CPO rally lifts stocks
KUALA LUMPUR (Feb 15): IOI Corp Bhd has paused its months-long share-buyback activities amid the gradual rise in share prices on the back of the boom in crude palm oil (CPO) prices.
India’s Jan palm oil imports drop as refiners switch to soft oils
India’s palm oil imports in January plunged 29% from a year earlier, as a rally in tropical oil prices to a record high prompted refiners to increase buying of rival soyoil and sunflower oil, a leading trade body said on Monday.
Use palm oil as a primary ingredient in soap formulations, MPOB encourages entrepreneurs
KUALA LUMPUR: Malaysian Palm Oil Board (MPOB) encourages entrepreneurs to use palm oil as a primary ingredient in soap formulations.
