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MARKET DEVELOPMENT
30-06-2021

Palm oil falls ahead of Indonesia's export levy reduction, export data

KUALA LUMPUR: Malaysian palm oil futures slipped for a second consecutive session on Tuesday, tracking weaker rival soyoil and as investors adjust positions following Indonesia's decision to start a new lower export levy structure next month.

MARKET DEVELOPMENT
30-06-2021

Palm oil may test resistance at 3,602 ringgit

SINGAPORE: Palm oil may test a resistance at 3,602 ringgit per tonne, a break above could lead to a gain at 3,691 ringgit. Buoyed by the strong gains in the overnight US grain markets, the contract is expected to open high and close high on Tuesday.

MARKET DEVELOPMENT
30-06-2021

Cooking oil subsidy will be beneficial to M'sians, says Minister

PETALING JAYA: Subsidies for cooking oil under the National People's Well-being and Economic Recovery Package (Pemulih) by the government will be beneficial to Malaysians, says Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali (pic).

MARKET DEVELOPMENT
30-06-2021

India reduces import duty on palm oil imports to lower edible oil prices

India has cut its basic import duty on crude palm oil (CPO) to 10% from 15% effective from June 30 for a period of three months, according to a notification from India's Ministry of Finance on June 29.

MARKET DEVELOPMENT
30-06-2021

VEGOILS-Palm oil falls tracking rival soyoil, crude weighs

KUALA LUMPUR, June 29 - Malaysian palm oil futures slipped for a second consecutive session on Tuesday, tracking rival soyoil, pressured by weaker crude prices ahead of June export data.

MARKET DEVELOPMENT
29-06-2021

Indonesia Envisions Global Leader in Processed Palm Oil Products

Jakarta. Indonesia is eyeing to lead the world's downstream palm oil industry by 2045, according to the Coordinating Ministry for Economic Affairs on Monday.

MARKET DEVELOPMENT
29-06-2021

Indonesia to impose new palm oil export levies on July 2 â€“statement

JAKARTA, June 29 (Reuters) - Indonesia to impose new palm oil export levies starting on July 2, the Estate Crop Fund Agency (BPDP) said in a statement on Tuesday.

MARKET DEVELOPMENT
29-06-2021

VEGOILS-Palm oil drops over 2% as U.S ruling raises demand fears for soyoil

KUALA LUMPUR, June 28 - Malaysian palm oil futures fell more than 2% on Monday, marking their sharpest fall in nearly two weeks, as they tracked losses in rival soyoil in the previous session on demand worries following a U.S. Supreme Court ruling.

MARKET DEVELOPMENT
29-06-2021

MPOB to unveil new technologies

KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) will introduce four new technologies and innovations developed by its researchers at the Transfer of Technology Seminar and Exhibition (TOT 2021) webinar on July 1.

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