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CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
Towards Sustainable Palm Oil Production And Trade
Since its inception for commercial purpose in early 1900s, palm oil has been promoted as a major agro-based industry in Southeast Asian economies like Indonesia, Malaysia, and Thailand. As the world market for multiple uses of palm oil expanded, a new-era of plantation growth started in Indonesia and Malaysia from the 1990s.
Malaysia maintains CPO export tax at 8% for July 2021
Malaysia has for the seventh straight month maintained the export tax for crude palm oil (CPO) at 8% for July 2021.
Palm oil price reverses gains as India puts import tax cut plans on hold
SINGAPORE: Malaysian palm oil futures reversed earlier gains to fall 1% on Thursday, as top buyer India put its import tax cut plans on hold, although a weaker ringgit limited further losses.
India cuts base import price of palm oil and soyoil
India slashed the base import prices of palm oil and soybean oil for a fortnight, the government said in a statement late on Wednesday, as prices of the cooking oils fell sharply in the global market.
Malaysia maintains July crude palm oil export tax at 8%
KUALA LUMPUR (June 17): Malaysia maintained its July export tax for crude palm oil at 8%, a circular on the Malaysian Palm Oil Board website showed on Thursday.
CPO futures close lower, tracking weakness in soybean oil
KUALA LUMPUR (June 17): Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued to end lower today amid the overnight weakness in the soybean oil market on the Chicago Board of Trade (CBOT).
Centre cautious of cutting import duties on edible oils
India is the largest importer of vegetable oils, a base ingredient for cooking most common dishes, and meets up to two-thirds of its domestic demand through imports, costing it up to $10 billion annually.
Bottled edible oil becomes dearer as prices jump up another notch
Consumers expressed their frustration at various kitchen markets and grocery shops over the prices
Soybeans wipe out this year’s surge as crop rally cools
(June 17): Soybeans wiped out this year’s gain as rains across the US growing belt and questions over government biofuel policy erode bullish sentiment. Other crop futures from soybean oil to corn also slid.
