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Windfall profit levy review, oil palm replanting among agenda at MPOA’s inaugural conference
Indonesia, Malaysia push biofuel to offset palm oil price downturn
Palm closes lower ahead of August supply-demand data
El Nino may cause CPO prices to hit, even exceed RM4,000 per tonne in 2H2023 — Sime Darby Plantation MD
Warisan: 7.5% palm oil sales tax a burden on smallholders
20/09/2023 (The Star Online), Kota Kinabalu - The sales tax of 7.5% on palm oil should be reduced as it is a burden on smallholders in Sabah, especially at a time when they are unable to maximise profits, says Parti Warisan deputy president Datuk Darell Leiking.
Palm oil closes at one-week low on weaker rival oils
20/09/2023 (Business Recorder), Singapore - Malaysian palm oil futures fell on Wednesday to their lowest closing in one week, weighed by weaker rival edible oils, although losses were capped by better exports.
Uganda is looking to revamp its edible oil business following a massive decline
20/09/2023 (Business Insider Africa) - In an effort to boost its dwindling exports of edible oil, Uganda has started the reconstruction of important routes of entry to oilseed projects in 81 areas.
Status quo for plantation windfall tax seen, but ‘could be tweaked higher’ — MIDF Research
19/09/2023 (The Edge Malaysia), Kuala Lumpur - Planters are expected to enjoy lower production costs and improved crude palm oil prices in 2024, said MIDF Research, on the back of easing fertiliser prices and lower production seen due to El Nino.
Malaysia keeps October crude palm oil export duty at 8%
KUALA LUMPUR: Malaysia has maintained its October export tax for crude palm oil at 8% and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.
Indonesia to Accelerate Smallholders` Palm Oil Replanting Program
TEMPO.CO, Jakarta - Plantation DG at the Ministry of Agriculture Andi Nur Alamsyah stated that the national palm oil productivity only reached 3 to 4 million tonnes per hectare. Thus, the government intends to push for the smallholders' palm oil replanting program (PSR).
Malaysia says China to increase imports of Malaysian palm oil -report
China will increase its imports of Malaysian palm oil by 250,000 metric tons a year, state news agency Bernama reported on Sunday, citing Malaysian Prime Minister Anwar Ibrahim.
Palm closes lower after selloff in rival oils
JAKARTA: Malaysian palm oil futures closed lower on Tuesday, extending losses for a second session, weighed down by a selloff in rival vegetable oils.
Kuala Lumpur Kepong may achieve lower CPO production costs in Q4: HLIB
KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK) is expected to achieve lower crude palm oil (CPO) production costs beginning in the fourth quarter (Q4) of the fiscal year 2023 (FY23) due to increased fresh fruit bunch (FFB) production.
