Berita Arkib

18/09/2023 (The Business Times) - MALAYSIA is reviewing an existing windfall tax on the palm industry and hopes to complete it next year, Minister of Plantation and Commodities Fadillah Yusof said on Monday (Sep 18).

18/09/2023 (Antara News), Pekan Baru - The Agriculture Ministry has launched a program to replant oil palms on 10 thousand hectares (ha) of smallholder farmland in Riau Province.

18/09/2023 (The Edge Malaysia) - From 2019 to 2022, the price of the world’s most consumed edible oil — crude palm oil (CPO) — rose from a low of RM1,831 per tonne (Malaysian Palm Oil Board spot) in March 2019 to a historical high of RM8,076 per tonne in March 2022, owing to weather factors, pandemic-induced labour shortages, the Ukraine-Russia conflict and regulatory changes. Prices eased towards end-2022, ending the year at RM4,048 — still higher than 2019’s average of RM2,128.

18/09/2023 (The Edge Malaysia), Nanning - China’s imports of Malaysian palm oil will double to 500,000 tonnes a year, from the current 250,000 tonnes, following the exchange of a memorandum of understanding (MOU) between Sime Darby Oils International Ltd (Sime Darby Oils) and GuangXi Beibu Gulf International Port Group (GuangXi Beibu Gulf).

17/09/2023 (The Standard Media) - The government has through the ministries of Agriculture and Trade targeted specific value chains in a bid to stimulate production, value addition, and marketing of agricultural products so as to lower the cost of importation that stands at over Sh100 billion per year.

15/09/2023 (The Sun Daily), Putrajaya – The Ministry of Domestic Trade and Cost of Living (KPDN) has inspected the NSK Supermarket in Jalan Peel, Kuala Lumpur, over complaints of it selling the subsidised one kilogramme packets of cooking oil to foreigners.

15/09/2023 (Malay Mail), New Delhi - India imported 327,815 tonnes of palm oil from Malaysia in August — an increase of about 8.5 per cent over the previous month.

15/09/2023 (New Straits Times), Kuala Lumpur - The Malaysian Palm Oil Board (MPOB) will take action in accordance with its legislation if a palm oil mill is found to be the cause of pollution in Sungai Pukin, Rompin, Pahang.

14/09/2023 (The Edge Malaysia), Mumbai - India's edible oil imports in August rose 5.5% to a record 1.85 million metric tonnes as refiners purchased more than one million tonnes of palm oil for the second consecutive month to build stocks for upcoming festivals, a leading trade body said.

14/09/2023 (Nasdaq), Jakarta - Malaysian palm oil futures rose on Thursday, extending gains to a second day, supported by recovery in Dalian vegetable oils and crude oil.

14/09/2023 (The Star Online), Petaling Jaya - UOB Kay Hian (UOBKH) Research is keeping its upbeat outlook on the plantation sector, fuelled by expectations that crude palm oil (CPO) prices will trend higher from the fourth quarter of 2023.

14/09/2023 (Times Of India), New Delhi - India's vegetable oil imports rose 33 per cent year-on- year to 18.66 lakh tonne in August due to lower duties and a revival of demand after a fall in domestic rates, according to industry body SEA. India, the world's leading vegetable oil buyer, imported 14.01 lakh tonne of vegetable oil in August 2022.