Berita Arkib

MUMBAI: India has cut import taxes on crude and refined palm oil from Southeast Asian (ASEAN) countries after a request from suppliers, a government notification said.

PETALING JAYA: India has unexpectedly cut import duties on crude palm oil (CPO) from some countries, including Malaysia and Indonesia, to 40% from 44% prior to this.

MELAKA: Malaysians have been urged to consume palm oil in many forms in their daily lives as a patriotic move to help shore up the commodity’s flagging price, says Deputy Primary Industries Minister Shamsul Iskandar Mohd Akin.

The government's decision to reduce the duty difference between CPO (crude palm oil) and palmolien has the potential of sounding the death knell of the palm refining industry, a release issued by the Solvent Extractors' Association of India (SEA) on Tuesday said.

Crude palm oil (CPO) prices, which hit a record low of RM1,773 per tonne last year, are expected to post a rebound in 2019 as unusually dry condition and reduced inventories could help Malaysia’s key commodity.

KUALA LUMPUR, Jan 2 (Reuters) - Malaysian palm oil producer FGV Holdings Berhad has appointed Mohd Hairul Abdul Hamid as its chief financial officer, it said in a bourse filing on Wednesday, following a management shake-up that saw the departure of key executives last year.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Dec 31

The year 2018 saw a sea change in Malaysia’s political and economic landscapes, with a high-profile trade war and tit-for-tat action between the world’s two largest economies serving as a backdrop to what could be an eventful year for international trade pacts

The first tariff cuts stemming from the Trans-Pacific Partnership will flow through to Australian exporters from December 30

The US-China trade war resulted in billions of dollars of losses for both sides in 2018, hitting industries including autos, technology – and above all, agriculture

The year 2018 was miserable for emerging markets (EMs), beset by, among other things, aggressive US interest rate hikes, tariffs and a trade war

The Malaysian palm oil futures (FCPO) closed with its third consecutive gains as US soybean oil strengthened and lifted by global stock markets. However, the stronger ringgit capped further gains.