Berita Arkib

KUALA LUMPUR: The Crude Palm Oil (CPO) Export Scheme, which entailed the suspension of export tax on the product, has reduced the palm oil stockpile and strengthened the prices, said Plantation Industries and Commodities Deputy Minister, Datuk Datu Nasrun Datu Mansur.

The ongoing trade spat between China and the US could potentially benefit crude palm oil (CPO), analysts say, assuming that China imposes import tariffs on US soybeans, which will make US soybeans less competitive.

Malaysia has a stronger base to challenge any planned measures by the European Union (EU) to ban the country’s palm oil products after the bloc removed anti-dumping duties for biodiesel products from Argentina and Indonesia.

Crude palm oil prices declined by 0.41 per cent to Rs 649.40 per 10 kgs in futures market today as speculators reduced exposure, taking negative cues from the spot market on subdued demand.

The Indonesian Ambassador to Pakistan, Iwan Suyudhie Amri, recently invited one of the key authorities in monitoring palm oil products, the Punjab Food Authority (PFA), and a number of business actors in Lahore, the capital of Punjab Province.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday March 27.

KUALA LUMPUR: Malaysian palm oil futures rebounded from losses earlier in the day to rise on Monday evening, lifted by improving export data and technical buying.

PETALING JAYA: Crude palm oil (CPO) prices are expected to stay under pressure by the re-imposition of the export tax next month and concerns over the brewing US-China trade war, said analysts.

KUALA LUMPUR: IJM Plantation Bhd’s (IJM) indirect subsidiary, PT Indonesia Plantation Synergy (IPS), has entered into a shareholders agreement with PT Perindustrian Sawit Synergi (PT PSS), KL-Kepong Plantation Holdings Sdn Bhd (KLKPH) and an individual shareholder to regulate the relationship and obligations as shareholders of PT PSS.

JAKARTA, March 26 (Reuters) - Indonesia's crude palm oil (CPO) exports in February are forecast to have declined from the previous month, a Reuters survey showed on Monday, as India's import duty hike reduced demand for the vegetable oil.

Malaysian palm oil futures ended slightly higher on Monday supported by improving export demand.

Ferrero has revealed the sources of its palm oil amid an initiative by Greenpeace International to clamp down on deforestation by producers of the commodity before the end of the decade.