Berita Arkib

Federal Land Development Authority (Felda) chairman Tan Sri Shahrir Abdul Samad is optimistic that the suspension of export taxes on crude palm oil will help spur growth in Felda Global Ventures Holdings Bhd

KUALA LUMPUR: CIMB Equities Research expects Felda Global Ventures Holdings (FGV), Hap Seng Plantations, Genting Plantations, Ta Ann and Jaya Tiasa to benefit from the suspension of export taxes on crude palm oil (CPO) for a three-month period from Jan 8 to April 7.

JOHOR BARU, Jan 7 — The government temporarily suspended duties for palm oil exports purely to boost the commodity's price, said the Federal Land Development Authority (Felda).

The sugar industry worldwide has seen its profitability decrease significantly

Malaysia could see rising demand for palm oil from key overseas buyers in the coming weeks following its decision to suspend export taxes on crude palm oil for three months from Monday.

The strengthening of the ringgit against the US dollar to break the psychologically significant 4.0 level to US$3.99 — a 16-year high — is testimony to the strength of the Malaysian economy.

Malaysia, the world’s second-largest palm oil producer, will suspend export taxes on crude palm oil for a three-month period starting on Jan 8 to boost prices and reduce high stockpiles, according to Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Jan 5.

PETALING JAYA: Palm oil stockpiles, which is almost at a two-year high, may rise further to 2.7 million tonnes as at the end of December from 2.56 million tonnes in November last year.

KUALA LUMPUR: Malaysian palm oil futures fell in trade on Thursday evening on the back of a technical correction, dropping from their highest in a month hit during the previous session.

New Delhi, Jan 4 () Prices of soyabean and crude palm oil went up by up to Rs 100 per quintal at the wholesale oils and oilseeds market today on mild demand from retailers.

MUCH has been said about Malaysia’s heavy reliance on foreign workers and the need to move up the worker-productivity ladder. It is clearly difficult to attract Malaysian workers to the plantation sector, which has led to a labour shortage and significant productivity loss in operations. This, in turn, has contributed to a loss in revenue for growers and the country.