PALM NEWS MALAYSIAN PALM OIL BOARD Friday, 29 Nov 2024

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Berita Arkib

MARKET DEVELOPMENT  
  03-11-2022

Malaysia’s Ratification of CPTPP to Help Increase Trade

The Malaysian government officially ratified the CPTPP on September 30, 2022. The trade deal was signed in 2018 but required years of careful deliberation and consultation by Parliament for final approval.

MARKET DEVELOPMENT  
  03-11-2022

5kg cooking oil price will drop to RM30.90 from Nov 8

PUTRAJAYA (Nov 2): The price of 5kg containers of cooking oil will drop by 60 sen to RM30.90, effective Nov 8 (Tuesday) till Dec 7 from RM31.50, according to the Domestic Trade and Consumer Affairs Ministry.

OILS & FATS  
  03-11-2022

VEGOILS-Palm extends gains, tracks Chicago soyoil higher

KUALA LUMPUR, Nov 3 (Reuters) - Malaysian palm oil futures extended gains on Thursday for a fourth consecutive session, tracking overnight strength in Chicago soyoil amid optimism over China demand.

WORLD  
  03-11-2022

Indonesia sees higher crude oil price boosting bio-content in fuel

NUSA DUA, Indonesia: The stronger price of crude oil is making a higher mix of bio-content in fuel increasingly more feasible for Indonesia, which currently has a mandatory 30 per cent mix of palm oil in biodiesel, a senior cabinet minister told an industry conference on Thursday (Nov 3).

MARKET DEVELOPMENT  
  02-11-2022

Indonesians still preferred by palm oil sector

02/11/2022 (The Star Online), Melaka - Workers from Indonesia are top on the preferred list by oil palm plantation owners and smallholders, says caretaker Deputy Plantation Industries and Commodities Minister Datuk Seri Dr Wee Jeck Seng.

MARKET DEVELOPMENT  
  02-11-2022

Palm oil hits two-month high as Indonesia raises reference price

01/11/2022 (The Edge Markets) - Palm oil closed at its highest level in more than two months after top grower Indonesia extended an export levy waiver for the crude variety, but raised the reference price.

OILS & FATS  
  02-11-2022

Voluntary standards needed for palm oil supply chains

01/11/2022 (Asia Times) - All eyes are on Indonesia ahead of the Group of Twenty leaders’ summit in November. The gathering will bring together the world’s major economic players, representing two-thirds of the world’s population and three-quarters of international trade. This makes it a critical platform to advance sustainable practices in business and, in particular, greater respect for human rights across all areas of business.

MARKET DEVELOPMENT  
  02-11-2022

India increases palm oil import tariffs by 6-11%

01/11/2022 (CNBC TV 18) - After a long buzz, the government decided to increase palm oil import tariffs by 6-11 percent. The decision comes as a part of the government's effort to help farmers who are reeling from lower oilseed prices.

MARKET DEVELOPMENT  
  02-11-2022

Establishment of TCDA crucial for development of palm oil industry – Proforest

01/11/2022 (Business Ghana) - Ghana has developed a number of initiatives to promote the palm oil industry under the African Palm Oil Initiative (APOI) which has been evolved to Africa Sustainable Commodity Initiative (ASCI)

OILS & FATS  
  02-11-2022

Mechanisation in Malaysia’s oil palm plantation sector addresses dependency on foreign labour, says deputy minister

01/11/2022 (Malay Mail) - The development of mechanisation in the oil palm plantation sector needs to be improved within three to five years as the best alternative in reducing the dependence on foreign labour, which has become increasingly critical recently.

OILS & FATS  
  02-11-2022

Indonesia extends palm oil export levy waiver up to ref price of $800/T

01/11/2022 (Hellenic Shipping News) - Indonesia said on Monday it has extended until the end of this year its policy of waiving a palm oil export levy, unless the palm oil reference price breaks $800 per tonnes, the economic ministry said.

OILS & FATS  
  01-11-2022

Ongoing supply risk, improving demand brightens prospects for CPO prices — IOI CEO

31/10/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) prices are expected to be continuously supported by supply constraints and its price competitiveness against other edible oils in 2023, amid unfavourable geopolitical development in Russia and Indonesia’s palm oil export friendly policies, according to a senior executive in the sector.