Berita Arkib

13/09/2023 (Dhaka Tribune) - The Commerce Ministry has asked the National Board of Revenue(NBR) to further rationalize duty rates imposed on sugar and cooking oil imports, said Commerce Minister Tipu Munshi in the parliament on Tuesday.

14/09/2023 (Financial Express) - The government us unlikely to raise the import duties on refined edible oils, despite the sharp drop in domestic prices and low-priced imports, official sources said.

13/09/2023 (New Straits Times), Kuala Lumpur - The local plantation sector is expected to see a stronger demand throughout the remaining months in 2023, according to Public Investment Bank Bhd (PublicInvest)

13/09/2023 (Business Recorder), Jakarta - Malaysian palm oil futures climbed on Wednesday, snapped a seven-session losing streak, with prices underpinned by a recovery in Chicago soyoil.

13/09/2023 (The Star Online), Petaling Jaya - Despite the uptrend in the palm oil stockpile, most analysts continue to maintain their crude palm oil (CPO) price assumption between RM3,800 and RM4,000 per tonne for the 2023-2024 period.

12/09/2023 (Nasdaq), Jakarta - Malaysian palm oil futures closed down on Tuesday, declining for seven sessions straight, following weakness in rival oilseeds.

12/09/2023 (The Edge Malaysia), Kuala Lumpur - Crude palm oil (CPO) prices are expected to climb by at least US$100 within the next four to six months, according to ISTA Mielke GmbH (Oil World) executive director Thomas Mielke.

12/09/2023 (The Borneo Post), Kota Kinabalu - Sabah Palm Oil Planters Association’s Executive Advisor, Datuk Yap Wun Fook, has urged the Sabah government to review the 7.5 per cent palm oil sales tax to ensure that the tax system aligns with fairness principles.

12/09/2023 (The Star Online), Petaling Jaya - There is an urgent need to ensure the sustainability of the palm oil industry in Malaysia and maintaining a strong level of output for competitive reasons.

11/09/2023 (The Star Online), Kuala Lumpur - Malaysia's palm oil stocks at the end of August rose to their highest since January, higher than market expectations, data from the Malaysian Palm Oil Board (MPOB) showed on Monday.

11/09/2023 (Investors Chronicle) - Crude palm oil (CPO) prices soared in the aftermath of Russia’s invasion of Ukraine as concerns raged about vegetable oil supply. While prices remain elevated against historic levels, a 27 per cent year-on-year slowdown in the average mill-gate price to $755 (£604) per tonne dented Indonesia-focused palm oil producer MP Evans’ (MPE) revenue by over a fifth. A low-cropping period and a doubling of fertiliser costs also hurt, as the gross margin fell by a painful 21 percentage points to 17 per cent and operating profits contracted by 62 per cent.

11/09/2023 (Malay Mail), Kuala Lumpur - Malaysia’s total palm oil stocks surged by 22.54 per cent to 2.12 million tonnes in August 2023 from 1.73 million tonnes in the preceding month, according to the Malaysian Palm Oil Board (MPOB).