Berita Arkib

Indonesia will determine palm oil producers’ mandatory domestic sales volume based on their refining capacity and local demand for cooking oil, a trade ministry regulation document showed on Wednesday, as the government plans an industry audit.

KUALA LUMPUR (May 25): FGV Holdings Bhd, which owns about 5% of oil palm plantations in Indonesia, expects to benefit from Jakarta’s recent decision to lift the ban on palm oil exports, group chief executive officer Mohd Nazrul Izam Mansor said.

JAKARTA (May 25): Indonesia will audit all palm oil companies operating in the country and require them to move their headquarters onshore amid efforts to improve governance of the sector, senior Cabinet Minister Luhut Pandjaitan told local media.

India’s palm oil imports could fall 19% to the lowest level in 11-years as soyoil, now cheaper, takes more market share because of Indonesia’s curbs on palm oil exports and New Delhi’s move to allow duty-free imports of soyoil, dealers said.

KUALA LUMPUR (May 25): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Wednesday, retreating from two days of gains, on profit-taking.

India’s decision to allow imports of 40 lakh tonnes (lt) each of crude soyabean oil and crude sunflower oil during the current fiscal and the next dragged global palm oil prices lower on Wednesday.

KUALA LUMPUR: Malaysian palm oil futures fell on Wednesday, ending a three-session rally, pressured by demand worries after top buyer India allowed duty-free imports of competing soy and sunflower oils.

KOTA KINABALU (May 24): Sabah Chief Minister Datuk Seri Hajiji Noor has asked European Union (EU) Ambassador to Malaysia Michalis Rochas to correct misconceptions about the country’s palm oil industry.

PEKAN: Indonesia’s move to lift its palm oil exports ban yesterday will not have much of an impact on Malaysia’s oil palm industry, said Plantation Industries and Commodities Deputy Minister Datuk Willie Mongin.

Indonesian President Joko Widodo has agreed to allow palm oil exports to resume after a three-week ban, though it is unclear how rapidly shipments will resume given accompanying rules aimed at securing domestic supply.

NEW DELHI: India could soon cut an import tax on crude soyoil and crude sunflower oil, trade and government sources said on Tuesday, as the world's biggest vegetable oil importer tries to keep a lid on local prices.

SINGAPORE: Palm oil looks neutral in a range of 6,099-6,354 ringgit per tonne, and an escape could suggest a direction.