Berita Arkib

SINGAPORE: Palm oil may stabilize around a support at 4,588 ringgit per tonne, and test a resistance at 4,742 ringgit thereafter.

Sanctions-hit Russia has reduced its sunflower oil export tax sharply after changing the formula it uses for calculating it to support shipments while its rouble currency hovers near multi-year highs, the agriculture ministry said on Saturday.

BENTONG: The subsidised cooking oil quota of 55,000 metric tonnes per month or 660,000 metric tonnes a year has been sufficient so far, says Deputy Plantation Industries and Commodities Minister Datuk Seri Dr Wee Jeck Seng (pic).

PETALING JAYA: Comprehensive audits of cooking oil manufacturers and repackaging premises will be carried out nationwide in a move to tackle the exploitation of subsidies and irregularities in supply, says Datuk Seri Ismail Sabri Yaakob.

KUALA LUMPUR (July 4): PublicInvest Research has maintained its “neutral” rating on the plantation sector and said Malaysian palm oil exporters may be facing stiffer competition in the coming months as Indonesia has proposed to raise palm oil export quotas last Friday due to excessive palm oil inventories in the world’s largest producing country.

LETTERS: With all the discrimination against palm oil and its products, I want to share the health benefits it has.

JAKARTA (July 2): Indonesia proposed raising palm oil export quotas on Friday and is considering increasing mandatory levels of biodiesel in fuel mixes to prop prices for farmers at a time when domestic palm oil inventories are high, a senior minister said on Saturday.

KOTA KINABALU: Sabah moved to tighten loopholes in the collection of state sales tax (SST) after graft investigators found that palm oil mills were evading millions of ringgit in taxes.

Malaysian palm oil futures fell 4% on Friday as recession fears sank edible oils, with a higher supply outlook further denting sentiment.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trend lower next week on profit-taking activities.

The planned higher biodiesel mandate in Indonesia will be medium-term positive for Indonesian biodiesel producers such as Wilmar International, Golden Agri-Resources and First Resources, said CGS-CIMB Research analysts Ivy Ng Lee Fang and Nagulan Ravi.

30/06/2022 (The Star Online), Petaling Jaya - Palm oil millers that have stopped buying fresh fruit bunches (FFB) risk having their operating licence suspended, says the Plantation Industries and Commodities Ministry.