Berita Arkib

Nepal's palm oil exports to India may take a hit as the southern neighbour has slashed customs duty on crude palm oil from 7.5 to 5 percent to lower edible oil prices ahead of its state elections, Nepali traders say.

The Malaysian Palm Oil Council (MPOC), has launched its ‘Malaysian Palm Oil Full of Goodness’ consumer campaign at the LuLu Hypermarket located at the Dubai Silicon Oasis in its effort to drive the growth of the commodity in the UAE.

SINGAPORE: Palm oil faces a resistance at 5,676 ringgit per tonne. It may hover below this level or retrace towards the range of 5,484 ringgit to 5,558 ringgit.

KUALA LUMPUR (Feb 15): IOI Corp Bhd has paused its months-long share-buyback activities amid the gradual rise in share prices on the back of the boom in crude palm oil (CPO) prices.

India’s palm oil imports in January plunged 29% from a year earlier, as a rally in tropical oil prices to a record high prompted refiners to increase buying of rival soyoil and sunflower oil, a leading trade body said on Monday.

KUALA LUMPUR: Malaysian Palm Oil Board (MPOB) encourages entrepreneurs to use palm oil as a primary ingredient in soap formulations.

JAKARTA (Feb 14): Palm oil finished at an all-time high, tracking stronger soybean oil and petroleum prices, with India's move to cut a tax on imports seen boosting demand for the tropical oil from the world's biggest buyer.

NEW DELHI, Feb 14 — India imported 376,612 tonnes of palm oil from Malaysia in January, representing 68 per cent of its total imports of the commodity.

The government of Indonesia is now keen over curbing the rising domestic palm oil prices. In this regard, the Government has implemented new palm oil export requirements at the end of January 2022. Palm oil prices in the country are up more than 30 percent since early 2021.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed at an all-time high of RM5,667 a tonne for the April contract.

The Centre has reduced the agri-cess for crude palm oil (CPO) from 7.5 percent to 5 percent with effect from February 12, an official statement said on Monday. This is being done with a view to provide further relief to consumers and to keep in check any further rise in prices of domestic edible oils due to rise in prices of edible oils globally,

SINGAPORE: Palm oil remains neutral in a range of 5,524-5,608 ringgit per tonne, and an escape could suggest a direction.