Berita Arkib

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.

KUALA LUMPUR (May 25): Malaysia is open to working with international parties, including government agencies, academicians, research institutes, industry players, and businesses to ensure the agri-commodity industry continues to develop progressively and sustainably, Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin said.

JAKARTA: Indonesia is due to resume exports of palm oil on Monday after a ban of more than three weeks, but industry traders and companies were awaiting details on accompanying rules to secure domestic supplies of the edible oil to control cooking oil prices.

Indonesia allowed a resumption of palm oil exports from Monday after a three-week ban, but shipments were not expected to get underway until details emerge on new rules aimed at securing domestic supplies of the edible oil.

KUALA LUMPUR (May 23): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Monday (May 23), on the back of a weaker output expectation.

SINGAPORE: Palm oil may retest a resistance at 6,354 ringgit per tonne, as the bounce from the May 20 low of 5,925 ringgit looks incomplete.

TEMPO.CO, Jakarta - The government has officially lifted the crude palm oil (CPO) export ban today on Monday, May 23, which was announced by President Joko Widodo in a virtual press conference on May 19 last week.

DAVOS, Switzerland: Indonesia has no plans to reduce the percentage of palm oil in biodiesel below its current level of 30 per cent in order to ensure the country's energy supply, its minister for economic affairs, Airlangga Hartarto, told Reuters on Monday (May 23).

KUALA LUMPUR: The Ministry of Plantation Industries and Commodities (MPIC) said that Indonesia’s move to lift the ban on palm oil exports, effective today (May 23), will see a knee-jerk correction in palm oil price but not towards a big downward adjustment as the market is well aware that the ban was temporary.