Berita Arkib

PETALING JAYA: The plantation industry is expected to pay an estimated RM12bil in total taxes this year due to the record-high crude palm oil (CPO) prices.

KUALA LUMPUR: Malaysian Palm Oil Board (MPOB) is offering its research and development (R&D) expertise to develop palm oil-based food products, leveraging the latest pilot plants and laboratory facilities in Bangi.

In the first of a two-part write-up on Sarawak’s palm oil in industry, Sarawak Oil Palm Plantation Owners Association (Soppoa) looks at the impact of the industry on rural growth and development

KUALA LUMPUR: Malaysian palm oil futures fell more than 3% on Friday and were set for a weekly drop, weighed down by sharp losses in rival oils and expectations of higher end-October inventories.

Malaysia’s palm oil inventories likely rebounded at the end of October, lifted by a plunge in exports amid shrinking output.

Palm oil production is expected to rebound in Malaysia and Indonesia in 2022 providing some relief to the vegetable oil shortage, says an international analyst.

Malaysia has expressed interest to invest in palm oil-centric industries in Bangladesh to diversify exports.

To curb rising palm oil prices in Arakan State, a total of 40,491 visses of the edible oil were bought under a state regime council plan, according to U Tin Aung Oo, chair of the Arakan State Chamber of Commerce and Industry.

On Thursday, the CME Group’s farm markets follow the soybean complex lower.

KUALA LUMPUR (Nov 3): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher for the second consecutive day on anticipation of tightness in production supply and hopes of China stepping up purchases as its government asked citizens to stock up food, said Mumbai-based Sunvin Group’s commodity research head Anilkumar Bagani.

India's vegetable oil imports are set to rise to 14 million mt in the marketing year 2021-22 (November-October), driven largely by a pickup in sunflower oil imports, Sandeep Bajoria, CEO of Mumbai-based vegetable oil broking firm Sunvin Group said Nov. 3.

KUALA LUMPUR (Nov 3): Malaysia's plantation sector, which is the most highly taxed sector in the country, is likely to be subjected to the recently-announced "Cukai Makmur" (prosperity tax) under Budget 2022, according to Maybank Kim Eng's head of regional equity research Anand Pathmakanthan.