Berita Arkib

Malaysia has maintained its March export tax for crude palm oil at 8% and raised its reference price, a document on the Malaysian Palm Oil Board website showed on Wednesday.

KUALA LUMPUR (Feb 16): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Wednesday on improving production for the first half of February.

KUALA LUMPUR: Sime Darby Plantation Bhd's (SDP) commitment to making sweeping changes to its labour practises is a clear signal that the Malaysian palm oil sector is serious about its global responsibilities.

The CME Group’s soybean market rocketed higher and finished on its daily highs. At the close, the March corn futures settled 9¢ higher at $6.47. May futures ended 8¾¢ higher at $6.45. December futures finished 4¢ higher at $5.93.

Makassar, S Sulawesi (ANTARA) - Trade Minister Muhammad Lutfi ensured stable availability of premium and simple packaged cooking oil in the next week, or at the latest, by the end of February 2022.

February 17, 2022: Malaysian palm oil futures firmed on Thursday, lifted by an overnight rally in rival soyoil, although gains were held back by weaker crude prices and a survey signalling an improvement in the country's palm oil production.

KUALA LUMPUR (Feb 15): The Council of Palm Oil Producing Countries (CPOPC) has developed a Global Framework of Principles of Sustainable Palm Oil (GFP-SPO) that aims to be a common language across different certification schemes applied to palm oil production anchored in the United Nations Sustainable Development Goals (UN SDGs) as its base.

(Repeats Tuesday's story with no changes to the text) MUMBAI, Feb 15 (Reuters) - India has raised the base import prices of palm oil, soyoil, gold and silver, the government said in a statement late on Tuesday, as prices jumped in the overseas market. The government revises base import prices of edible oils, gold, and silver every fortnight, and the prices are used to calculate the amount of tax an importer needs to pay. India, the world's biggest edible oils importer, earlier this month cut its import tax on palm oil.

according to Hong Leong Investment Bank Bhd (HLIB). This will be supported by weaker production outlook for corn and soybean in South America and Indonesian government's recent move to expand its export permit requirement for all palm oil products.

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.