Berita Arkib

KUALA LUMPUR: The palm oil industry’s sustainable initiatives and management are vital in ensuring palm oil remains one of the main pillars of Malaysia’s domestic economy, as well as a globally accepted food source.

KUALA LUMPUR (Dec 21): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives reversed Monday’s losses to close higher on Tuesday tracking gains in the soybean oil market on the Chicago Board of Trade (CBOT), said palm oil trader David Ng.

The government has slashed import duty on refined palm oil, a move that large edible oil companies say will make their products 3.5-5% cheaper for consumers.

The Union Government on Monday, December 20, reduced the basic customs duty on refined palm oil from 17.5% to 12.5% till March 2022, with effect from Tuesday, December 21 as part of the measures it is taking to bring down the prices of edible oil in the Indian markets.

AFTER a stellar financial performance in the first nine months of its financial year ending Dec 31, 2021 (9MFY2021), thanks to higher crude palm oil (CPO) prices, Sime Darby Plantation Bhd (SDP) is looking to ensure consistent, stable income growth in FY2022 and beyond.

KUALA LUMPUR: The production of crude palm oil is expected to return in earnest next year in both Malaysia and Indonesia, OCBC Treasury Research says.

India, the world's top buyer of vegetable oils, extended its relaxation on refined palm oil and olein imports to Dec. 31, 2022, from its earlier deadline of Dec. 31, 2021, according to a notification by the country's foreign trade regulator.

JAKARTA: Malaysian palm oil futures closed on Monday at their lowest in three months, as crude and rival vegetable oil prices weakened on concerns that surging Omicron cases globally would hurt demand amid projections of soft December exports.

The Securities and Exchange Board of India has directed local stock exchanges to suspend trading of seven agricultural commodities, including crude palm oil and soybean oil, with immediate effect for one year, according to a release on the markets regulator’s website on Dec. 20.

KUALA LUMPUR (Dec 20): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Monday, tracking weaker Chicago Board of Trade (CBOT) soybean oil prices, said palm oil trader David Ng.

Sunflower prices across the Ukrainian market have fallen to a three-month low as falling crude oil prices pressure the vegetable oil complex while the resurgence of a Covid-19 variant brings fears of stricter curbs on movement across Europe.

The government on Monday cut the basic customs duty on refined palm oil to 12.5 per cent from 17.5 per cent as part of efforts to increase domestic supplies and bring down the retail prices of the cooking oil.