Berita Arkib

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with upward bias next week, tracking the strong sentiment in the Chicago bean oil market as well as the prospect of better performance.

Malaysia, the world second-largest palm oil producer, is facing a labour shortfall of around 32,000 people due to corononavirus restrictions, the country’s commodities minister said on Thursday.

KUALA LUMPUR (July 2): Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives has maintained its upward momentum for the fourth consecutive day today, boosted by the anticipation of higher demand, especially from India.

Kuala Lumpur: Malaysia can now export more refined, bleached and deodorised (RBD) palm olein to India after the Indian government removed its 18-month long restriction on imports of refined palm oil products.

INDIA’S decision to lower its import duty on crude palm oil (CPO) from 15% to 10% is a positive development for crude palm oil exports and upstream plantation companies in Malaysia.

KUALA LUMPUR, June 30 — The Indian government’s decision to reduce its import duty on crude palm oil (CPO) from 15 per cent to 10 per cent is a boon for the Malaysian palm oil industry, giving immediate relief to the smallholders, said the Malaysian Palm Oil Board (MPOB).

The Union government has cut duties on palm oil by 5% and lifted restrictions on the import of refined palm oil to ease edible oil prices, which had more than doubled in April and May in the highest surge in prices in years.

The government on Wednesday removed import restrictions on refined palm oil till December 31 this year, a move which could help increase availability of the commodity in the domestic market and bring down prices.

KUALA LUMPUR: The Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) will continue with the price control policy for essential items in addition to stepping up enforcement.

Chicago Board of Trade soybean oil futures were more volatile in June than any month so far in 2021, contributing to a sharp decline in trading activity in South American FOB basis markets.

MOSCOW, RUSSIA — As Russia focused on domestic food security during the onset of the COVID-19 pandemic, its ag sector faced challenges that impacted oilseed production. The government implemented a grain export quota in the first half of 2020, grain and oilseed export duties set in December 2020. The country also experienced a drought in the first half of 2020. This created a downward oilseed production trend in the 2020-21 marketing year, according to a Global Agricultural Information Network (GAIN) report from the US Department of Agriculture (USDA).

Edible oil importers have reduced prices of the essential cooking ingredient by Tk4 per litre, after hiking it on several occasions, ahead of Eid-ul-Azha.