Berita Arkib

KUALA LUMPUR (July 1): Malaysia, the world second-largest palm oil producer, is facing a labour shortfall of around 32,000 people due to corononavirus restrictions, Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali said today.

The Indian government will allow refined palm oil and olein imports "with immediate effect", according to a notice from the Indian Ministry of Commerce and Industry, with the concession in place till Dec. 31.

MUMBAI (Reuters) -India on Wednesday allowed imports of refined palm oil for six months, the government said in a notification, as the world’s biggest vegetable oil buyer tries to bring down edible oil prices.

MUMBAI: India on Tuesday cut the base import tax on crude palm oil to 10% from 15% for three months, the government said in a statement, as the world's biggest vegetable oil buyer tries to dampen near record high prices.

KUALA LUMPUR: Harn Len Corp BhdDescription: https://cdn.thestar.com.my/Themes/img/chart.png halved its losses in the first quarter ended March 31 on higher palm oil prices.

Consumers can expect some relief from the high cooking oil prices as the government has cut import duty on crude palm oil by 5.5 percentage points, a move that will reduce its price by Rs 4,657 per tonne, for three months.

The projected reduction in Indonesia’s crude palm oil export levy will be effective within the first two days of July, according to a document from the finance ministry sent to S&P Global Platts by market sources.

KUALA LUMPUR: Malaysian palm oil futures slipped for a second consecutive session on Tuesday, tracking weaker rival soyoil and as investors adjust positions following Indonesia's decision to start a new lower export levy structure next month.

SINGAPORE: Palm oil may test a resistance at 3,602 ringgit per tonne, a break above could lead to a gain at 3,691 ringgit. Buoyed by the strong gains in the overnight US grain markets, the contract is expected to open high and close high on Tuesday.

PETALING JAYA: Subsidies for cooking oil under the National People's Well-being and Economic Recovery Package (Pemulih) by the government will be beneficial to Malaysians, says Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali (pic).

India has cut its basic import duty on crude palm oil (CPO) to 10% from 15% effective from June 30 for a period of three months, according to a notification from India's Ministry of Finance on June 29.

KUALA LUMPUR, June 29 - Malaysian palm oil futures slipped for a second consecutive session on Tuesday, tracking rival soyoil, pressured by weaker crude prices ahead of June export data.