Berita Arkib

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.

Jakarta. Indonesia is eyeing to lead the world's downstream palm oil industry by 2045, according to the Coordinating Ministry for Economic Affairs on Monday.

JAKARTA, June 29 (Reuters) - Indonesia to impose new palm oil export levies starting on July 2, the Estate Crop Fund Agency (BPDP) said in a statement on Tuesday.

KUALA LUMPUR, June 28 - Malaysian palm oil futures fell more than 2% on Monday, marking their sharpest fall in nearly two weeks, as they tracked losses in rival soyoil in the previous session on demand worries following a U.S. Supreme Court ruling.

KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) will introduce four new technologies and innovations developed by its researchers at the Transfer of Technology Seminar and Exhibition (TOT 2021) webinar on July 1.

After crude petroleum and coal, edible oils are threatening to strain India’s current account, with imports of these items seen surging 65% on year to $17 billion in the 2020-21 ‘oil year’ (November-October) due to a spike in global prices. The government doesn’t appear to worry much though; it is striking it rich through high import taxes on edible oils by appropriating more than a third of the import value.

FORT COLLINS, Colo., June 27 (Reuters) - The prospect for bigger U.S. crops and uncertainty over demand have made speculators rethink their heavily bullish bets in Chicago corn and soybeans, but investors are still hesitant to bet against either one.