Berita Arkib

Indonesia will change its crude palm oil export levy system “soon”, Eddy Abdurrachman, the chief executive the government body in charge of collecting palm oil levies (BPDB), told Reuters on Monday.

China's first energy options open to foreign traders made their Shanghai International Energy Exchange (INE) debut on Monday with the new crude oil contract achieving only muted volumes.

India's vegetable oil traders have been holding back from conducting new business amid wide swings in palm oil markets in the first three weeks of June, following news of a potential changes in taxation and biodiesel mandates, as well as mixed supply and demand data, market sources told S&P Global Platts.

Indonesia and Canada will begin negotiations on a comprehensive economic partnership agreement, both countries said on Monday, as the Southeast Asian nation steps up its economic diplomacy under President Joko Widodo.

Malaysian palm oil futures gained on Monday, lifted by stronger crude prices, as traders waited for June partial export data and production estimates for more direction

China launched the trading of crude oil options on the Shanghai International Energy Exchange on Monday and introduced overseas investors, in order to better manage the risks faced by both domestic and overseas entities, marking another big step in the country's financial opening-up.

Malaysian palm oil futures reversed earlier gains to fall 1% on Thursday, as top buyer India put its import tax cut plans on hold, although a weaker ringgit limited further losses

US corn, soyabean and wheat futures rose sharply on Friday, rebounding from steep declines a day earlier on bargain-buying ahead of the weekend and uncertainty about weather in the Midwest crop belt, analysts said.

SEVERAL policymakers in US debated on raising rates starting in 2022 or 2023. The Dow fell almost 1,200 points throughout the whole week following the news of rates tightening by Federal Reserve. Dow markets dipped 533 points on Friday at closing.

Special Assistant to the Prime Minister (SAPM) for Food Security and Research Jamshed Iqbal Cheema said that following the effective measures taken by the present government, Pakistan was now moving towards stopping the import of agricultural commodities.

The price of crude palm oil in Jambi province for the June 18-24, 2021 period fell by Rp1,281 per kilogram from Rp10,262 per kilogram to Rp8,983 per kilogram, according to the CPO pricing team.

THE Malaysian palm oil industry has had its long-standing struggle with environmental, sustainable and governance (ESG) matters long before the term came about.