Berita Arkib

JAKARTA (Reuters) - Indonesia's palm oil exports fell 9% last year as global demand was disrupted by the coronavirus pandemic, the Indonesian Palm Oil Association (GAPKI) said on Thursday, while forecasting exports would recover in 2021.

JAKARTA: Malaysia’s Prime Minister Tan Sri Muhyiddin Yassin arrived here yesterday for a two-day official visit to Indonesia at the invitation of President Joko Widodo (Jokowi).

SINGAPORE, Feb 4 (Reuters) - Malaysian palm oil futures snapped two sessions of losses to trade 0.3% higher on Thursday, tracking overnight gains in Chicago soyoil, which rose ahead of data that could show a continued tightening of global stocks.

KUALA LUMPUR, Feb 4 (Thomson Reuters Foundation) - I ndonesia's ambitious biodiesel programme will increase the risks of deforestation as more tropical forest could be cleared to grow palm oil, environmentalists have warned, urging policymakers to implement a long-term ban on new plantations.

KUALA LUMPUR (Feb 4): Malaysia’s palm oil stocks likely grew 7.5% month-on-month (m-o-m) to 1.36 million tonnes (at end-January 2021) due to a slower decline in production compared to exports, said CGS-CIMB.

SINGAPORE: Palm oil may fall to 3,322 ringgit per tonne, as it has cleared a support at 3,422 ringgit.

China-based soybean crushers and vegetable oil processors have resold at least 10 cargoes of Brazilian soybeans, as well as palm oil from Southeast Asia in the past two weeks as crush margins in China, fell sharply, according to several trade sources.

JAKARTA (Feb 3): Prime Minister Tan Sri Muhyiddin Yassin will make a two-day official visit to Indonesia, beginning tomorrow, at the invitation of Indonesian President Joko Widodo (Jokowi).

KUALA LUMPUR: Research firms believe that India’s import duty hike on crude palm oil (CPO) will reduce the price competitiveness of the commodity against other edible oils in the country, resulting in higher cooking oil price with higher duties.

Record-high prices for used cooking oil (UCO) in Europe have piled pressure on production margins for Ucome biodiesel in the last couple of months, just as demand for road fuels across the continent falters under the weight of tightened lockdown restrictions.

Malaysian palm oil futures slumped over 2% on Tuesday as a steep drop in January exports stoked demand concerns, while an additional tax imposed by top vegetable oil importer India also weighed on sentiment.

India’s move to raise the effective import duty on crude palm oil (CPO) by 5.5 percentage points to 35.75%, effective 2 Feb 2021, is expected to weight on palm oil demand.