Berita Arkib

Palm oil may retest a support at 3,381 ringgit per tonne, a break below which could cause a fall to 3,300 ringgit.

The government has no plans to impose a windfall profit levy on rubber glove manufacturers that are enjoying supernormal profits from the higher demand and selling price of rubber gloves worldwide nor to other businesses that have profited greatly due to the Covid-19 pandemic, according to the Ministry of Finance (MoF).

Malaysian palm oil futures edged lower on Wednesday, weighed down by weakness in rival oils and the country's move to raise export taxes for the commodity.

Malaysian palm oil futures reversed losses on Tuesday, as prospects of imports by China improved and top producer Indonesia said it would stick with its original biodesel plan

Biofuel mandates and diesel demand recovery are set to fuel higher EU biodiesel consumption in 2021. S&P Global Platts Analytics projects 2020-21 EU biodiesel consumption will increase by 1.86 million mt on the year to 16.68 million mt.

The agreement initially requires members to remove tariffs from 90 per cent of goods, allowing free access to commodities, goods and services across the continent.

The Royal Malaysian Customs Department said the eight per cent export duty rate was set after the CPO market price reached RM3,450 per tonne and above.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today on the back of stronger soybean oil prices during the Asian hours.

Malaysian palm oil futures jumped 1.5% on Tuesday, tracking gains in rival oils on the Dalian Commodity Exchange and Chicago Board of Trade (CBOT).

According to the industry regulator, the palm oil reference price for January next year is 3,475.44 ringgit (about 855.81 U.S. dollars) per ton.

Solidaridad and Palmas del Ixcán, a palm oil producer company in Guatemala, have been supporting 105 smallholder producers in the Ixcán region, so they can pursue the Roundtable for Sustainable Palm Oil (RSPO) certification.

A domestic edible oil company, a delegation of local traders and the Malaysian embassy visited a 50-acre oil palm fruit orchard in Kathore, Thatta to assess quality of the fruit and suitability of soi