Berita Arkib

The Malaysian Palm Oil Board (MPOB) expects the current high prices of crude palm oil (CPO) trading above RM3,000 per tonne mark will continue until the first quarter of 2021, given the tight supply situation.

UK and European Union (EU) officials reached a post Brexit deal on ‘zero tariff – zero quota’ policy

Soybean oil has shot up to the top of the list of Nepal's largest exports, knocking palm oil from the number-one spot, as traders changed tack to keep exploiting trade preferential loopholes after the Indian government squeezed palm oil imports.

After the Centre reduced the basic import duty on crude palm oil (CPO) from 37.5 per cent to 27.5 per cent last month, the Malaysian government announced that it will start imposing export tax on CPO at 8 per cent with effect from January 2021.

With the pandemic, India’s ambition of achieving aUS$5 trillion economy by 2024 is unattainable, requiring GDP to double with herculean average annual growth rates of 23–24 per cent.

The US was still unimpressed and its focus of negotiations, before the American election, increasingly shifted to selling more farm goods to India.

Traders believe a recent move by China’s Dalian Commodity Exchange to open its palm oil futures contract to international investors should provide a certain degree of competition but it will not impact Bursa Malaysia Derivatives (BMD) in the short term.

FELDA’s takeover offer for FGV became unconditional after the collective FGV shareholding of FELDA and persons acting in concert with it rose past 50%.

Malaysia’s move to resume the crude palm oil export tax at the highest rate of 8% in January 2021 is slightly negative for crude palm oil (CPO) prices as it will curb demand for palm oil from the country, stated PublicInvest Research in a note today.

South Korea imported 745,000 metric tonnes of palm oil, up from 194,000 metric tonnes in 2005

Higher biofuels blending mandates under new European renewables legislation will offer a boon to biodiesel spot prices in 2021 after a year of poor margins caused by lockdown-related falls in road fuel demand.

The Ministry of Industry and Trade (MoIT) on December 23 held a ceremony in Hanoi to launch the Vietnam Free Trade Agreement Portal (FTAP), at fta.moit.gov.vn, to help the domestic business community make the most of the opportunities brought about by trade deals to which Vietnam is party.