Berita Arkib
17-12-2019
Indonesia's palm replanting reaches 93,702 hectares, behind schedule
Indonesia, the world’s top palm oil producer, has disbursed funds to replant 93,702 hectares (231,543 acres) of palm plantation area as of Dec. 10 and is behind schedule, according to the country’s palm fund agency
17-12-2019
Argentine farmers balk at new grains export taxes, say output will suffer
BUENOS AIRES, Dec 16 (Reuters) - The increase in grains export taxes announced by Argentina over the weekend will weigh on soy, corn and wheat exports as growers cut risks to compensate for lower profits expected to be caused by the new levies, farmers told Reuters on Monday.
17-12-2019
Korean and Indonesian NGOs launch OECD complaint against palm oil company Posco for environmental and social abuses
Washington - December 16, 2019 (Investorideas.com Newswire) A network of NGOs from Korea and Indonesia filed a complaint against Posco International, a Korean multinational, at the Organization of Economic Cooperation and Development (OECD) last week. The complaint alleges that environmental and social abuses linked to Posco and two of its Korean financiers, the Korean National Pension Service (NPS) and the Export-Import Bank of Korea (KEXIM), violate the OECD Guidelines for Multinational Enterprises.
17-12-2019
Import of edible oil drops 50% in two months on 5% safeguard duty
The safeguard duty was imposed on August 26 on RBD palmolein, primarily imported from Malaysia India’s import of refined edible oil has declined by a little over 50 per cent in the past two months, after the Union government imposed a 5 per cent “safeguard duty†in response to pleas from the processing industry.
16-12-2019
Planters to start paying windfall profit tax
Industry players said the WPT seemed applicable given that the crude palm oil (CPO) spot prices would likely exceed RM2,500 per tonne this month, while the CPO futures prices have rallied to trade above the RM2,800-per-tonne level.
16-12-2019
Asean paves path towards better FTAs
Thailand looks poised to improve free trade agreements (FTAs) under the Asean framework next year, aiming to extend tariff cuts to cover more products, particularly sensitive items
16-12-2019
Major commodities ride through obstacles in 2019
The trade spat between the US and China turned out to be a double-edged sword for the commodities in 2019 be it palm oil, rubber, tin or gold as it catalyses the ‘yin and yang’ in the sector.
16-12-2019
Palm oil imports drop to 17-month low in November
India’s palm oil imports fell 3 per cent in November from a year ago to the lowest level in 17-months, a leading trade body said on Friday, as refiners curtailed purchases of refined palm oil from Malaysia fearing a hike in import tax.
16-12-2019
Malaysia to Publish Oil-Palm Concession Maps in Traceability Bid
Malaysia, the world’s second-largest grower of palm oil, plans to publish concession maps and make them accessible to the public, according to the Malaysian Palm Oil Certification Council.
16-12-2019
Malaysia raises export tax for crude palm oil for first time in over a year
Malaysia has raised its export tax for crude palm oil for January, for the first time in one-and-a-half years, the Malaysian Palm Oil Board’s website said on Friday, citing the national customs department.
16-12-2019
Indonesia and India seek new strategy to reach trade target
Indonesia and India are working to find a new strategy to achieve a bilateral trade target of US$50bil within the next five years, Foreign Minister Retno Marsudi on Sunday (Dec 15) said as she sought to strengthen Indonesia’s palm oil exports to India.
16-12-2019
India palm oil importers will return to Malaysia by mid-January, expert predicts
Indian importers will return to the Malaysian market in full strength by mid-January next year because of the anticipated lower production the next quarter, says a palm oil industry expert.