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MARKET DEVELOPMENT
20-09-2023

Malaysia keeps October crude palm oil export duty at 8%

KUALA LUMPUR: Malaysia has maintained its October export tax for crude palm oil at 8% and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.

WORLD
20-09-2023

Indonesia to Accelerate Smallholders` Palm Oil Replanting Program

TEMPO.CO, Jakarta - Plantation DG at the Ministry of Agriculture Andi Nur Alamsyah stated that the national palm oil productivity only reached 3 to 4 million tonnes per hectare. Thus, the government intends to push for the smallholders' palm oil replanting program (PSR).

WORLD
20-09-2023

Malaysia says China to increase imports of Malaysian palm oil -report

China will increase its imports of Malaysian palm oil by 250,000 metric tons a year, state news agency Bernama reported on Sunday, citing Malaysian Prime Minister Anwar Ibrahim.

MARKET DEVELOPMENT
20-09-2023

Palm closes lower after selloff in rival oils

JAKARTA: Malaysian palm oil futures closed lower on Tuesday, extending losses for a second session, weighed down by a selloff in rival vegetable oils.

MARKET DEVELOPMENT
20-09-2023

Kuala Lumpur Kepong may achieve lower CPO production costs in Q4: HLIB

KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK) is expected to achieve lower crude palm oil (CPO) production costs beginning in the fourth quarter (Q4) of the fiscal year 2023 (FY23) due to increased fresh fruit bunch (FFB) production.

MARKET DEVELOPMENT
19-09-2023

Immediate measures needed to address labour shortage in Sabah's palm oil industry, says Warisan

18/09/2023 (The Star Online), Kota Kinabalu - The Sabah government must take immediate and comprehensive measures to resolve labour shortages faced by the palm oil industry, says Parti Warisan deputy president Datuk Darell Leiking.

MARKET DEVELOPMENT
19-09-2023

Malaysia to double palm oil exports to China amid EU import restrictions

18/09/2023 (Benar News) - Malaysia’s deal to double palm oil exports to China annually is a move to offset potential revenue losses from the European Union’s ban on commodities that are linked to deforestation, analysts said on Monday.

MARKET DEVELOPMENT
19-09-2023

Marcop to enhance labour efficiency in dealing with palm oil labour shortage said DPM

18/09/2023 (The Malaysian Reserve) - The Malaysia Palm Oil Berhad’s (MPOB) Mechanisation and Automation Research Consortium of Oil Palm (MARCOP) aims to raise the labour-to-land ratio to 1:25 (one person to cover 25 hectares) from 1:9 currently to sort the labour shortage in the industry.

MARKET DEVELOPMENT
19-09-2023

Malaysia reviewing windfall tax on palm oil industry

18/09/2023 (The Business Times) - MALAYSIA is reviewing an existing windfall tax on the palm industry and hopes to complete it next year, Minister of Plantation and Commodities Fadillah Yusof said on Monday (Sep 18).

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