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MARKET DEVELOPMENT
05-07-2022

Subsidised cooking oil sufficient so far, says Jeck Seng

BENTONG: The subsidised cooking oil quota of 55,000 metric tonnes per month or 660,000 metric tonnes a year has been sufficient so far, says Deputy Plantation Industries and Commodities Minister Datuk Seri Dr Wee Jeck Seng (pic).

MARKET DEVELOPMENT
05-07-2022

Audit on edible oil producers

PETALING JAYA: Comprehensive audits of cooking oil manufacturers and repackaging premises will be carried out nationwide in a move to tackle the exploitation of subsidies and irregularities in supply, says Datuk Seri Ismail Sabri Yaakob.

MARKET DEVELOPMENT
04-07-2022

Malaysian palm oil exporters may face stiff competition in coming months, says PublicInvest

KUALA LUMPUR (July 4): PublicInvest Research has maintained its â€œneutralâ€ rating on the plantation sector and said Malaysian palm oil exporters may be facing stiffer competition in the coming months as Indonesia has proposed to raise palm oil export quotas last Friday due to excessive palm oil inventories in the worldâ€™s largest producing country.

MARKET DEVELOPMENT
04-07-2022

Let's play our part in promoting palm oil's many health benefits

LETTERS: With all the discrimination against palm oil and its products, I want to share the health benefits it has.

MARKET DEVELOPMENT
04-07-2022

Indonesia looks to raise palm oil export quota

JAKARTA (July 2): Indonesia proposed raising palm oil export quotas on Friday and is considering increasing mandatory levels of biodiesel in fuel mixes to prop prices for farmers at a time when domestic palm oil inventories are high, a senior minister said on Saturday.

MARKET DEVELOPMENT
04-07-2022

Sabah to plug loopholes in tax collection from palm oil mills

KOTA KINABALU: Sabah moved to tighten loopholes in the collection of state sales tax (SST) after graft investigators found that palm oil mills were evading millions of ringgit in taxes.

MARKET DEVELOPMENT
04-07-2022

Palm oil falls 4% on recession fears, higher supply outlook

Malaysian palm oil futures fell 4% on Friday as recession fears sank edible oils, with a higher supply outlook further denting sentiment.

MARKET DEVELOPMENT
04-07-2022

CPO futures forecast to trade with downside bias next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trend lower next week on profit-taking activities.

MARKET DEVELOPMENT
04-07-2022

Higher biodiesel mandate in Indonesia medium-term positive for Indonesian biodiesel producers: CGS-CIMB

The planned higher biodiesel mandate in Indonesia will be medium-term positive for Indonesian biodiesel producers such as Wilmar International, Golden Agri-Resources and First Resources, said CGS-CIMB Research analysts Ivy Ng Lee Fang and Nagulan Ravi.

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