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Malaysia raises palm oil export duty for April
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Middle East conflict boosts demand for alternative fuels
Palm falls on weak rival oils, crude oil prices, April demand concerns
Indonesia’s plans to raise levy on palm oil products bad for CPO producers
INDONESIA’S move to increase its export levy on palm oil products will be negative for crude palm oil (CPO) producers.
AI, drone tech can help palm oil industry
LETTERS: There is growing concern about the import ban on palm oil products into the United States.
Windfall tax on palm oil to exceed RM1bil in 2022, says minister
KUALA LUMPUR: The government is expected to collect more than RM1 billion in windfall profit tax levy in 2022 based on the projected average crude palm oil price of RM4,250 per tonne and the production level of 19 million tonnes.
Palm oil export revenue expected to grow to RM72.25bil: Zuraida
Palm oil export revenue for 2022 is expected to grow by 11.8 per cent to RM72.25 billion from RM64.62 billion recorded in 2021, says Minister of Plantations, Industries and Commodities (MPIC) Datuk Seri Zuraida Kamaruddin.
CPO futures poised for technical correction next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade lower next week on technical correction following continued speculative play, Interband Group of Companies senior palm oil trader Jim Teh said.
Palm logs 16pc weekly fall, sharpest since 1986
KUALA LUMPUR: Malaysian palm oil futures reversed early gains to fall more than 5% on Friday, posting their deepest weekly plunge since 1986, after top producer Indonesia’s abandonment of volume curbs on exports outweighed news of a higher export levy.
Soybeans rise on firm vegoils, Argentina crop concerns; corn steady
U.S. soybean futures extended gains on Friday, tracking an upside in vegetable oils and crude oil prices, and as drought and government policies raised concerns over supplies from top exporter Argentina.
Indonesia makes U-turn to replace palm oil export curbs with levy
JAKARTA (March 17): Indonesia will remove export volume restrictions on palm oil products and raise its export levy instead, its trade minister said on Thursday, in a surprise policy U-turn just a week after it shocked markets by further tightening its curbs.
Indonesia raises palm oil export levy to maximum $375/T
JAKARTA, March 18 (Reuters) - Indonesia has raised its palm oil export levy and the maximum rate has been set at $375 a tonne when the reference price for the edible oil hits $1,500 a tonne, up from $175 previously, a new government regulation showed on Friday.
