|
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Malaysia raises palm oil export duty for April
Middle East conflict boosts demand for alternative fuels
Palm falls on weak rival oils, crude oil prices, April demand concerns
Palm oil closes at record high on India's move to reduce duty
JAKARTA (Feb 14): Palm oil finished at an all-time high, tracking stronger soybean oil and petroleum prices, with India's move to cut a tax on imports seen boosting demand for the tropical oil from the world's biggest buyer.
India imports 376,612 tonnes of palm oil from Malaysia in January
NEW DELHI, Feb 14 — India imported 376,612 tonnes of palm oil from Malaysia in January, representing 68 per cent of its total imports of the commodity.
Indonesia Keen Over Reducing Palm Oil Exports for Curbing Price Rise
The government of Indonesia is now keen over curbing the rising domestic palm oil prices. In this regard, the Government has implemented new palm oil export requirements at the end of January 2022. Palm oil prices in the country are up more than 30 percent since early 2021.
CPO futures hit fresh all-time high of RM5,667
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed at an all-time high of RM5,667 a tonne for the April contract.
Agri cess for crude palm oil reduced to keep price rise in check
The Centre has reduced the agri-cess for crude palm oil (CPO) from 7.5 percent to 5 percent with effect from February 12, an official statement said on Monday. This is being done with a view to provide further relief to consumers and to keep in check any further rise in prices of domestic edible oils due to rise in prices of edible oils globally,
Palm oil remains neutral in 5,524-5,608 ringgit range
SINGAPORE: Palm oil remains neutral in a range of 5,524-5,608 ringgit per tonne, and an escape could suggest a direction.
India's vegetable oil imports up 16% in January on surge in soft oil demand
India's monthly vegetable oil imports climbed to 1.27 million mt in January, up 16% from a year back due to increased purchases of soybean and sunflower oils, industry body, the Solvent Extractors' Association of India, said Feb. 14.
Effective duty on crude palm oil cut to 5.5% to cool edible oil prices
The government on Saturday brought down the effective duty on crude palm oil import to 5.5 per cent from 8.25 per cent earlier, a move which will help control cooking oil prices and support domestic processing companies.
Impact on supply chain due to US order on palm oil firms worries MPOC
PETALING JAYA: Malaysia has conveyed its concerns to the US Customs and Border Protection (CBP) agency on how the Withhold Release Order (WRO) issued by the body on two oil palm companies may impact others in the supply chain, said Malaysian Palm Oil Council chairman Larry Sng.
