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MARKET DEVELOPMENT
01-07-2021

Russian oilseed production ticks back up

MOSCOW, RUSSIA â€” As Russia focused on domestic food security during the onset of the COVID-19 pandemic, its ag sector faced challenges that impacted oilseed production. The government implemented a grain export quota in the first half of 2020, grain and oilseed export duties set in December 2020. The country also experienced a drought in the first half of 2020. This created a downward oilseed production trend in the 2020-21 marketing year, according to a Global Agricultural Information Network (GAIN) report from the US Department of Agriculture (USDA).

MARKET DEVELOPMENT
01-07-2021

Edible oil prices go down by Tk4 per litre

Edible oil importers have reduced prices of the essential cooking ingredient by Tk4 per litre, after hiking it on several occasions, ahead of Eid-ul-Azha.

MARKET DEVELOPMENT
01-07-2021

Malaysia's palm oil industry faces RM10b annual loss due to labour crunch â€” minister

KUALA LUMPUR (July 1): Malaysia, the world second-largest palm oil producer, is facing a labour shortfall of around 32,000 people due to corononavirus restrictions, Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali said today.

MARKET DEVELOPMENT
01-07-2021

India lifts restrictions on refined palm oil, olein imports: ministry

The Indian government will allow refined palm oil and olein imports "with immediate effect", according to a notice from the Indian Ministry of Commerce and Industry, with the concession in place till Dec. 31.

MARKET DEVELOPMENT
01-07-2021

India allows refined palm oil shipments after cutting import tax

MUMBAI (Reuters) -India on Wednesday allowed imports of refined palm oil for six months, the government said in a notification, as the worldâ€™s biggest vegetable oil buyer tries to bring down edible oil prices.

MARKET DEVELOPMENT
30-06-2021

India cuts crude palm oil import tax, potentially boosting imports

MUMBAI: India on Tuesday cut the base import tax on crude palm oil to 10% from 15% for three months, the government said in a statement, as the world's biggest vegetable oil buyer tries to dampen near record high prices.

MARKET DEVELOPMENT
30-06-2021

Harn Len halves Q1 losses on higher palm oil prices

KUALA LUMPUR: Harn Len Corp BhdDescription: https://cdn.thestar.com.my/Themes/img/chart.png halved its losses in the first quarter ended March 31 on higher palm oil prices.

MARKET DEVELOPMENT
30-06-2021

Duty cut on palm oil to cool prices of cooking oil

Consumers can expect some relief from the high cooking oil prices as the government has cut import duty on crude palm oil by 5.5 percentage points, a move that will reduce its price by Rs 4,657 per tonne, for three months.

MARKET DEVELOPMENT
30-06-2021

New Indonesian crude palm oil export levy structure set to be effective early July: letter

The projected reduction in Indonesiaâ€™s crude palm oil export levy will be effective within the first two days of July, according to a document from the finance ministry sent to S&P Global Platts by market sources.

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PALM NEWS MALAYSIAN PALM OIL BOARD Thursday, 09 Apr 2026

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