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CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
MPOB develops technology to help plantation workers
The Malaysian Palm Oil Board (MPOB) has invented a technology which can assist oil palm plantation workers to load fresh fruit bunches (FFB) in their plantations.
CPO’s duty surges 5-fold on higher prices
CRUDE palm oil’s (CPO) export duty collected for the first five months of this year surged five times or RM111 million to RM564.82 million compared to similar periods last year following the increase in the commodity price.
Palm oil slides nearly 3pc
KUALA LUMPUR: Malaysian palm oil futures slumped nearly 3% on Wednesday, hitting a one-week closing low on fears of lower export demand and anticipation of an increase in production.
Palm oil may fall to 4,261 ringgit
SINGAPORE: Palm oil may fall to 4,261 ringgit per tonne, as suggested by a triple-top.
Palm oil falls over 2% on expectations of weak export demand
KUALA LUMPUR: Malaysian palm oil futures slumped as much as 2.8% on Wednesday, hitting a one-week low, amid anticipation of an increase in production and bleak demand outlook.
Indonesia July trade surplus widens as export, import growth slows
JAKARTA, Aug 18 (Reuters) - Indonesia’s trade surplus widened slightly more than expected in July as growth in exports and imports slowed, data from the statistics bureau showed on Wednesday, as the country imposed mobility restrictions to control a spike in COVID-19 cases.
India allocates $1.5 billion to raise palm oil output
MUMBAI (Reuters) - India has allocated 110 billion rupees ($1.48 billion) to boost domestic palm oil production to 2.8 million tonnes by 2029-30, Agriculture & Farmers Welfare Minister Narendra Singh Tomar said on Wednesday.
Malaysia's Sime Darby Plantation posts Q2 profit, sees firm palm prices
KUALA LUMPUR, Aug 18 (Reuters) - Malaysia’s Sime Darby Plantation reported a second consecutive quarterly net profit on Wednesday, on higher palm oil prices, and said that it expects prices — which have scaled record highs in recent weeks — to remain firm.
Reduce import duty on oil palm seeds: Niranjan to Nirmala
HYDERABAD: Urging Union Minister for Finance and Commerce Nirmala Sitharaman not to levy 30 per cent import duty on oil palm seedlings by including it under ‘palm nuts’ code, Agriculture Minister S Niranjan Reddy suggested that it be kept under the earlier code of ‘fruit seeds for planting and sowing’ as been the case till 2019 when import duty was five per cent. Niranjan Reddy wrote a letter the Union Minister on Tuesday, stating that the farmers could be encouraged to shift to oil palm cultivation, for which the State government has set a target of 20 lakh acre cultivable area in the next three years, if input costs, especially to procure seedlings, were kept low.
