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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
Russian oilseed production ticks back up
MOSCOW, RUSSIA — 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).
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.
Malaysia's palm oil industry faces RM10b annual loss due to labour crunch — 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.
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.
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 world’s biggest vegetable oil buyer tries to bring down edible oil prices.
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.
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.
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.
New Indonesian crude palm oil export levy structure set to be effective early July: letter
The projected reduction in Indonesia’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.
