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CPO Futures Set To Trade Higher Next Week On Rising Crude Oil Prices
Malaysia’s Palm Oil Stocks Down 3.94 Pct To 2.7 Million Tonnes In February 2026 – MPOB
Palm tracks gains in Dalian and Chicago rival oils, stronger crude
CPO FUTURES RALLY ABOVE RM4,500 PER TONNE, HIGHEST SINCE OCTOBER LAST YEAR
Govt reduces duty on import of crude palm oil to contain spike in prices of edible oil
NEW DELHI: The government on Thursday reduced the basic customs duty (BCD) on crude palm oil to 27.5%, in its bid to increase availability of the edible oil in the domestic market. The current BCD on crude palm oil is 37.5%.
Australia signs world’s largest free trade agreement
Australia has signed up to the landmark Regional Comprehensive Economic Partnership (RCEP) trade agreement. The move was announced on November 15 in a joint statement by the Hon Scott Morrison, Prime Minister, and the Hon Simon Birmingham, Minister for Trade, Tourism and Investment. The agreement took eight years to negotiate.
China-Asean Expo Nov 27-30 to provide greater investment, trade opportunities for businesses
NANNING, Nov 26 (China Daily/ANN): China and the Association of Southeast Asian Nations will explore new opportunities for deeper cooperation and seek fresh impetus for socioeconomic development at the upcoming 17th China-ASEAN Expo in Nanning, capital of South China's Guangxi Zhuang autonomous region, experts said.
UK undermines trust with China, may ruin FTA talks
As the due date of leaving the EU draws near, the UK recently signaled an intention to reset its diplomatic relations, including with China. The UK seems inclined to take a more aggressive path towards China at a cost of obstructing a free trade agreement talks with the world's second largest economy, among others.
UK should open market wider for Malaysian palm oil — MPOA
KUALA LUMPUR (Nov 25): The Malaysian Palm Oil Association (MPOA) wants the United Kingdom (UK) to open its market wider for Malaysian palm oil.
TABLE-Malaysia's Nov. 1-25 palm oil exports fall 18.9% m/m -AmSpec Agri
KUALA LUMPUR, Nov 25 (Reuters) - Exports of Malaysian palm oil products for Nov. 1-25 fell 18.9% to 1,145,868 tonnes from 1,412,361 tonnes shipped during Oct. 1-25, according to independent inspection company AmSpec Agri Malaysia on Wednesday. Here is the breakdown of the AmSpec Agri Malaysia palm export figures for Nov 1-25 compared with a month ago (in tonnes):
Genting Plantations 3Q net profit rises by three folds on higher palm prices
KUALA LUMPUR (Nov 25): Genting Plantations Bhd saw its net profit for the third quarter ended Sept 30, 2020 (3QFY20) surge by more than three folds to RM61.38 million, from RM17.96 million a year ago, driven by higher revenue and palm oil prices.
CPO futures market ends higher on stronger soybean oil prices
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today, backed by stronger soybean oil prices on the US Chicago Board of Trade coupled with stronger crude oil prices.
IJM Plantations 2Q net loss narrows, quarterly revenue up 22%
KUALA LUMPUR (Nov 25): IJM Plantations Bhd’s net loss narrowed to RM1.04 million in the second financial quarter ended Sept 30, 2020 (2QFY21) from RM2.32 million in the previous corresponding quarter.
