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Malaysia targets over RM14bil palm oil export to China this year, says Fadillah
KUCHING: Malaysia aims to increase its export value of palm oil to China above RM14bil this year, says Datuk Seri Fadillah Yusof. The Deputy Prime Minister said a visit to China would be arranged to strengthen the trade between both countries, particularly in palm oil. “China is one of our big...
Malaysia palm oil groups call for government review of windfall profit levy
KUALA LUMPUR: Malaysian palm oil associations on Monday called for the government to review a windfall profit levy on the palm oil industry. In a statement, the groups also urged the government to raise the profit threshold level for the levy, and to revert the 3% tax rate for planters in Sabah and ...
Sustainable palm oil: Nearly 500k smallholders to become compliant with platform that traces transactions
KUALA LUMPUR: Nearly 500,000 smallholders in the country is expected to be connected to a platform that will trace transactions, helping them to comply with the criteria and traceability requirements for sustainability certification. This is thanks to a new traceability platform that will soon be la...
CPO futures to trade with downside bias this week
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are expected to trade with a downside bias this week as traders stay cautious over possible rising stock. Palm oil trader David Ng said the weak demand might also continue to put pressure on sentiment. “As such,...
International Palm Oil Congress and Exhibition 2023 to deliberate on palm oil outlook
KUALA LUMPUR (Oct 24): The International Palm Oil Congress and Exhibition 2023 (Pipoc 2023), hosted by the Malaysian Palm Oil Board (MPOB), is set to uncover in-depth insights on the outlook for the oil palm industry. More than 100 world-renowned speakers will share valuable insights on cu...
Lower CPO output in 2024 likely to lift price sentiment
PETALING JAYA: The high palm oil stockpile in major palm producing countries that will likely peak soon, favourable palm oil–gas oil (Pogo) spread and lagged impact of El Nino on palm production, are expected to support crude palm oil (CPO) price from 2024 onwards. Hong Leong Investment Bank (HLIB) ...
