News
Malaysia keeps March crude palm oil export duty at 8%
KUALA LUMPUR: Malaysia has maintained its March export tax for crude palm oil at 8% and lowered the reference price, a circular on the Malaysian Palm Oil Board website showed on Wednesday. The world’s second largest palm exporter calculated a reference price of RM3,710.35 per tonne for March. ...
CPO futures end higher on continuation of bullish trend
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) ended higher today as a bullish recovery from last week continued, said a dealer. Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said worries over Indonesia’s palm oil export restric...
Key factors driving CPO prices up
PETALING JAYA: Crude palm oil (CPO) stocks which rose 3% month-on-month to 2.27 million tonnes at end-January, may get some respite in the near-term due to key factors that will drive up the commodity’s price. However, analysts expect stiff competition from the largest palm oil producer, Indonesia, ...
Proposed palm oil exports ban will imperil smallholders’ income
It is high time for industry leaders to negotiate and discuss with EU to adopt most parts of MSPO in their due diligence exercise THE proposed ban on palm oil exports to the European Union (EU) may bring unexpected dire consequences to the industry, experts said. Singapore-based Palm Oil ...
Malaysian palm oil industry has a long-term plan to address EU regulation
In the Malaysian palm oil sector, there is much concern about the European Union’s (EU’s) new Deforestation Regulation. This concern is justified: the regulation is thinly veiled protectionism, and will raise costs and lower incomes for both our small farmers and our successful companies. This...
Indonesia to review palm oil export quota
JAKARTA: Indonesia will review the ratio of its palm oil export quota amid rising prices of domestic cooking oil, according to the Coordinating Ministry of Maritime and Investment Affairs. Indonesia imposes a so-called “domestic market obligation” (DMO) on palm oil, whereby companies are allowed to ...
