• 25 February, 2021
    Swiss May Back Indonesia Trade Deal Despite Palm Oil Concerns
    by BLOOMBERG Swiss voters look set to vote in favor of a trade deal with Indonesia, but could reject a ban on people covering their face in public, a poll for broadcaster SRG showed. Support for the trade accord was at 52%, according to the poll by gfs.bern before a March 7 ballot. Voters are […]
  • 24 February, 2021
    Palm oil industry not in the loop on additional cess
    PALM oil industry players were taken aback by the government’s decision to impose additional cess of RM2 per tonne of palm products for both crude palm oil and crude palm kernel oil based on the Federal Government gazette dated Feb 15, 2021. In a joint statement, nine palm oil associations said the new RM16 cess payment […]
  • 23 February, 2021
    Palm oil associations shocked by sudden cess hike
    KUALA LUMPUR (Feb 22): Plantation associations say today they are surprised by the government’s decision to raise the cess levied on crude palm oil (CPO) and crude palm kernel oil (CPKO). A joint statement signed by nine industry associations said there was no engagement with the industry over the latest increase in cess, which is […]
  • 22 February, 2021
    Govt increases cess on palm oil by RM2 to RM16 a tonne
    KUALA LUMPUR (Feb 18): The government has increased the cess it collects on palm products comprising crude palm oil (CPO) and palm kernel oil (PKO) produced in Malaysia to RM16 per tonne from RM14. The Federal Government Gazette published by the Attorney General’s Chambers sighted by was authorised by the Minister of Plantation Industry […]
  • 22 February, 2021
    CPO futures to trade in range-bound mode next week
    KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see muted trading next week at between RM3,450 and RM3,750 per tonne, said a dealer. Palm oil trader David Ng said it might be slightly negative bias pending the expectation of sluggish export performance next week. “The announcement on […]
  • 16 February, 2021
    Palm oil gains most in eight months
    KUALA LUMPUR: Palm oil futures posted their biggest advance in more than eight months on expectations for a revival in exports amid tight supplies of the world’s most-consumed cooking oil. Prices surged 4.6% to close at RM3,720 a tonne, after falling on Thursday. Palm, used in everything from chocolate to soap, has advanced in six […]
  • 11 February, 2021
    Strong palm oil exports push CPO futures higher at close
    KUALA LUMPUR (Feb 10): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today on the back of stronger exports, a trader said. According to cargo surveyor Intertek Testing Services’ data for Feb 1-10, exports of Malaysian palm oil products rose 53.94% to 400,375 tonnes from 260,080 tonnes shipped during the […]
  • 10 February, 2021
    Minister: Palm oil industry plays key role to fight Covid-19 pandemic
    KUALA LUMPUR, Feb 10 — Hygiene products produced using palm oil meant the industry was an unsung hero in the fight against Covid-19, said Datuk Mohd Khairuddin Aman Razali. The plantation industries and commodities minister also said the industry was a crucial element in helping the Malaysian economy recover from the pandemic. Khairuddin pointed out […]
  • 10 February, 2021
    Malaysia, Indonesia to formulate best strategic framework to protect oil palm industry
    PUTRAJAYA, Feb 6 (Bernama): Malaysia will discuss with Indonesia to formulate the best strategy to protect the oil palm industry of both countries in the near future, said Minister of Plantation Industries and Commodities Datuk Dr Mohd Khairuddin Aman Razali. He said this was in line with Prime Minister Tan Sri Muhyiddin Yassin’s call for […]