MEDIA & RESOURCE CENTER

Govt expected to earn palm oil windfall profit levy of RM500m in 2021 — MPOB

BANGI (Nov 30): The government is expected to earn palm oil windfall profit levy of about RM500 million in 2021 if the price of crude palm oil (CPO) recorded is between RM3,000 and RM3,500 per tonne compared to expectations of RM348 million a year for this year. Malaysian Palm Oil Board (MPOB) chairman Datuk Ahmad Jazlan Yaakub said […]
Author: user mpoc
Posted: 01-Dec-2020

Palm Oil Market Chain in Haiti

Haiti, the third largest country in the Caribbean has a size of 27,750 square kilometers. With an estimated population of 11.4 million, it is the second most populous country behind Cuba (USDA, 2019). Haiti is not a significant producer of food and agricultural product, it depends on imports to fulfill the growing domestic demand. In […]
Author: user mpoc
Posted: 30-Nov-2020

India’s CPO import duty cut will boost palm oil demand, says Maybank Kim Eng

KUALA LUMPUR, Nov 30 — India’s cut in crude palm oil (CPO) import duty to 27.5 per cent will make CPO more attractive as the commodity is set to regain some of the market shares it lost to sunflower and soybean oils this year, says Maybank Kim Eng. It said most of the benefits will […]
Author: user mpoc
Posted: 30-Nov-2020

MPOA cautions Kraft Heinz against using ‘No Palm Oil’ claim

KUALA LUMPUR (Nov 28): The Malaysian Palm Oil Association (MPOA) has lodged a formal complaint and demands that Kraft Heinz stop using the “No Palm Oil” claim which goes against the spirit of the Roundtable on Sustainable Palm Oil (RSPO)’s Shared Responsibility pledge. “A failure to reverse this violation of the RSPO Member’s Code of […]
Author: user mpoc
Posted: 30-Nov-2020

Hishammuddin expresses gratitude to India, says reduced import duty will benefit oil palm smallholders

PETALING JAYA: The increase in crude palm oil prices, after the Indian government reduced the import duty for Malaysia, would benefit oil palm smallholders, says Datuk Seri Hishammuddin Hussein. The Foreign Minister expressed gratitude to his Indian counterpart Dr Subrahmanyam Jaishankar for their recent decision to reduce the import duty for crude palm oil to […]
Author: user mpoc
Posted: 28-Nov-2020
 
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