News
CPO futures end higher on concerns over weaker output
KUALA LUMPUR (Nov 2): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Tuesday amid lingering concerns over weaker output, a dealer said. Mumbai-based Sunvin Group’s commodity research head Anilkumar Bagani said CPO futures ended higher on Tuesday as par...
Food manufacturers must demand palm oil with lower levels of potential carcinogens 3-MCPDE, glycidyl esters — MPOB
KUALA LUMPUR (Nov 2): The Malaysian Palm Oil Board (MPOB) said on Tuesday (Nov 2) food manufacturers must demand palm oil containing lower levels of potential carcinogens 3-monochloropropane-1,2-diol esters (3-MCPDE) and glycidyl esters (GE) from suppliers, so that their food products can be ac...
Threshold value of windfall profit levy for palm oil raised to RM3,000 in peninsula
KUALA LUMPUR (Oct 29): The government has agreed to raise the threshold value of the windfall profit levy for palm oil in Peninsula Malaysia from RM2,500 to RM3,000, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. For Sabah and Sarawak, the threshold value of the levy will be raise...
Sabah, Sarawak palm oil players cry foul over doubling of windfall profit levy rate
KUALA LUMPUR (Oct 31): Palm oil growers from Sabah and Sarawak are crying foul over what they deemed to be the unjust doubling up of the windfall profit levy rate from 1.5% to 3% to be imposed on those who operate in the two states, as proposed under Budget 2022. In a statement, the planters [&helli...
Correction in sight in 2022 for palm oil prices, says Fitch
KUALA LUMPUR (Oct 29): Fitch Solutions Country Risk and Industry Research expects crude palm oil prices to average RM4,200 per tonne in 2021, compared with its previous forecast of RM3,800 a tonne. In a report on Thursday (Oct 28), Fitch said it had also revised up its 2022 forecast, but continued t...
Health DG: Safe to consume biscuits, acrylamide content below EU benchmark levels
IPOH: The level of acrylamide found in some biscuits and crackers manufactured in Malaysia are below the benchmark level set by the European Union Commission Regulation, says Tan Sri Dr Noor Hisham Abdullah (pic). The Health director-general said the ministry’s Food Safety and Quality Division...
