News
Malaysia Jan Palm Exports Surge 21pc: ITS
Exports of Malaysian palm oil products for January 1-25 jumped 21 per cent to 1,213,221 tonnes from 1,002,828 tonnes shipped betwen December 1 and 25, cargo surveyor Intertek Testing Services said on Monday. – Reuters
Planters Ask For Realistic Taxes
Sarawak oil palm firms say it is unfair to burden new players with taxes based on CPO prices PETALING JAYA: Oil palm planters in Sarawak want a more “realistic” tax regime for the palm oil industry. This is especially for new planters with immature hectarage who also have to pay the hefty taxes, lev...
CPO Futures – Bears Take Charge In The Short Term
OBSERVATIONS: Two global economic powers – the US and China – have, through word and deed, turned the screws on global financial and commodity markets, though that effect was not their respective primary objectives. China’s ongoing moves to tighten up on credit, seen as a change in...
Malaysia Leads Green Agenda
Our readiness to reduce carbon emissions by 40% shows our seriousness in combating climate change. MUCH has been said about the recently concluded UN Climate Change Conference. The two week-long “carnival” in Copenhagen ended with a bare minimum agreement, falling short of the original goals. P...
CPO Futures to See Range-Bound Trading
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives is expected to be range-bound next week with prices likely to be confined between RM2,400 per tonne and RM2,500 per tonne, dealers said. Investors were still concerned over rising stocks while China reduced palm oil purchases as its stock st...
Oil Palm Industry Plays a Pivotal Role in Sabah’s Development
TAWAU, Jan 23 (Bernama) — The oil palm industry has assumed a pivitol role in Sabah’s economic development, Chief Minister Datuk Seri Musa Aman said on Saturday. He said the industry also served as a catalyst for the development of other economic sectors such as transport, eco-tourism an...
