News
CPO Futures Extend Gains
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives extended gains to close higher yesterday on continued buying interests. Phillip Futures Sdn Bhd derivative product specialist David Ng said the CPO futures closed higher yesterday amid expectation production for the mont...
Palm Oil Imports by India Seen Surging to Record as Prices Slump
Palm oil shipments by India, the world’s biggest buyer, will climb to a record this year as tumbling prices and zero-tax on exports from Malaysia make the oil attractive to refiners, said Ruchi Soya Industries Ltd. (RSI) Inbound shipments may increase to 9 million metric tons in ...
CPO Prices Depressed on Continuous Selling
KUALA LUMPUR: Crude palm oil (CPO) futures prices remained lower on continuous selling yesterday, a dealer said. Phillip Futures derivatives specialist, David Ng, said the CPO price plunged to its lowest in five years over mounting concerns over weak exports and high production for the month coupled...
Similar to Malaysia, Indonesia May Cut Export Tax for Crude Palm Oil
Speculation emerged that Indonesia will scrap its export tariff for crude palm oil (CPO) in an attempt to boost sales. Three weeks ago, Malaysia had already scrapped the export tax for CPO for a period of two months to support exports and reverse a decline in CPO prices. Malaysian palm oil...
Biodiesel Terminals for Sabah and Sarawak
KUCHING: Fifteen terminals with in-line blending facilities are under construction in Sarawak and Sabah to facilitate the implementation of the biodiesel (B5) programme. Most of these terminals would be completed by the end of this year, according to Malaysian Palm Oil Board (MPOB) director-general ...
Palm Oil Demand at Risk by Tax War between Indonesia and Malaysia
KUALA LUMPUR, Sept 22 — Palm oil’s share of global vegetable oil consumption looks set to climb in the months ahead as the top two producers engage in a tit-for-tat export tax tussle designed to boost sales. Barely a month after number two producer Malaysia cut export tariffs, top pal...
