News
CPO Ends Mixed Following Tax Exemption
KUALA LUMPUR: Crude palm oil (CPO) futures prices on s ended mixed amid positive news that the government exempted CPO export tax for September and October. Phillip Futures derivatives specialist David Ng said this exemption would encourage buying interest especially from India. At the close, Septem...
Govt Exempts Exporters of CPO from Paying Export Duty from Sept 1
KUALA LUMPUR: Exporters of crude palm oil (CPO) have been exempted from paying any export duty efffective from Sept 1, said Plantation Industries and Commodities minister Datuk Amar Douglas Uggah Embas. The export duty exemption on CPO to exporters will be for a period starting September to October ...
Malaysia Scraps Palm Oil Export Tax for Two Months to Help Sales
Malaysia, the world’s largest palm oil producer after Indonesia, scrapped an export tax on the crude variety for two months to boost shipments and reverse a decline in prices to a five-year low. Shipments of crude palm oil in September and October will not attract a levy, the Ministry of Planta...
Crude Palm Oil Rebounds, Lifts Plantations and KLCI
KUALA LUMPUR: The FBM KLCI snapped its losing streak to close higher on Thursday, as a rebound in the crude palm oil (CPO) prices shored up plantation stocks such as KL Kepong and PPB Group. At 5pm, the KLCI was up 4.34 points or 0.23% to1,869.21. Turnover was 2.57 billion shares valued at RM2.11bil...
Malaysia Exempts Crude Palm Oil from Tax to Boost Export Demand
KUALA LUMPUR, Sept 4 — Malaysia said today it will exempt crude palm oil from export taxes in September and October in a move to reduce swelling stockpiles of the tropical oil after a recent price slump and as supply outstrips demand. The exemption from export duties, which had been set at 4.5 per c...
Crude Palm Oil Prices to Pick Up, Says Fitch
KUALA LUMPUR: Fitch Ratings expects expects crude palm oil (CPO) prices to range from US$700 (RM2,225) to US$800 (RM2,545) per tonne in the next 12 to 18 months; a moderate increase from the August 2014 price range of US$650 to US$750 per tonne. The international ratings agency said on Wednesday cru...
