News
India, one of the biggest importer of M’sian palm oil, imported less in Feb
NEW DELHI: India’s palm oil imports dropped almost 10 percent in February from an all-time high in the previous month, a trade body said on Thursday, hurt by a duty hike to curb cheap imports from Southeast Asia and record stock levels. India is the world’s biggest importer of vegetable ...
Malaysia Keeps Palm Oil Export Tax Unchanged as Shipments Drop
Malaysia left the tax on crude palm oil exports unchanged for April as the world’s second-largest producer seeks to boost shipments and cut near record inventories. Futures in Kuala Lumpur rallied. Shipments will be taxed at 4.5 percent next month, the same as this month, as the reference price...
CPO Futures end Two-month Low
KUALA LUMPUR: Crude palm oil futures prices yesterday fell for the third straight session to a two-month low as persistent weakness in soyabean weighed down the market. April 2013 slipped RM34 to RM2,352 a tonne, May 2013 lost RM33 to RM2,364 and June 2013 was RM31 lower at RM2,370. New m...
Palm Oil Shipments Unaffected
BUSINESS AS USUAL: Lahad Datu refiners transporting products to the port without any disruption, says Poram PALM oil exporters from Lahad Datu, Sabah, did not experience any shipment cancellation despite the intrusion by Sulu terrorists. Since the government launched Ops Daulat offensive on Mar...
Palm Oil Drops to Two-Month Low as Brazil’s Soy Supplies Climb
Palm oil declined to the lowest level since January on concern that a bumper soybean crop in Brazil, poised to be the world’s largest grower this year, will boost global oilseed supplies and damp demand. The contract for May delivery dropped as much as 1.5 percent to 2,362 ringgit ($759) a metric to...
Palm Futures Lower on Lack of Strong Interest
KUALA LUMPUR: Crude palm oil futures prices closed lower today on a lack of strong buying interest, dealers said. The dealers also said players were reluctant to take a heavy position due to the declining soya oil prices on the Dalian Exchange. March 2013 slipped RM18 to RM2,382 a tonne, ...
