News
China’s Palm Oil Imports Likely to Touch 6m tonnes
KUALA LUMPUR: China’s purchase of palm oil, mainly from Malaysia and Indonesia, is likely to touch six million tonnes in 2013, thanks to increasing appetite for the staple cooking ingredient, says the Malaysian Palm Oil Council (MPOC). “The value add of palm oil will spur more usage...
Report on Palm Oil Tax Policy Flip-flop ‘mischievous’
KUALA LUMPUR: Plantation Industries and Commodities Minister Tan Sri Bernard Dompok yesterday refuted reports implying Malaysia might have flip-flopped in its decision on palm oil tax. “I don’t know who said that, it’s not me,” the minister retorted, when asked if the go...
Mielke Sees Prices Rising to RM3,300
THE reception at the Palm Oil Trade Fair and Seminar (POTS) 2012, here, was lukewarm as the vegetable oil ana-lysts gave moderate views on how palm oil prices will fare in the months ahead. As some 800-odd participants settled in at the grand ballroom of a hotel here, Hamburg-based ISTA Mielke GmbH ...
Nearly 1m Work in Oil Palm Industry
BACKBONE OF DEVELOPMENT: Sector isthe second biggest employer in Malaysia MALAYSIA is one of the largest producers and exporters of palm oil in the world and the oil palm industry has been the backbone of the country’s social and economic development. Since more than 90 per cent of ...
Platform for Palm Oil Players
The palm oil industry has become the target of negative campaigns and pressure by groups with vested interest to ensure the commodity gains a bad reputation. These parties perceive palm oil as a threat because it is the most competitively priced oil that is traded at a discount. As such, the Malaysi...
CPO Futures end Firmer for Third Day
KUALA LUMPUR: Crude palm oil futures ended on a firm note for a third consecutive day yesterday, dealers said. They said Malaysia has approved a plan to slash export taxes from the current level of 23 per cent a tonne and market players are still waiting for the announcement. October 2012 surged RM1...
