News
Malaysia Issues Tax Free Palm Export Quotas
KUALA LUMPUR: Malaysia has issued this year’s tax-free crude palm oil export quotas of 3 million tonnes after weeks of delay, sources said yesterday, ending speculation it will scrap the quota to help its refiners compete with Indonesian rivals. Sources said some palm oil firms like IOI Corp a...
CPO Futures Near Six-Week Low
CRUDE palm oil futures prices closed to a near six-week low yesterday as a stronger ringgit versus the US dollar made it expensive for refiners to buy feedstock, dealers said. February 2012 lost RM45 to RM3,030 a tonne, March 2012 shed RM18 to RM3,060, April 2012 lost RM22 to RM3,056 and May 2012 ea...
Australia to Continue to Oppose Laws Against Palm Oil
KUALA LUMPUR: Australia Trade Minister Dr Craig Emerson say his government will continue to oppose any laws that attempt to discriminate palm oil because such a move can spark trade war with Malaysia and Indonesia, the world’s biggest supplier of this food ingredient. Emerson and his team of n...
Palm Futures Continues Its Downtrend
THE crude palm oil (CPO) futures closed mostly lower yesterday on poor outlook for exports in view of stiff competition from Indonesia, dealers said. Indonesia’s move to slash export taxes for processed oils last year has made refined vegetable oils more attractive and cheaper. Societe General...
Palm Futures Continue its Downtrend
THE crude palm oil (CPO) futures closed mostly lower yesterday on poor outlook for exports in view of stiff competition from Indonesia, dealers said. Indonesia’s move to slash export taxes for processed oils last year has made refined vegetable oils more attractive and cheaper. Societe General...
Oil Prices Below US$111
KUALA LUMPUR: Crude palm oil futures closed lower yesterday on a weaker export outlook as traders shifted their orders to Indonesia, dealers said. Market analyst Societe Generale de Surveillance said local crude palm oil exports slumped to 74,640 tonnes for the January 1-25 period from 301,734 previ...
