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Bangladesh to Cut Import Duty on Edible Oil to 10 Percent
DHAKA, Feb 15 (Reuters) – Bangladesh will cut its import duty on edible oils in a bid to stabilise domestic prices amid soaring global food costs, a commerce ministry official said on Tuesday. “The government has decided to reduce import duty on edible oil to 10 percent from 15 percent e...
CPO Futures End Slightly Lower
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives Bhd closed slightly lower yesterday due to a technical correction and the downtrend on the Dalian Commodity Exchange, a dealer said. March 2011 declined RM32 to close at RM 3,788 a tonne, April 2011 fell RM9 to RM3,781, May 2011 shed RM24 to...
Palm Futures End Sharply Lower
CRUDE palm oil futures on Bursa Malaysia Derivatives Bhd closed sharply lower yesterday on profit-taking, dealers said. They said market players took the cue from the sharp losses in soyabean prices on the Chicago Board of Trade as well as the decline of other commodities globally on Tuesday. Februa...
CPO Futures End Slightly Easier
CRUDE palm oil futures on Bursa Malaysia Derivatives closed slightly easier yesterday on profit taking, a dealer said. March 2011 shed RM3 to RM3,967, April 2011 was down by RM22 to RM3,933 and May 2011 slipped RM21 to RM3,885 while February 2011 eased RM14 to RM3,968. Turnover fell to 22,646 lots f...
Palm Futures May Hit RM4,000
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives may hit the RM4,000 level on speculation of further declines in supply, dealers said. “Despite the higher prices, we expect prices to move between RM3,800 and RM4,000 levels in the coming week as traders chase tightening supply,”...
India : FTA Will Boost Malaysia Palm Oil Sector
KOTA KINABALU: Next week’s free trade agreement (FTA) signing between Malaysia and India will be a further boost for the country’s palm oil sector and Sabah, in particular, stands to benefit. Noting that the state was already one of Malaysia’s biggest palm oil producers, Indian Hig...
