News
Plight of the Malaysian oil palm sector
KUALA LUMPUR (March 8): The following is a joint statement by 12 associations representing the interests of the Malaysian palm oil supply chain, reproduced in full. Read also: Plantation associations appeal to govt on foreign worker, taxation, market access issues The following ...
Malaysia’s palm oil stocks likely up 7.6% m-o-m at end-Feb to 1.43 mil tonnes, says CGS-CIMB
KUALA LUMPUR (March 3): Malaysia’s palm oil stocks likely grew 7.6% month-on-month (m-o-m) to 1.43 million tonnes at end-February due to a slower decline in production compared to exports, according to CGS-CIMB. While revealing its survey findings, CGS-CIMB Futures said it projected a flat m-o-m cru...
Swiss May Back Indonesia Trade Deal Despite Palm Oil Concerns
by BLOOMBERG Swiss voters look set to vote in favor of a trade deal with Indonesia, but could reject a ban on people covering their face in public, a poll for broadcaster SRG showed. Support for the trade accord was at 52%, according to the poll by gfs.bern before a March 7 ballot. Voters are [&hell...
Palm oil industry not in the loop on additional cess
PALM oil industry players were taken aback by the government’s decision to impose additional cess of RM2 per tonne of palm products for both crude palm oil and crude palm kernel oil based on the Federal Government gazette dated Feb 15, 2021. In a joint statement, nine palm oil associations said...
Palm oil associations shocked by sudden cess hike
KUALA LUMPUR (Feb 22): Plantation associations say today they are surprised by the government’s decision to raise the cess levied on crude palm oil (CPO) and crude palm kernel oil (CPKO). A joint statement signed by nine industry associations said there was no engagement with the industry over...
Govt increases cess on palm oil by RM2 to RM16 a tonne
KUALA LUMPUR (Feb 18): The government has increased the cess it collects on palm products comprising crude palm oil (CPO) and palm kernel oil (PKO) produced in Malaysia to RM16 per tonne from RM14. The Federal Government Gazette published by the Attorney General’s Chambers sighted by theedgemarkets....
