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Crude palm oil futures breach RM3,800 mark
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued to rally for a third consecutive day today, with the benchmark March 2021 closing at a fresh high of RM3,877 per tonne. Palm oil trader David Ng said the CPO futures breached above RM3,800 per tonne, the ...
MPOC: Palm oil production to increase to 19.6 million tonnes in 2021
KUALA LUMPUR (Jan 5): Total Malaysian palm oil production is expected to increase slightly by 200,000 tonnes to 19.6 million tonnes in 2021, versus 19.4 million tonnes a year ago, according to the Malaysian Palm Oil Council (MPOC). However, this also means that the projected Malaysian palm oil produ...
Palm oil, palm export value to surpass RM70b
KUALA LUMPUR, Jan 5 — The total export value of Malaysian palm oil and palm products for 2020 is expected to surpass RM70 billion, compared with RM67.5 billion recorded in 2019. This is an admirable achievement by the sector, considering the various challenges it had to face throughout the year, sai...
Malaysian govt, palm oil industry players guarantee sustainable palm oil
KUALA LUMPUR, Jan 5 — The Malaysian government and palm oil industry players will continue to work hand-in-hand to guarantee that palm oil is sustainably produced and recognised as such around the globe, said the Malaysian Palm Oil Council (MPOC) chairman Datuk Osman Sapian. He stressed t...
Malaysia’s move to resume palm oil export tax come January 2021 may curb palm oil prices, demand — PublicInvest Research
KUALA LUMPUR (Dec 23): Malaysia’s move to resume the crude palm oil export tax at the highest rate of 8% in January 2021 is slightly negative for crude palm oil (CPO) prices as it will curb demand for palm oil from the country, stated PublicInvest Research in a note today. PublicInvest Research anal...
Palm oil supply chain needs to evolve amid new market potential — MPOB
KUALA LUMPUR (Dec 16): The increasing world population and demand opens up vast potential for palm oil suppliers to explore new markets, but some areas need to be improved to smoothen the whole supply chain and better facilitate purchases by countries or companies. Local palm oil suppliers need to i...
