News
Crude palm oil rises to high of RM3,330
KUALA LUMPUR: Crude palm oil futures for third month delivery climbed to a high of RM3,330 as investors assessed lower import levies in top buyer India and dwindling Malaysian exports of the tropical oil. Prices are moving in a choppy range, and this will continue until there’s more clarity on suppl...
Govt expected to earn palm oil windfall profit levy of RM500m in 2021 — MPOB
BANGI (Nov 30): The government is expected to earn palm oil windfall profit levy of about RM500 million in 2021 if the price of crude palm oil (CPO) recorded is between RM3,000 and RM3,500 per tonne compared to expectations of RM348 million a year for this year. Malaysian Palm Oil Boa...
India’s CPO import duty cut will boost palm oil demand, says Maybank Kim Eng
KUALA LUMPUR, Nov 30 — India’s cut in crude palm oil (CPO) import duty to 27.5 per cent will make CPO more attractive as the commodity is set to regain some of the market shares it lost to sunflower and soybean oils this year, says Maybank Kim Eng. It said most of the benefits will […]
MPOA cautions Kraft Heinz against using ‘No Palm Oil’ claim
KUALA LUMPUR (Nov 28): The Malaysian Palm Oil Association (MPOA) has lodged a formal complaint and demands that Kraft Heinz stop using the “No Palm Oil” claim which goes against the spirit of the Roundtable on Sustainable Palm Oil (RSPO)’s Shared Responsibility pledge. “A failure to reverse this vio...
Hishammuddin expresses gratitude to India, says reduced import duty will benefit oil palm smallholders
PETALING JAYA: The increase in crude palm oil prices, after the Indian government reduced the import duty for Malaysia, would benefit oil palm smallholders, says Datuk Seri Hishammuddin Hussein. The Foreign Minister expressed gratitude to his Indian counterpart Dr Subrahmanyam Jaishankar for their r...
MPOA slams AP report as exaggerated and anti-palm oil propaganda, says planters provide safe working conditions for female workers
KUALA LUMPUR (Nov 20): The Malaysian Palm Oil Association (MPOA) today slammed a recent news report by the Associated Press (AP), which detailed instances of sexual abuse and exploitations of female plantation workers at palm oil estates in both Malaysia and Indonesia, saying it was exaggerated and ...
