News
Palm oil prices to climb 17.9% in 2020 on tight supplies, biodiesel programmes
KUALA LUMPUR (Jan 21): Average palm oil prices will surge 17.9% this year, a Reuters poll of industry participants showed, as reduced output in the first half of the year and higher biodiesel consumption in top producers Indonesia and Malaysia tighten the market. Benchmark palm oil prices ...
Malaysia sets February export tax for crude palm oil at 6%
KUALA LUMPUR (Jan 17): Malaysia has raised its export tax for crude palm oil to 6% for February, the Malaysian Palm Oil Board said on Friday, citing the national customs department. The world’s second-largest producer and exporter of palm oil calculated a reference price of RM2,907.63 per tonn...
NST Leader: Of palm oil and other crude things
INDIA had issued a notification on Jan 8 placing imports of “refined bleached deodorised palm oil” under its “restricted” list. Thanks to media here and elsewhere, alarmists are on the rise. They say India has imposed a “boycott” on Malaysian crude palm oil (CPO), implying that some 3 million tonnes...
Kok: No Indian boycott of Malaysian palm oil
KUALA LUMPUR: Primary Industries Minister Teresa Kok yesterday dismissed reports that India has called for a boycott of Malaysian palm oil. She said it was learned from several discussions that Indian palm oil buyers want Malaysia to increase its export of crude palm oil and reduce the export of ref...
CGS-CIMB Research sees CPO trading RM2,900 to RM3,200
KUALA LUMPUR: CGS-CIMB Equities Research expects crude palm oil (CPO) prices to trade in the range of RM2,900 to RM3,200 per tonne in Jan 2020F and average RM2,300 per tonne for 2020F. In its research note, it said the sharper-than-expected decline in CPO output in December coupled with expectation ...
Malaysian palm oil price surges as India restricts refined palm oil imports
The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange closed at 72 ringgit, or up 2.4%, at 3,113 ringgit ($761.50), on speculation India might import more crudepalm oil to refine itself.KUALA LUMPUR: Malaysian crude palm oil futures rallied on Thursday, recoup...
