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KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to consolidate further next week with bouts of profit-taking even though fundamental uptrend is strong due to lower output and lower stockpile.
PETALING JAYA: Malaysia's crude palm oil (CPO) production may have dropped further in November due to heavier-than-usual rainfall caused by La Nina, worker shortage and seasonality factors.
Planters need to recoup and reinvest in the industry
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.
KUALA LUMPUR: The Malaysian Estate Owners’ Association (MEOA) wants the government to either suspend or abolish the unfair taxes on the oil palm industry.
PETALING JAYA: India’s cut in crude palm oil (CPO) import duty to 27.5% 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.
BANGI: The high crude oil prices (CPO) over the last few months were partly contributed by the confidence of other trading countries on the Perikatan Nasional government, according to Malaysian Palm Oil Board chairman Datuk Ahmad Jazlan Yaakub.
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.