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Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Saturday (June 5)
Indonesian authorities have yet to decide on whether to cut their crude palm oil (CPO) export levy, three officials told Reuters on Friday, as the levies remained at their highest for five months in a row, hurting demand.
PETALING JAYA: Potential stockpiling activities from China and India as well as renewed purchasing from Muslim countries ahead of the Aidil Fitri festive season is expected to push the exports of local palm oil higher this month.
PETALING JAYA: With the additional funds allocated to the Plantation Industries and Commodities Ministry, its Minister Datuk Dr Mohd Khairuddin Aman Razali believes that this year's palm oil export of RM75bil will be met.
PETALING JAYA: Malaysia is maintaining the export tax for crude palm oil (CPO) at 8% for April 2021.
KUALA LUMPUR: CGS-CIMB Research expects crude palm oil (CPO) price to trade at between RM3,200 and RM3,700 per tonne in March 2021.