• 24 February, 2021
    Palm oil industry not in the loop on additional cess
    PALM oil industry players were taken aback by the government’s decision to impose additional cess of RM2 per tonne of palm products for both crude palm oil and crude palm kernel oil based on the Federal Government gazette dated Feb 15, 2021. In a joint statement, nine palm oil associations said the new RM16 cess payment […]
  • 23 February, 2021
    Palm oil associations shocked by sudden cess hike
    KUALA LUMPUR (Feb 22): Plantation associations say today they are surprised by the government’s decision to raise the cess levied on crude palm oil (CPO) and crude palm kernel oil (CPKO). A joint statement signed by nine industry associations said there was no engagement with the industry over the latest increase in cess, which is […]
  • 22 February, 2021
    Govt increases cess on palm oil by RM2 to RM16 a tonne
    KUALA LUMPUR (Feb 18): The government has increased the cess it collects on palm products comprising crude palm oil (CPO) and palm kernel oil (PKO) produced in Malaysia to RM16 per tonne from RM14. The Federal Government Gazette published by the Attorney General’s Chambers sighted by was authorised by the Minister of Plantation Industry […]
  • 22 February, 2021
    CPO futures to trade in range-bound mode next week
    KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see muted trading next week at between RM3,450 and RM3,750 per tonne, said a dealer. Palm oil trader David Ng said it might be slightly negative bias pending the expectation of sluggish export performance next week. “The announcement on […]
  • 22 February, 2021
    Palm oil in hazelnut spread
    Palm oil is the key ingredient in hazelnut spread because it gives smooth creamy texture.
  • 22 February, 2021
    China’s Growing Bakery Sector – Opportunities For Palm Based Fats
    China’s population stood at 1.4 billion in 2020. With the large population size demand for bakery products is huge. In 2020, China consumed close to USD50 billion worth of bakery products. There is potential for the consumption of bakery products to grow attributed to the country’s rising middle class and the ongoing Westernization of lifestyles […]
  • 18 February, 2021
    Bangladesh Food Industry – Continuous Growth and Growing Potential for Palm Oil Consumption
    Bangladesh has emerged as one of the economic powers in South Asia. According to October 2020 report by International Monetary Fund (IMF), the country has overtaken India in terms of per capita GDP scoring US$ 1,888. Just five years ago, India’s per capita GDP was around 40% higher than Bangladesh. Although the pandemic posed by […]
  • 17 February, 2021
    Infographic – Bangladesh
    Made with Visme Infographic Maker Read the market highlights articles related to the infographic above by clicking the title below Outlook for Palm Oil Demand in the Subcontinent Region – Q4 2020 The countries in the subcontinent region are important export destinations for Malaysian palm oil. During Jan-Nov 2020 period, MPO exports to this region […]
  • 16 February, 2021
    Palm oil gains most in eight months
    KUALA LUMPUR: Palm oil futures posted their biggest advance in more than eight months on expectations for a revival in exports amid tight supplies of the world’s most-consumed cooking oil. Prices surged 4.6% to close at RM3,720 a tonne, after falling on Thursday. Palm, used in everything from chocolate to soap, has advanced in six […]