By Charles F Moreira, Editor Following up on our article US Palm Oil Ban: Why Are MAFI and MITI Silent? of 15 June 2021, we could not find media statements on the Ministry of Plantation Industries and Commodities’ website about the U.S. Customs and Border Protection’s (CBP) Withhold Release Order on 30 December 2020 to […]
US Palm Oil Ban: Why Are MAFI and MITI Silent?
By Charles F Moreira On 30 December 2020, almost six months ago, the U.S. Customs and Border Protection (CBP), which comes under the United States Department of Homeland Security, issued a press release on it website stating:- Effective December 30, 2020, U.S. Customs and Border Protection (CBP) personnel at all U.S. ports of entry will […]
India resumes purchases of Malaysian palm oil
Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in domestic inventories and discounted prices, trade sources said. Read more at:https://economictimes.indiatimes.com/news/economy/foreign-trade/india-resumes-purchases-of-malaysian-palm-oil-traders/articleshow/75821854.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
CPO PRICES PERK UP AFTER POSSIBLE END OF SAFEGUARD DUTY
By Charles F. Moreira, Editor Crude Palm Oil (CPO) prices listed by the Malaysian Palm Oil Board (MPOB) perked up to RM2,432.00 per tonne on 4 March 2020, after having trended steadily downwards to low of RM2,377.50 the day before. Also, prices per tonne of oil palm fresh fruit bunches (FFB) which had been trending […]
CPO PRICE PLUNGES TO RM2,689.00 PER TONNE
By Charles F. Moreira, Editor Following our article Reinstate Exemption of Palm Oil Export Tax of 29 January 2020, the weighted average price of crude palm oil (locally delivered) according to the Malaysian Palm Oil Board (MPOB) plunged to RM2,689.00 per tonne on 30 January 2020, down from RM2,984.00 per tonne on Friday 24 January […]
Reinstate Exemption of Palm Oil Export Tax
By Charles F. Moreira, Editor We ended our previous article – Minimal impact on Malaysia’s Palm Oil’ …Really? – on an optimistic note that the price of Malaysian crude palm oil (CPO) and fresh fruit bunches (FFB) would soon resume their uptrend after a transient temporary rocky patch. Coupled with that, our optimism was bolstered […]
Will Tun M’s Criticism of India’s Citizenship Bill Impact Msia-India Trade?
By Charles F. Moreira, Editor According to an updated Reuters Africa report published on 8 January 2020 night, India’s Ministry of Commerce and Industry had issued a notification declaring that the import of refined palm oil “is amended from ‘Free’ to ‘Restricted’”. Four industry sources had told Reuters that the Ministry’s notification effectively bans the […]
Malaysia could replace Indonesia as top palm oil supplier to India – trade
Malaysia is set to replace Indonesia as the top palm oil supplier to India in 2019 as New Delhi has been charging lower import tax on refined palm oil shipments from Malaysia, giving Kuala Lumpur an edge over Jakarta, trade officials said. Read more https://www.reuters.com/article/malaysia-palmoil-india-idUSL4N24V4A7 SOURCE: REUTERS
China may buy more Indonesian palm oil
Editor’s Note: Palm oil is still a considerable export commodity for Malaysia and it looks as though China is looking to expand its palm oil imports. It’s certainly an avenue to be pursued by Malaysian palm oil producers. China is open to increasing its import quota of Indonesian palm oil by at least 500,000 tons, […]
AquaEco launches Revolutionary ‘GreenTech’ System for Palm Oil Industry
Aqua Ecotech Sdn Bhd has launched a revolutionary ‘green tech’ system AquaEco-SRORS, the world’s first proven and commercially viable palm oil raw sludge filtration system. AquaEco-SRORS system will transform the palm oil industry by allowing millers to address long-standing palm oil waste sludge challenges that have been a major industry problem and costly affair for decades. […]
