KUALA LUMPUR, Sept 22 — Global palm oil production will recover in 2017, increasing by 4 million tonnes in the first half of next year from the same time in 2016, said leading industry analyst James Fry, after the crop damaging El Nino weather event reduced output this year.
Rising palm oil production could dampen benchmark palm oil prices, which …
PUTRAJAYA (Sept 20): The Malaysian Government is considering the oil palm sector’s tax policy suggestions, which include double deduction for companies, which promote industry sustainability.
Speaking to reporters today, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said the Government was also evaluating suggestions on crude palm oil (CPO) tax.
Mah said industry players had proposed the introduction …
PUTRAJAYA: Malaysia, as a major palm oil producer, will try and persuade France not to hike duties on Malaysian palm oil which currently attracts 21 per cent import tax, said Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong.
“We are engaged in high-level discussions with French parliamentarians.
“Malaysia is concerned as the proposal is to increase the import …
Kuching, Serawak, Malaysia | Wed, August 24 2016.
Malaysia is a “lone ranger” in Southeast Asia as it fights more or less solo against the majority of environmentalists’ views that palm oil trees should not be planted on tropical peatland as it is believed to severely affect the local environment and exacerbate global warming.
Malaysia, the second biggest palm oil …
KUCHING: The tax structure in Malaysia is one of the factors hindering the oil palm industry’s competitiveness, especially when compared to Indonesia.
According to IJM Plantations Bhd (IJM Plantations) chief executive officer and managing director Joseph Tek Choon Yee, Malaysia producers are more competitive against the Indonesian producers when crude palm oil (CPO) prices are below RM2,300 per tonne but …
KUCHING: The state government hopes to put a stop to fresh fruit bunch (FFB) thefts by the end of this year.
Deputy Chief Minister Datuk Amar Douglas Uggah Embas said although the number of such cases had dropped, it remained a problem.
“I have assigned Assistant Minister of Rural Economy (Interior Areas) and Plantation Datuk Francis Harden Hollis to look …
PETALING JAYA: Most research houses are maintaining a “neutral” call on the plantation sector, given the rising stocks and increasing production, but the average crude palm oil (CPO) price forecast for 2016 remains intact at RM2,400-RM2,500 per tonne.
Kenanga Investment Bank Bhd, in its third quarter (Q3) 2016 strategy report yesterday, said as peak production season came in, CPO prices …