CPO price to stay high till June, says HLIB
https://mpoc.org.my/cpo-price-to-stay-high-till-june-says-hlib/
KUALA LUMPUR: Crude palm oil (CPO) price will likely remain at elevated levels until the first half (1H) of this year, according to Hong Leong Investment Bank Bhd (HLIB). This will be supported by weaker production outlook for corn and soybean in South America and Indonesian government’s recent move to expand its export permit requirement […]
By: via Malaysian Palm Oil Council Russia
среда, 16 февраля 2022 г.
Malaysian Palm Oil Council Russia's Post
CPO futures close mostly lower on profit-taking
https://mpoc.org.my/cpo-futures-close-mostly-lower-on-profit-taking/
PETALING JAYA: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed mostly lower on profit-taking after hitting an all-time high yesterday. Singapore-based Palm Oil Analytics owner and co-founder Sathia Varqa said the CPO futures succumbed to profit-taking amid news that Russia had withdrawn its troops thus reducing the geopolitical tension. “Palm oil […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/cpo-futures-close-mostly-lower-on-profit-taking/
PETALING JAYA: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed mostly lower on profit-taking after hitting an all-time high yesterday. Singapore-based Palm Oil Analytics owner and co-founder Sathia Varqa said the CPO futures succumbed to profit-taking amid news that Russia had withdrawn its troops thus reducing the geopolitical tension. “Palm oil […]
By: via Malaysian Palm Oil Council Russia
вторник, 15 февраля 2022 г.
Malaysian Palm Oil Council Russia's Post
По результатам 2021 года Россия обновила рекорд по импорту пальмового масла - 1,097,898 тонн - данные ФТС
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
South America: Palm Oil Market Prospect beyond the Global Turbulences
https://mpoc.org.my/south-america-palm-oil-market-prospect-beyond-the-global-turbulences/
South America’s economy is losing momentum in the aftermath of the pandemic, even as businesses reopen and majority of the population is vaccinated. Lockdowns imposed at the start of the pandemic to curb the spread of the virus has resulted in lower consumption of goods and services, as household income and employment fell. High inflation, […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/south-america-palm-oil-market-prospect-beyond-the-global-turbulences/
South America’s economy is losing momentum in the aftermath of the pandemic, even as businesses reopen and majority of the population is vaccinated. Lockdowns imposed at the start of the pandemic to curb the spread of the virus has resulted in lower consumption of goods and services, as household income and employment fell. High inflation, […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GFP-SPO to be common language across palm oil certification schemes — CPOPC
https://mpoc.org.my/gfp-spo-to-be-common-language-across-palm-oil-certification-schemes-cpopc/
KUALA LUMPUR (Feb 15): The Council of Palm Oil Producing Countries (CPOPC) has developed a Global Framework of Principles of Sustainable Palm Oil (GFP-SPO) that aims to be a common language across different certification schemes applied to palm oil production anchored in the United Nations Sustainable Development Goals (UN SDGs) as its base. The council said the framework […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/gfp-spo-to-be-common-language-across-palm-oil-certification-schemes-cpopc/
KUALA LUMPUR (Feb 15): The Council of Palm Oil Producing Countries (CPOPC) has developed a Global Framework of Principles of Sustainable Palm Oil (GFP-SPO) that aims to be a common language across different certification schemes applied to palm oil production anchored in the United Nations Sustainable Development Goals (UN SDGs) as its base. The council said the framework […]
By: via Malaysian Palm Oil Council Russia
понедельник, 14 февраля 2022 г.
Malaysian Palm Oil Council Russia's Post
Monthly Palm Oil Trade Statistics : January 2022
https://mpoc.org.my/monthly-palm-oil-trade-statistics-2022/
Exports of All Palm Products Malaysia’s Exports & Imports Exports to Major Countries Production & Stocks Monthly Average Prices Malaysian Palm Oil Exports By Destination Exports of All Palm Products PRODUCT UNIT JAN 2022 JAN 2021 CHANGE (MT/RM Mil) CHANGE (%) CPO Tonnes 200,274 192,935 7,339 3.80 RM Mil 1,036.92 719.8 317 44.06 PPO Tonnes […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/monthly-palm-oil-trade-statistics-2022/
Exports of All Palm Products Malaysia’s Exports & Imports Exports to Major Countries Production & Stocks Monthly Average Prices Malaysian Palm Oil Exports By Destination Exports of All Palm Products PRODUCT UNIT JAN 2022 JAN 2021 CHANGE (MT/RM Mil) CHANGE (%) CPO Tonnes 200,274 192,935 7,339 3.80 RM Mil 1,036.92 719.8 317 44.06 PPO Tonnes […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
*Malaysia 1-15 Feb vs. 1-15 Jan 2022 palm oil export (in mt)*
ITS: 506,183 vs. 426,111 (+80,072 or up 18.79%)
By: via Malaysian Palm Oil Council Russia
ITS: 506,183 vs. 426,111 (+80,072 or up 18.79%)
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
CPO futures hit fresh all-time high of RM5,667
https://mpoc.org.my/cpo-futures-hit-fresh-all-time-high-of-rm5667/
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed at an all-time high of RM5,667 a tonne for the April contract. Singapore-based Palm Oil Analytics owner and co-founder Sathia Varqa said the price surged following news of the CPO import duty cut by India to 5 percent from 7.5 percent. […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/cpo-futures-hit-fresh-all-time-high-of-rm5667/
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed at an all-time high of RM5,667 a tonne for the April contract. Singapore-based Palm Oil Analytics owner and co-founder Sathia Varqa said the price surged following news of the CPO import duty cut by India to 5 percent from 7.5 percent. […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
India cuts tax on CPO imports to help consumers, refiners
https://mpoc.org.my/india-cuts-tax-on-cpo-imports-to-help-consumers-refiners/
MUMBAI (Feb 14): India has cut its tax on crude palm oil (CPO) imports to 5% from 7.5%, the government said in a notification as the world’s biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers. The reduction in the tax, known as the Agriculture Infrastructure and Development […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/india-cuts-tax-on-cpo-imports-to-help-consumers-refiners/
MUMBAI (Feb 14): India has cut its tax on crude palm oil (CPO) imports to 5% from 7.5%, the government said in a notification as the world’s biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers. The reduction in the tax, known as the Agriculture Infrastructure and Development […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Приглашаем всех принять участие в работе круглого стола по биотопливу
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Масложировой союз (Twitter)
ИКАР: посевы масличных могут обновить рекорд. Посевы масличных под урожай 2022 года могут вырасти до 16,7 млн га с 16,48 млн га годом ранее. При этом площади под подсолнечником могут снизиться. https://www.agroinvestor.ru/analytics/news/37531-ikar-posevy-maslichnykh-mogut-obnovit-rekord/
By: via Malaysian Palm Oil Council Russia
ИКАР: посевы масличных могут обновить рекорд. Посевы масличных под урожай 2022 года могут вырасти до 16,7 млн га с 16,48 млн га годом ранее. При этом площади под подсолнечником могут снизиться. https://www.agroinvestor.ru/analytics/news/37531-ikar-posevy-maslichnykh-mogut-obnovit-rekord/
By: via Malaysian Palm Oil Council Russia
воскресенье, 13 февраля 2022 г.
Malaysian Palm Oil Council Russia's Post
India cuts tax on crude palm oil imports to help consumers, refiners - Reuters News
14-Feb-2022 02:21:37 AM
By Rajendra Jadhav
• Agriculture cess on CPO imports slashed to 5% from 7.5%
• Cut widens duty gap between CPO and refined palm oil
• India's CPO imports could rise, refined could go down
MUMBAI, Feb 13 (Reuters) - India has cut its tax on crude palm oil (CPO) imports to 5% from 7.5%, the government said in a notification, as the world's biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers.
The reduction in the tax, known as the Agriculture Infrastructure and Development Cess (AIDC), will widen the gap between the CPO and refined palm oil import duties, effectively making it cheaper for Indian refiners to import CPO, industry officials told Reuters.
The tax cut came into effect on Sunday.
"After the reduction in AIDC, the import tax difference between CPO and refined palm oil would widen to 8.25%," said B.V. Mehta, executive director of Mumbai-based Solvent Extractors' Association of India (SEA).
"This will help Indian refiners, but government needs to increase the difference further to 11% to encourage local refining."
In a separate notification, the government also said it would extend a reduction in a separate, basic customs duty on edible oils until Sept. 30. The tax reduction had been due to expire on March 31.
India imports more than two-thirds of its edible oil needs and has been struggling to contain a rally in local oil prices over the last few months.
The country imports palm oil mainly from top producers Indonesia and Malaysia, while other oils, such as soy and sunflower, come from Argentina, Brazil, Ukraine and Russia.
Refined palm oil imports accounted for nearly half of India's total palm oil imports in the past few months, said Sandeep Bajoria, chief executive of Sunvin Group, a vegetable oil brokerage and consultancy firm.
"The share of refined palm oil could come down to 20% with the revision in the tax structure," Bajoria said.
Indian refiners have been asking New Delhi to change the import duty structure as the overseas buying of refined palm oil was cheaper than CPO due to higher taxes imposed by producing countries on exports of CPO.
Mindful of an electorate that is highly sensitive to food price inflation, India's government in the past few months tried to rein in domestic prices by reducing import taxes, imposing stockpile limits and suspending futures trading in edible oils and oilseeds.
By: via Malaysian Palm Oil Council Russia
14-Feb-2022 02:21:37 AM
By Rajendra Jadhav
• Agriculture cess on CPO imports slashed to 5% from 7.5%
• Cut widens duty gap between CPO and refined palm oil
• India's CPO imports could rise, refined could go down
MUMBAI, Feb 13 (Reuters) - India has cut its tax on crude palm oil (CPO) imports to 5% from 7.5%, the government said in a notification, as the world's biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers.
The reduction in the tax, known as the Agriculture Infrastructure and Development Cess (AIDC), will widen the gap between the CPO and refined palm oil import duties, effectively making it cheaper for Indian refiners to import CPO, industry officials told Reuters.
The tax cut came into effect on Sunday.
"After the reduction in AIDC, the import tax difference between CPO and refined palm oil would widen to 8.25%," said B.V. Mehta, executive director of Mumbai-based Solvent Extractors' Association of India (SEA).
"This will help Indian refiners, but government needs to increase the difference further to 11% to encourage local refining."
In a separate notification, the government also said it would extend a reduction in a separate, basic customs duty on edible oils until Sept. 30. The tax reduction had been due to expire on March 31.
India imports more than two-thirds of its edible oil needs and has been struggling to contain a rally in local oil prices over the last few months.
The country imports palm oil mainly from top producers Indonesia and Malaysia, while other oils, such as soy and sunflower, come from Argentina, Brazil, Ukraine and Russia.
Refined palm oil imports accounted for nearly half of India's total palm oil imports in the past few months, said Sandeep Bajoria, chief executive of Sunvin Group, a vegetable oil brokerage and consultancy firm.
"The share of refined palm oil could come down to 20% with the revision in the tax structure," Bajoria said.
Indian refiners have been asking New Delhi to change the import duty structure as the overseas buying of refined palm oil was cheaper than CPO due to higher taxes imposed by producing countries on exports of CPO.
Mindful of an electorate that is highly sensitive to food price inflation, India's government in the past few months tried to rein in domestic prices by reducing import taxes, imposing stockpile limits and suspending futures trading in edible oils and oilseeds.
By: via Malaysian Palm Oil Council Russia
Подписаться на:
Сообщения (Atom)