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Topic

Palm Oil Association

Indonesia to change palm oil export levy, cut ceiling rate

Indonesia to change palm oil export levy, cut ceiling rate

Published 21 Jun, 2021 04:43pm
  • Indonesian authorities have been weighing up for months whether to cut the crude palm oil export levy, which has been at its highest level for five months in a row, hurting demand.
  • The tariff for export levy begins when prices are at $750 per tonne, with a $20 increase for every $50 rise in CPO.
Palm falls more than 4pc tracking weak US soyoil

Palm falls more than 4pc tracking weak US soyoil

Published 16 Jun, 2021 05:26pm
  • The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange closed 4.1% lower, to 3,398 ringgit a tonne.
  • Soyoil contract on the CBOT fell 2.4%. Soybean oil prices on the Dalian dropped 1.9%, while its palm contract fell 1.6%.
Palm closes little changed, concerns over coronavirus weigh

Palm closes little changed, concerns over coronavirus weigh

Updated 05 May, 2021 05:34pm
  • The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange last traded down 2 ringgit, or 0.05%, to 4,040 ringgit ($981.77) a tonne.
  • Top importer India on Wednesday reported 382,315 new coronavirus cases, health ministry data showed.
Palm ends lower on higher Indonesian output forecast for 2021

Palm ends lower on higher Indonesian output forecast for 2021

Published 04 May, 2021 04:55pm
  • The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange ended down 19 ringgit, or 0.47%, at 4,042 ringgit ($981.07) a tonne, after rising 5% on Monday.
  • Indonesia's crude palm oil output is estimated at 48.4 million tonnes while crude palm kernel oil (CPKO) is expected to be at 7.29 million tonnes this year, IOPRI said.
Palm oil supply and demand prospects halt two-week price decline

Palm oil supply and demand prospects halt two-week price decline

Published 02 Apr, 2021 07:10pm
  • The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slipped by 2 ringgit, or 0.05%, to 3,739 ringgit ($903.58) a tonne after rising as much as 1% earlier in the day. For the week, it was up 1.3%.
  • "Overall, the market is anticipating April exports to be a tad better versus March. With tight end-stocks and better than expected exports, prices are expected to remain firmer," he added.
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