PALM OIL NEWS 2022

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KUALA LUMPUR (Sept 5): Malaysia's palm oil inventories at end-August likely swelled above two million tonnes for the first time in more than two years, lifted by a jump in production, a Reuters survey showed on Monday (Sept 5).

Stockpiles jumped 14.5% from the month before to 2.03 million tonnes, the highest since April 2020, according to the median estimate of nine traders and analysts polled by Reuters.

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KUALA LUMPUR (Nov 10): Malaysia's palm oil stocks at the end of October expanded for a fifth month to a three-year high as production improved, data from the nation's palm oil board showed.

Inventories in the world's second-largest producer rose 3.74% from the previous month to 2.4 million tonnes, the highest since September 2019, according to the Malaysian Palm Oil Board (MPOB).

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ANKARA (July 7): Malaysia has huge potential to become Turkiye’s major trading partner and the republic’s gateway and trading hub into ASEAN.

Prime Minister Datuk Seri Ismail Sabri Yaakob said the two countries are now in the final round of the Malaysia-Turkiye Free Trade Agreement (MTFTA) scope expansion negotiations which covers new sectors such as investment, services, and e-commerce.

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SUMBER: STARBIZ, MS 1 & 2
25 APRIL 2022

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KUALA LUMPUR (Oct 14): Price for crude palm oil (CPO) has been gazetted at RM3,575.80 a ton, which incurs the maximum export tax of 8%, according to a statement from the customs department posted on the Malaysian Palm Oil Board's website.

The CPO export tax has been kept at 8% since January 2021.