CPO export tax unlikely to affect EU demand
KUALA LUMPUR: The reinstatement of crude palm oil (CPO) export tax starting next month is unlikely to affect demand for the local commodity in the European Union (EU), according to the Malaysian Palm Oil Council (MPOC). Its chief executive officer, Datuk Dr Kalyana Sundram, said the EU market is less troubled by the pricing mechanism […]
Indonesia sues EU over palm oil
JAKARTA: Indonesia has filed a World Trade Organisation lawsuit against the European Union over plans to phase out palm oilbased biofuel for cars, the trade ministry said. The action could escalate a trade dispute between Indonesia — the world’s top palm oil producer — and the EU, which plans to end its use of biofuels […]
Palm oil not ‘gone case’ yet
KUALA LUMPUR: Palm oil, as the most cost-effective oil, would continue to play a pivotal role, says Primary Industries Minister Teresa Kok. “It is hard to imagine a scenario wherein it can be replaced by other oils including coconut for its pricing, functionality and versatility,” she said. She said the good thing about palm oil […]
