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    India bans import of refined palm oil | Free Malaysia Today (FMT)

    Four industry sources told Reuters that the memo was an effective ban on imports of refined palm oil, meaning India can now only import crude palm oil. It will hit Malaysia, the main supplier to

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    India restricts refined palm oil imports after Malaysia's

    It will hit Malaysia, the main supplier to India of refined palm oil and palmolein, but is likely to help Indonesia, the biggest exporter of crude palm oil. Indian government and industry sources told Reuters that Prime Minister Narendra Modi`s Hindu nationalist government was seeking to target Malaysia after recent criticism of India by Malaysian Prime Minister Mahathir Mohamad.

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    Malaysia is Directing Its Three Largest Industries to

    Malaysia is Directing Its Three Largest Industries to Blockchain Technology. The Malaysian government is seeking to explore blockchain solutions in the nation's three largest industries: renewable energy, palm oil, and Islamic finance. A task force named the Malaysian Industry-Government Group for High Technology (MIGHT) will be spearheading

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    Malaysian PM's CAA remark likely to cost his country more

    India had imported 4.4 million tonnes of palm oil from Malaysia in 2018-19. The decision also has a 'Make in India' connection. The government claims that the restrictions will also boost business for Indian refiners of crude palm oil. India is one of the world's largest vegetable oil consumers with an average Indian consuming over 20 kg of

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    Govt imposes restriction on palm oil import after Malaysia's

    Four industry sources told Reuters that the memo was an effective ban on imports of refined palm oil, meaning India can now only import crude palm oil. It will hit Malaysia, the main supplier to

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    India restricts refined palm oil imports after Malaysia's

    Indonesia traditionally cornered around two-thirds of India's palm oil imports, but a lower duty on refined palm oil helped Malaysia to overtake Indonesia as India's biggest supplier in 2019.

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    Govt issues import licences for 1.1 mn tonnes of refined

    India's edible oil industry has been seeking import curbs on refined palm oil to boost local refining. At a meeting with industry officials on Wednesday, a senior official of the commerce ministry expressed displeasure at allowing large-scale imports of refined palm oil, and asked DGFT officials not to allocate more licences, said a trader who attended.

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    Malaysia end-Jan palm oil stocks seen rebounding as exports

    Malaysia's palm oil inventories at the end of January likely ticked up for the first time in four months, as a deep plunge in exports offset output which tumbled to near 5-year low, a Reuters

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    Malaysia's Muhyiddin to meet Jokowi on inaugural foreign trip

    Indonesia and Malaysia are the largest palm oil producers in the world. Muhyiddin, who is leading a small delegation, would also be seeking to learn from Indonesia's experience in rolling out the

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    Palm oil-gasoil spread at nine-year low making discretionary

    In Malaysia, Bloomberg reports that the palm oil-gasoil spread is grown to its largest since 2011 at around $350 per metric ton but soared past $400 earlier this month, making the vegetable far too expensive for discretionary biodiesel blending and risking Malaysian and Indonesian attempts to boost their blending mandates. The countries are seeking to prop up prices to support small farmers

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    India restricts refined palm oil imports after Malaysia's

    New Delhi had earlier this week informally asked palm oil refiners and traders to avoid buying Malaysian palm oil. The decision to restrict all imports of refined palm oil is also likely to boost

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    Palm oil, palm methyl ester chalk up a good run - S&P Global

    India lowered tax rate for RBD palm olein from Malaysia to 45% from 54%, giving Malaysian palm oil exports a boost at a time when the rest of ASEAN imports were taxed at 50%. However, this may change as India's Commerce Ministry is seeking higher taxes on Malaysian RBD palm olein imports.

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    Malaysia's Plans to Boost Biofuel to Help Palm, Embas Says

    Palm oil on the Bursa Malaysia Derivatives surged 9.4 percent last month, extending a rebound from a more than three-year low of 2,137 ringgit ($651) a ton in July. It was at 2,813 ringgit at the

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    The ambiguities of Indonesian Sustainable Palm Oil

    Institutional reforms that included liberalization and the further opening of the economy provided a boost for the palm oil industry (Sato 2003). Three main factors explain the emergence of Indonesia as the largest producer of palm oil in the world, overtaking Malaysia in 2006. The first factor is the opening up of the palm oil sector to

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    Putin Signs Deal with Malaysia to Provide Jet Fighters

    President Putin signed a $900 million deal Tuesday to sell 18 Sukhoi SU-30 M.K. warplanes to Malaysia. Malaysia will finance the purchase through sales of palm oil. Mr. Putin is on a two-day visit to Malaysia aimed at bolstering trade ties and to boost the export of technological know-how to Malaysia. Malaysian Prime Minister Mahathir Mohamad

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    In Malaysia, the fate of a peat forest hinges on a powerful

    In Malaysia, the fate of a peat forest hinges on a powerful state official. The government of Malaysia's Selangor state appears intent on rescinding protected status for the remnants of a once

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    Is This The Beginning, Or The End For Palm Oil In China

    The production of palm oil is highly concentrated, with Indonesia the world's largest producer of the oil by some margin at 42.5 million metric tons in 2019/20. Malaysia came in second at 19

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    India allots licences to buy 1.1 million tonnes of refined

    India's edible oil industry has been seeking import curbs on refined palm oil to boost local refining. MUMBAI: India has issued import licences for 1.1 million tonnes of refined palm olein from

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    After palm oil, India may impose import curbs on other

    India imported 4.4 million tonnes of palm oil from Malaysia in 2019. The decision has a 'Make in India' connect. As per the Centre's assessment, the restrictions will boost business for crude palm

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    India restricts refined palm oil imports after Malaysia's

    Palm oil is crucial for the Malaysian economy as it accounts for 2.8% of gross domestic product and 4.5% of total exports. State-owned and private Malaysian refineries will likely have to scramble

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    Fitch revises upwards forecast for palm oil prices

    This will cap palm oil prices. In the longer term it forecast palm oil prices to ease slightly as it expects demand growth to underwhelm in China, India and the EU. It sees prices averaging RM2

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    Palm Oil Biofuels Market May See Shake-Up in 2020

    Like Indonesia, the Malaysian government is seeking to reverse the reduction of palm oil demand and the increase in Malaysian palm oil stocks. The move is seen as a boost to the domestic palm oil industry. Malaysia will implement the B20 measure in stages, starting with Langkawi (Kedah archipelago) early in 2020.

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    Malaysia tycoon Syed Mokhtar seeks stake in major palm oil

    MALAYSIAN tycoon Syed Mokhtar Albukhary is seeking to combine his plantation assets with those of FGV Holdings in a potential merger aimed at securing a stake in one of Malaysia's biggest palm oil producers. FGV shares rallied. Perspective Land (M), which he owns, intends to "inject" its plantation assets into FGV, said a filing from FGV on

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    Malaysia files WTO complaint over EU palm oil restrictions

    Malaysia is the second country to take the EU to task over palm oil use restrictions, after the world's largest producer of the oil filed a complaint in December 2019. Malaysia's complaint marks the 600th trade dispute brought before the WTO since the organisation was created in 1995. The request for consultations marks the first step in the

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    UPDATE 1-India restricts refined palm oil imports after

    Indonesia traditionally corned around two-third of India's palm oil imports, but a lower duty on refined palm oil helped Malaysia to overtake Indonesia as India's biggest supplier in 2019.

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    Palm oil export revenue poised to hit RM80b in 2018 | The

    Malaysia has suspended export taxes on crude palm oil (CPO) for a three-month period starting from Jan 8 to boost prices and reduce high stockpiles currently measured at 2.6 million tonnes. Mah also said the MPOC is working closely with smallholders in the industry to increase production, by assisting them via technology sharing and the provision of replanting grants and better quality seedlings.

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    Mahathir recruits Widodo to fight EU's palm oil plan - Nikkei

    Malaysia has threatened to derail free trade talks between the EU and the Association of Southeast Asian Nations. Indonesia, meanwhile, has been seeking to boost domestic use of palm oil, increase

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    Malaysia Agrochemicals Market - Growth, Trends, COVID-19

    This growth can be attributed to the continued expansion of oil-palm cultivation, which requires a significant amount of potassic fertilizers.Plantation crops, like oil palm and rubber, consume the majority of agrochemicals in the country followed by cereals and vegetables. The oil palm industry in Malaysia is the prominent agricultural sector in the country and plays a key role in world and

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    Commodities: The party doesn't stop for commodities in 2021

    The price of soybean oil has increased 15% y-o-y to US$0.39 per pound. Nevertheless, OCBC's Lee expects palm oil prices to trend lower next year, ending 2021 at RM2,600 per tonne and trading at an average of RM2,775 per tonne. "Supply disruptions in Malaysia and Indonesia have contrived to send CPO prices to their highest in eight years in

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    Indonesia's looser palm plantation rules renew conflict

    Indonesia is the world's top producer of palm oil with exports last year estimated at about US$23 billion (S$30 billion), though its expansion has often been in areas of once plentiful tropical

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