CPO Futures tumbled erasing over 90 points adjusting to the higher Indian import tax announced yesterday… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
Category Archives: News
CCNO offers were moderately higher by US$10-20 to… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
Front-month offers fell by US$10-50 but deferred months rose by… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
CPKO average weekly prices plunged for the third successive week, losing RM8.20 or 2.74% from the previous week settling at… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
Indian budget – India reduces the CPO import tariff from 27.50% to 15% but adds a new levy on top of the tariff called Agricultural Infrastructure and Development Cess at 17.50%, making the net effect higher to 35.75% after adding the 10% social welfare levy. This net change is a 5.50% higher duty rate.
CPO Futures posted second day of sharp recovery locking in 101 points rise on the Apr contract while front month Feb… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
Ahead of its upcoming national budget 2020-21 to be delivered on Monday, 1st of February, the Indian government is proposing to set out an ambitious 5-year timeline to achieve self-sufficiency in cooking oil in an attempt to cut the hefty import bill and quell the dissent among protesting Indian farmers. Additional tariffs or cess
Indonesia CPO export tax is raised to US$93 from US$74 in January after the calculated reference price for February was US$1026.78/ton from US$951.86 in January—Indonesia Trade Ministry. The corresponding levy on CPO will be US$255 from previously US$225 in January. For details of levy and export tax on other palm products, Click here
Bargain buying, strong close on Dalian, and robust rise on soybean oil on CBOT propelled palm futures to the best single-day rise in… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com
Origin market crude coconut oil (CCNO) export prices fell to US$1350/ton this week from a peak of US$ 1500/ton at the end of December or down by 10%. Philippines FOB prices eased following… For more analysis please subscribe or get a free trial, info@palmoilanalytics.com