KUALA LUMPUR—Malaysia said on Thursday it could stop exporting palm oil to the European Union in response to a new EU law that strictly regulates sale of the product. Commodities Minister Fadillah Yusof said Malaysia and Indonesia would discuss the law, which bans sale of palm oil and other commodities linked to deforestation unless importers…
Indonesia to Cut Maximum Palm Oil Export Tax and Levy to a Combined $488 per Tonne—Trade Minister
June 8, 2022
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JAKARTA— Indonesia Trade Minister Muhammad Lutfi said on Tuesday the government would bring down its combined maximum crude palm oil export and levy rate to $488 per tonne from $575 per tonne to encourage shipments. Indonesia, the world’s biggest palm oil producer, has allowed palm oil exports to resume after a three-week ban, but progress…
Indonesia to Cut Maximum Combined Palm Oil Export Tax and Levy: Trade Minister
June 8, 2022
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JAKARTA—Indonesia will slash its combined maximum crude palm oil export and levy rate to $488 per metric ton from $575 to encourage shipments, Trade Minister Muhammad Lutfi said on June 7. Indonesia, the world’s biggest palm oil producer, has allowed palm oil exports to resume after a three-week ban, although progress has been slow due…
Soyoil Surges to Record High as Indonesia Bans Palm Oil Exports
April 23, 2022
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LONDON—Soybean oil prices soared to a record high on Friday as Indonesia’s decision to effectively ban exports of palm oil heightened concerns about already depleted global supplies of alternative vegetable oils. The loss of shipments from Ukraine, the world’s top supplier of sunflower oil, and drought in the world’s top soybean oil exporter Argentina had…
Palm Oil Prices Set for New Record Highs in Coming Months: Analyst James Fry
KUALA LUMPUR—Palm oil prices could hit a record 8,100 ringgit ($1,938) a tonne in coming months following a plunge in global edible oil stocks and a decline in export surpluses, including the impact of war in Ukraine, analyst James Fry said on Wednesday. He expected locally delivered crude palm oil prices in Malaysia to range…
Palm Beach Council President Suggests Trump Can Live at Mar-a-Lago
Palm Beach, Florida, Town Council President Margaret Zeidman confirmed that former President Donald Trump is allowed to live at his Mar-a-Lago property amid disputes. “It seems there is nothing … that would prohibit him from living in the owner’s suite,” Zeidman said, according to the South Florida Sun-Sentinel. After departing Washington D.C. on Jan. 20,…
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