Tag: cpo

Malaysia seeks to export 1 million tons of CPO in three months by dropping export taxes

Malaysia seeks to export 1 million tons of CPO in three months by dropping export taxes

January 11, 2018 |

In Malaysia, the government dropped export taxes on crude palm oil as of January 8 for a period of three months in an effort to reduce the 2.6 million metric tons of palm oil stocks that are currently weighing on the market. The target is to reduce the stocks by 1 million tons but analysts […]

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Malaysia delays B10 blending indefinitely due to high CPO prices

Malaysia delays B10 blending indefinitely due to high CPO prices

November 15, 2016 |

In Malaysia, the government announced that it will delay the implementation of its B10 blending mandate yet again after the most recent December 1 deadline was found to be unrealistic due to the price difference between fossil diesel and palm oil-based biodiesel. A new date has not been set yet as the government doesn’t want […]

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Indonesia lowers biodiesel price index to boost demand

Indonesia lowers biodiesel price index to boost demand

March 24, 2015 |

In Indonesia, the government continues to roll out new policies in hopes of stimulating the local biodiesel industry, this time by lowering the price index for transforming CPO into biodiesel to $125 per metric ton, down from $188 per ton. The move is meant to make biodiesel cheaper and therefore encourage Pertamina to buy more.

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Malaysia to reintroduce CPO export tax, Indonesia may follow

Malaysia to reintroduce CPO export tax, Indonesia may follow

March 17, 2015 |

In Malaysia, the country announced it will introduce a 4.5% export tax on crude palm oil exports in April, while Indonesia is expected to follow suit. Malaysia dropped the export tax in September, since when exports of CPO have soared 21% while exports of refined oil have fallen 15%. The Rotterdam price for CPO is […]

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Indonesia sets CPO as benchmark for biodiesel supply tenders from March 1

Indonesia sets CPO as benchmark for biodiesel supply tenders from March 1

March 3, 2015 |

In Indonesia, the country’s energy and minerals ministry has altered the pricing benchmark used in tenders to supply biodiesel to the state-owned oil company Pertamina to crude palm oil prices rather than diesel prices in an attempt to further boost biodiesel consumption. The new benchmark is in effect for tenders as of March 1.

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Malaysia’s sustainable palm oil certification program to come online in January

Malaysia’s sustainable palm oil certification program to come online in January

November 3, 2014 |

In Malaysia, the national sustainability program for palm oil—Malaysian Sustainable Palm Oil, MSPO—is set for launch in January as a way to help market the country’s CPO. Ongoing talks for the Malaysia-European Union Free Trade Agreement and the Trans-Pacific Partnership are expected to provide additional export demand, and that MSPO meant to support those exports. […]

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Crude palm oil prices expected to drop in April

Crude palm oil prices expected to drop in April

April 1, 2013 |

In Malaysia, crude palm oil prices have dropped to $800 per tonne, and the CPO market may further downturn after April when seasonal supply factors begin to take effect. Malaysia and Indonesia will reach peak production around this time, and South America’s bumper harvest of soybeans will also put pressure on the market. World CPO […]

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