Brighter year for palm oil
29/12/2022 (New Straits Times) - OUR palm oil industry is looking at a better performance for this year which we foresee will continue into 2023.
Indonesia puts off 35% palm oil biodiesel rule to Feb 1
29/12/2022 (Free Malaysia Today), Jakarta - Indonesia will start its mandatory 35% palm oil biodiesel blending programme on Feb 1, a month later than initially planned, the energy ministry said.
CPO futures end marginally higher
29/12/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives (BMD) ended slightly higher on Thursday despite the weakness in commodities futures prices.
Indonesia delays mandatory 35% palm oil biodiesel blending to Feb. 1
30/12/2022 (Hellenic Shipping News) - Indonesia will start its mandatory 35% palm oil biodiesel blending on Feb. 1, a month later than initially planned, the energy ministry said, without citing a reason.
Palm oil ends flat, demand concerns weigh
30/12/2022 (Hellenic Shipping News) - Malaysian palm oil futures reversed losses on Thursday after trading in a tight range, but the contract ended virtually unchanged, weighed down by sluggish demand and as traders booked profits.
Now, price rise in palm oil, trend likely to continue
29/12/2022 (Telangana Today), Hyderabad - Prices of palm oil are firming up. The price, which till recently was about Rs 100 a litre, is now at Rs 110. The price has increased about ten per cent or so and the trend is likely to continue for some more time.
Fitch Ratings expects crude palm oil to average US$850 a tonne in 2023
28/12/2022 (The Edge Markets), Kuala Lumpur - Malaysian benchmark crude palm oil (CPO) spot prices will average US$850 (RM3,763.80) per tonne in 2023, significantly lower than US$1,175 per tonne in 2022, according to Fitch Ratings.
VEGOILS-Palm oil scales near four-week peak on China reopening hopes
28/12/2022 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures ticked up on Wednesday, hovering near a near four-week high on hopes of a recovery in demand after China eased COVID-19 curbs.
Malaysia keeps January crude palm oil export duty at 8%
28/12/2022 (The Star Online), Kuala Lumpur - Malaysia has maintained its January export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Wednesday.
Boilermech solidifies presence in RE
28/12/2022 (The Star Online), Petaling Jaya - Boilermech Holdings Bhd’s full ownership of Tera Sdn Bhd is expected to solidify the group’s existence in the renewable energy (RE) space, says Kenanga Research.
Bursa rebound for banking, plantation stocks today?
28/12/2022 (New Straits Times), Kuala Lumpur - There should be some rebound for banking stocks on Bursa Malaysia today after suffering a sell-down yesterday, Rakuten Trade said.
Kim Loong sees stronger growth in FY23
28/12/2022 (The Star Online), Kuala Lumpur - Kim Loong Resources Bhd, which posted a net profit of RM36.74mil in the third quarter ended Oct 31 (3Q), expects to perform well and achieve a record high revenue and profit for the financial year ending January 31, 2023 (FY23).