Archived News

22/08/2023 (The Edge Malaysia), Kuala Lumpur - Sarawak Plantation Bhd’s net profit fell 45% to RM16.56 million or 5.93 sen per share in the second quarter ended June 30, 2023 (2QFY2023), from RM30.01 million or 10.75 sen per share a year ago, as operating profit dropped and revenue declined amid lower realised average selling prices of crude palm oil (CPO) and palm kernel (PK), despite higher sales volume.

22/08/2023 (Business Recorder), Singapore - Malaysian palm oil futures finished nearly 2% lower on Tuesday following a dip in rival edible oils, although strong export data helped limit losses.

21/08/2023 (The Edge Malaysia), Kuala Lumpur - Innoprise Plantations Bhd posted a 65.18% decline in net profit for the second quarter ended June 30, 2023 (2QFY2023) to RM10.77 million from RM30.94 million a year prior, mainly due to lower average selling prices of crude palm oil (CPO) and palm kernel (PK).

21/08/2023 (Business Recorder), Singapore - Malaysian palm oil futures recovered on Monday mirroring strength in rival edible oils, while firm export data supported sentiment.

21/08/2023 (Jakarta Globe), Jakarta - China will likely purchase 8 million tons of Indonesian palm oil in 2024 after imports suffered a decline amid the Covid-19 pandemic, according to an association of the commodity’s producers.

21/08/2023 (Business Day Nigeria) - The Roundtable on Sustainable Palm Oil (RSPO) has trained no fewer than 500 farmers, government officials, media practitioners, civil society organisations, non- governmental organisations in Edo State on sustainable palm oil production.

21/08/2023 (Daily Trust) - In this interview, the president of the Oil Palm Growers Association of Nigeria (OPGAN), Mr Joe Onyiuke, who is a lawyer and entrepreneur, speaks on how the federal government can attain mass employment, food security and stop the $500m (N430 billion at N860/$) spent annually to import palm oil into the country.

20/08/2023 (The Star Online), Kuala Lumpur - A RM1.2mil allocation has been set aside to finance a study of the orang utan population in Sabah for a period of two years.

19/08/2023 (The Borneo Post), Kuching - A total of RM35 million has been allocated to the Sarawak Land Consolidation and Rehabilitation Authority (Salcra) to build a plant to produce animal feed from oil palm waste, said Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg.

18/08/2023 (The Jakarta Post) - The European Union said on Thursday it had launched an investigation into whether biodiesel from Indonesia was circumventing EU duties by going through China and Britain.

19/08/2023 (Malay Mail), Kuala Lumpur - The Malaysian Palm Oil Green Conservation Foundation (MPOGCF), an agency under the Ministry of Plantation and Commodities (KPK), has allocated RM1.2 million to finance a study of the orangutan population in Sabah for a period of two years, starting this year.

20/08/2023 (Business Standard) - The government expects vegetable prices to start cooling off from next month with the advent of new crops in the market, but rising crude oil prices is a concern even though it is still within the tolerable zone of $ 90 a barrel, a finance ministry official said.