Archived News

25/05/2017 (The Star) - TSH Resources Bhd saw its core profit before tax (PBT) for the first quarter ended March 31, 2017 jump 63% year-on-year to RM41.1mil, mainly due to higher average crude palm oil (CPO) prices and higher fresh fruit brunch (FFB) production as well as higher profit contribution from an associate company.

25/05/2017 (Reuters) - Palm oil demand from China, the world's No.2 importer of the commodity, is set to drop in coming months as supplies of alternative edible oils flood local markets, industry sources said.

Thousands of small farmers were forced from their lands and homes by paramilitaries in Colombia's Santa Maria mountains, writes Paula Álvarez. But now as a welcome peace allows their return from involuntary exile, they find a new enemy that has come to stay - huge plantations of oil palm that have obliterated the mixed, patchwork landscape of small fields, villages, and swathes of forest on steep-sided hills that they used to inhabit.

May 23, 2017 (Economic Times) - NEW DELHI: Crude palm oil prices fell 0.60 per cent to Rs 511.80 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand at the spot market. Sufficient stocks position following increased supplies from the producing belts too fuelled the downtrend. At the Multi Commodity Exchange, crude palm oil for delivery in June eased by Rs 3.10, or 0.60 per cent, to Rs 511.80 per 10 kg, in a business turnover of 271 lots. On similar lines, the oil for delivery this month traded lower by Rs 2.50, or 0.47 per cent, to Rs 522.70 per 10 kg in 174 lots. Analysts said besides profit-booking by speculators at prevailing higher levels, fall in demand at the spot market, mainly weighed on crude palm oil prices.

Research and Markets has announced the addition of the "UAE Palm Oil Market Analysis By Product (Crude Palm Oil (CPO), Palm Kernel, RBD, PKO, Olein, Stearin), By Application (Edible Oil, Cosmetics, Bio-Diesel, Lubricants, Surfactants), Competitive Insights, And Segment Forecasts, 2014 - 2025" report to their offering.

SINGAPORE (May 23): Palm oil counters have been among the standout performers in this quarter’s earnings season. All but one have reported stronger revenue and earnings growth in the quarter ended March, based on a list of six companies compiled by The Edge Singapore as at May 17. The exception was Golden Agri-Resources, which posted a 60.1% decline in earnings to US$37.6 million ($52.2 million) on higher expenses and foreign exchange losses. Nevertheless, its revenue improved 37% to US$2.1 billion from US$1.5 billion a year ago. Meanwhile, First Resources was the best performer. Its earnings surged 807% to US$48.5 million from US$5.3 million a year ago. Revenue increased 71.6% to US$194.1 million.

ROTTERDAM, May 23 (Reuters) - Palm oil on the European vegetable oils market eased on Tuesday on forecasts for increasing output and weaker Malaysian palm oil futures because of a stronger ringgit currency. Asking prices for palm oil were between unchanged and $12.50 a tonne down after Malaysian palm oil futures closed between 23 and 45 ringgit a tonne lower.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday May 24.

KUALA LUMPUR: Malaysian palm oil futures declined on Tuesday evening, their first drop in three sessions, weighed down by a stronger ringgit and forecasts of rising production.

23/05/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

23/05/2017 (The Star) - Plantation firm Kuala Lumpur Kepong Bhd (KLK) says it has hedged a portion of its future production to protect profits against the falling price of crude palm oil (CPO).

23/05/2017 (Pakistan Observer) - Six ships, M.V African Falcon, M.T Arcturus, M.T Wawasan Jade, M.V Good Hope Max, M.T Gas Chem Antarctic and M.T Maran Gas Asclepius scheduled to load/offload Cement, Condensate oil, Palm oil, Soya Bean, Chemicals and LNG were allotted berths at Multi Purpose Terminal, FOTCO Oil Terminal, Grain, Fertilizer Terminal, Engro Vopak Terminal and Engro Elengy Terminal respectively during last 24 hours, said a report issued by Port Qasim Authority (PQA) here on Monday.