Archived News

27/08/2024 (The Edge Malaysia), Kuala Lumpur - Analysts expect a better first half (1HFY2025) for IOI Corporation Bhd (KL: IOICORP) on the back of improved fresh fruit bunch (FFB) production and lower crude palm oil (CPO) production costs, after its full-year ended June 30, 2024 (FY2024) came mostly within expectations.

27/08/2024 (New Straits Times), Kuala Lumpur - Agribusiness and food company FGV Holdings Bhd reported a net profit of RM86.3 million for the second quarter of 2024 (2Q24), a turnaround from a net loss of RM12.8 million in the same quarter of the previous year.

27/08/2024 (Barchart) - Soybeans are posting of 4 to 6 cent gains as we trade trough Tuesday’s midday, adding onto Monday’s strength. Soymeal futures are up $4.20 per ton. Soy Oil contracts are back down 34 points in the September contract.

28/08/2024 (The Western Producer), Saskatoon - Canada’s canola processors have been blindsided by proposed amendments to California’s Low Carbon Fuel Standard.

26/08/2024 (The Star), Kuala Lumpur - Ta Ann Holdings Bhd’s palm oil production is trending upwards as it enters the second half of the year with fresh fruit bunches (FFB) production cycle at its peak.

26/08/2024 (Reuters), Singapore - Malaysian palm oil futures advanced for the fourth session on Monday, touching their highest in more than three weeks on Indonesia's plan to further raise its biodiesel blending and concerns of rainy weather hurting Malaysia's production.

26/08/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Monday due to prospects of a weaker production pace in the country, said a dealer.

26/08/2024 (Reuters), Indonesia - President-elect Prabowo Subianto hopes to implement mandatory 50% palm oil-based biodiesel blending by early next year, which he said would cut fuel imports by $20 billion per year.

26/08/2024 (Bloomberg) - The outlook for Indonesia’s palm oil harvest has dimmed as dry weather and aging trees crimp production in the world’s top grower, which will likely tighten global supply and keep prices elevated.

26/08/2024 (ChemAnalyst) - Global production of vegetable oils is on the rise, driven by increasing demand across various markets. The anticipated surplus in commodities like palm and soybean oil for the 2024/25 period is expected to more than compensate for a projected decline in sunflower oil production. According to the US Department of Agriculture (USDA), global vegetable oil production for the current crop year is set to reach a record high of 224.2 million tonnes. This represents an increase of 2.7 million tonnes from the previous year. At the same time, global consumption is estimated to rise to 221.7 million tonnes, a jump of 5.3 million tonnes from the prior year. As a result, ending stocks are forecasted to be lower than last year, totaling 29.6 million tonnes, and will fall below the long-term average.

23/08/2024 (New Straits Times), Kuala Lumpur - Membership in intergovernmental organisation BRICS is likely to benefit Malaysian businesses, especially in the palm oil, rubber, and electronics sectors.

23/08/2024 (Free Malaysia Today), Petaling Jaya - Malaysia palm oil production is expected to surpass 19 million metric tonnes (mt) in 2025 in the event of a strong La Nina, said an analyst.