Archived News

28/11/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures ended higher on Wednesday, extending a three-day winning streak, underpinned by production concerns in the country.

27/11/2024 (The Edge Malaysia), Kuala Lumpur - FGV Holdings Bhd (KL:FGV), Malaysia’s largest producer of palm oil by volume, nearly tripled its net profit in the third quarter thanks to higher output and prices that may stay high in the remaining months of 2024.

27/11/2024 (Oils & Fats International) - Palm oil certification body the Roundtable on Sustainable Palm Oil (RSPO) has voted to adopt a major new standard aimed at balancing conservation goals with the practicalities of the palm oil industry.

27/11/2024 (BSS), Dhaka - Bangladesh has requested Malaysia to take necessary measures as early as possible to supply refined palm oil to Bangladesh through the Trading Corporation of Bangladesh (TCB) under the support of the Malaysian government ahead of the Holy Month of Ramadan.

27/11/2024 (Business Today) - MKH Oil Palm (East Kalimantan) Berhad reported a stellar net profit of RM21 million on the back of revenue of RM90.59 million for its fourth quarter ended 30 Sep, 2024. Earnings per share (EPS) stood at 2.73 sen for the quarter.

26/11/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Tuesday, tracking the stronger soybean oil market on the Chicago Board of Trade (CBOT), a trader said.

26/11/2024 (Bernama), Kuala Lumpur - The government has targeted oil palm replanting on 77,000 hectares of land over the next five years (2025–2029) to ensure the palm sector remains sustainable and competitive through the implementation of an oil palm replanting programme, specifically among smallholders.

27/11/2024 (The Star), Petaling Jaya - IOI Corp Bhd, whose net profit more than doubled in the first quarter ended Sept 30, 2024 (1Q25), expects a “satisfactory” performance for the remaining quarters of its financial year 2025 (FY25), supported by higher crude palm oil (CPO) prices and improving yields.

26/11/2024 (Bernama), Kuala Lumpur - TH Plantations Bhd's (THP) net profit for the third quarter (30) of 2024 rose to RM21.55 million from RM17.55 million last year.

26/11/2024 (Reuters), NAPERVILLE, Illinois -Despite its status as the world's most plentiful vegetable oil, palm oil is no longer the cheapest, as supply concerns have pushed up prices by nearly 30% this year.

25/11/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended a three-day losing streak to close higher on Monday, due to stronger soybean oil prices on the Chicago Board of Trade (CBOT), said palm oil trader David Ng.

25/11/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures opened higher on Monday after three consecutive sessions of declines, buoyed by stronger rival vegetable oils.