Archived News
30-12-2022
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.
29-12-2022
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.
29-12-2022
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.
29-12-2022
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.
29-12-2022
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.
29-12-2022
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.
29-12-2022
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).
28-12-2022
Malaysia's Dec 1-25 palm oil exports fall 0.8% -ITS
26/12/2022 (Nasdaq), Kuala lumpur - Exports of Malaysian palm oil products for December 1-25 fell 0.8% to 1,262,147 tonnes from 1,272,721 tonnes shipped during November 1-25, cargo surveyor Intertek Testing Services said on Monday.
28-12-2022
Palm oil jumps most in five months on China's move to relax curbs
27/12/2022 (The Edge Markets) - Palm oil posted its biggest advance since July as China's decision to end quarantine for inbound visitors buoyed expectations that demand in one of the world's top consumers of edible oils will improve.
28-12-2022
Palm oil logs second weekly drop on weak demand
26/12/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures extended losses on Friday to hit a 10-day closing low, and logged a second weekly decline due to poor demand and weaker rival oils.
28-12-2022
Indonesia’s 2022 Palm Oil Exports Seen At 34.67 Mln Tonnes – Palm Oil Fund
27/12/2022 (Hellenic Shipping News) - Indonesia’s 2022 palm oil exports are estimated at 34.67 million tonnes, down from last year’s 37.78 million tonnes, partly due to a temporary export stoppage in April, the chief executive of its palm oil fund (BPDPKS) said.
28-12-2022
RSPO keeps trade doors open, says Bek-Nielsen
27/12/2022 (The Edge Markets) - IF the Roundtable on Sustainable Palm Oil (RSPO) were a person, it would be on the cusp of adulthood as it turned 18 in April this year. Having been around for close to two decades, to what extent has the not-for-profit organisation achieved its vision to make sustainable palm oil the norm?