Archived News

29/11/2022 (The Star Online), Petaling Jaya - IOI Corp Bhd is expecting firm crude palm oil (CPO) prices for its next two financial quarters ending March 31, 2023.

29/11/2022 (The Edge Markets), Kuala Lumpur - Palm oil producer Sarawak Plantation Bhd reported a 56.7% year-on-year drop in net profit to RM18.2 million in the third quarter ended Sept 30, 2022 (3QFY2022), on the back of lower sales volume of crude palm oil (CPO) and palm kernel (PK).

29/11/2022 (BluePrint) - The Raw Materials Research and Development Council (RMRDC) over the years continue to spear head the promotion of the establishment of oleochemical (palm oil) producing plants in Nigeria to reduce importation of palm oil and boost Nigeria’s Gross Domestic Product (GDP); BINTA SHAMA reports.

29/11/2022 (Malay Mail), Kuala Lumpur - QL Resources Bhd’s net profit for its second quarter ended September 30, 2022 (Q2 2022) grew to RM93.9 million, or up 104 per cent, from RM45.94 million in Q2 2021 as a result of higher sales across all business segments.

28/11/2022 (The Edge Markets), Kuala Lumpur - The Malaysian Palm Oil Solidarity Group (POSG) has urged Prime Minister Datuk Seri Anwar Ibrahim to pick a minister for the industry, who has the experience and attributes to understand the wide spectrum of serious issues that beset the Malaysian palm oil sector.

29/11/2022 (New Straits Times) - Letters: The Centre for Research, Value Innovation and Entrepreneurship (Cervie) recently hosted a talk by Airbus Malaysia, which touched on challenges and opportunities in global business, as the industry must come to grips with the world demand for sustainability.

28/11/2022 (Malay Mail), Kuala Lumpur - Sime Darby Plantation Bhd said it has submitted its action plan on the findings from an independent verification assessment to the Roundtable Sustainable Palm Oil (RSPO) ahead of schedule.

27/11/2022 (Borneo Post Online), Kota Kinabalu - The Malaysian Palm Oil Solidarity Group in congratulating Datuk Seri Anwar Ibrahim on his appointment as Malaysia’s 10th Prime Minister, said it looks forward to a fresh approach under his leadership to move the nation forward, with policies that will enable economic and social progress resulting in benefits to be shared equitably amongst all Malaysians.

28/11/2022 (The Edge Markets), Kuala Lumpur - Malaysia should engage with the European Union (EU) on the EU’s new Corporate Sustainability Reporting Directive (CSRD) and any future rules that will have a significant impact on a broad range of companies operating in the world’s largest trading bloc, the Malaysian Palm Oil Council (MPOC) said.

28/11/2022 (The Star Online), Kuching - Sarawak targets a revenue collection of more than RM11bil by next year, the highest ever.

28/11/2022 (Food Navigator) - The Malaysian palm oil sector believes these is little prospect of seeing market growth in the coming year due to labour, economic and climate challenges.

JAKARTA, Nov 24 (Reuters) - Malaysian palm oil futures fell on Thursday, snapping a three-day rally, as the ringgit posted its biggest surge in over six years over an end to a political deadlock, triggering some profit-taking.