Archived News
04-08-2022
Zuraida: Putrajaya cannot compel profitable palm oil exporters to sell cheaper domestically
03/08/2022 (The Edge Markets) - The government has no legal provisions that can be enforced on oil palm plantation companies that earn large profits from palm oil exports so that they supply a certain quantity of palm oil for domestic consumption at a cheap price.
04-08-2022
Indian state bets big on oil palm to cut US$19bil vegoil imports
03/08/2022 (The Star Online), Sathupally, India - Pullarao Daravathu and thousands of fellow farmers from Telangana in India's south are busy planting oil palms as their home state aims to add more area under the controversial crop within four years than the entire country has in decades.
04-08-2022
Kulim swings back to black with RM433mil profit in FY21 on higher CPO, palm kernel prices
03/08/2022 (New Straits Times). Kuala Lumpur - Kulim (Malaysia) Bhd recorded a pre-tax profit of RM433.81 million for the financial year ended December 31, 2021 (FY21) compared to a loss of RM316.45 million last year.
04-08-2022
CPO futures snap two days of losses to close firmer
03/08/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped two straight days of losses to close firmer on Wednesday, tracking gains in soybean oil on the Chicago Board of Trade (CBOT), a dealer said.
04-08-2022
Palm oil may test support at 3,717 ringgit
03/08/2022 (Business Recorder), Singapore - Palm oil may test a support at 3,717 ringgit per tonne, a break below could open the way towards 3,489-3,598 ringgit range.
03-08-2022
Food ministry wants further cut in edible oil prices
03/08/2022 (Financial Express) - The food ministry has called a meeting of edible oil manufacturers and trade bodies on Thursday to discuss the possibility of a further reduction in the retail prices of cooking oil amid a fall in global prices of these commodities in the last one month.
03-08-2022
Better palm oil prices help JCorp turn in a profit
02/08/2022 (Free Malaysia Today), Kuala Lumpur - Johor Corporation (JCorp) Group recorded a profit after tax (PAT) of RM379 million for the financial year ended Dec 31, 2021 (FY2021) compared with a loss after tax of RM237 million in FY2020.
03-08-2022
Better CPO ASPs, higher FFBs to drive Ta Ann earnings, says Maybank IB
02/08/2022 (New Straits Times), Kuala Lumpur - Better crude palm oil (CPO) average selling price (ASP) and higher fresh fruit bunches (FFB) output are expected to drive Ta Ann Holdings Bhd's earnings in the second quarter (Q2) of 2022.
03-08-2022
CPO futures ends lower amid stiff competition from Indonesia
02/08/2022 (New Straits Times), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower today, weighed by strong competition from lower Indonesian export prices, a dealer said.
03-08-2022
Clean Food Group raises £1.65m for palm oil lab alternative
02/08/2022 (UK Tech News) - Food tech startup Clean Food Group has raised £1.65m to develop a yeast-based lab solution to replace palm oil, a substance widely used in food manufacturing and the beauty industry but is a major driver of deforestation.
03-08-2022
Palm oil ends 5pc lower as Indonesia ease domestic sales rule
02/08/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures slumped more than 5% on Monday, snapping a four-session rally as a larger rival Indonesia relaxed its quota for export shipments.
03-08-2022
Palm oil reducing the price floor for vegetable oils: Grain market daily
02/08/2022 (AHBD) - Yesterday, there were multiple stories pressuring grain and oilseed markets. The main one being that the first ship carrying Ukrainian grain left the port of Odessa. The first since 24 February 2022