Archived News

04/08/2022 (Channel News Asia), Kuala Lumpur - Malaysia said on Thursday it was ready to help India meet its palm oil demand in view of potentially erratic supply from top supplier Indonesia.

04/08/2022 (The Star Online) - KUALA LUMPUR: How plantation companies perform financially in the second quarter of this year (2Q22) will depend on their exposure to the upstream business in Malaysia and Indonesia, says Hong Leong Investment Bank (HLIB).

04/08/2022 (The Star Online) - 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 crop within four years than the entire country has in decades.

04/08/2022 (New Straits Times), Kuala Lumpur - The European Union (EU) has never imposed a ban on palm oil exports from Malaysia, a top EU diplomat clarified on Monday.

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.

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.

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.

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.

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 (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.

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.

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.