Archived News
24-02-2022
Fepo completes its first physical CPO delivery in Sabah
PETALING JAYA: Bursa Malaysia Derivatives Bhd has completed the first physical delivery of its East Malaysia Crude Palm Oil Futures Contract (Fepo) in Sabah, on Feb 17.
24-02-2022
Far East 4Q net profit climbs 33.79% amid higher average CPO, PK prices
KUALA LUMPUR (Feb 23): Oil palm plantation company Far East Holdings Bhd posted a 34% surge in net profit for the fourth quarter ended Dec 31, 2021 (4QFY21) to RM52.97 million from RM39.59 million a year prior, underpinned by higher average prices of crude palm oil (CPO) and palm kernel (PK).
24-02-2022
Indonesian UCO exports seized at border
Indonesian customs authorities have seized 20 containers of used cooking oil (UCO) that were booked for shipment under an incorrect customs code in an attempt to bypass new export regulations, according to market participants.
24-02-2022
CBOT soybeans hit 9-1/2-yr high on Ukraine crisis, improving U.S. demand
CHICAGO, Feb 23 (Reuters) - Chicago Board of Trade soybean futures surged to a 9-1/2-year high on Wednesday on rising Russia-Ukraine tensions that lifted global vegetable oil prices and on improved U.S. export prospects as Brazilian cash premiums climbed.
24-02-2022
China to release soybeans, soy oil from central reserves to boost supplies
The first month CFR China soybean physical flat price crossed the $700/mt mark for the first time since 2018, when it was assessed at $700.06/mt at the Asian close on Feb. 22, Platts data showed. The spike was fueled by rising freight rates, which were driven by higher crude oil markers on the back of the escalation in Russia-Ukraine tensions, as well as soybean prices basis FOB Santos.
24-02-2022
Palm oil futures hit all-time high on bullish global energy, vegetable oil markets
Third-month palm oil futures on the keenly watched Malaysian commodity exchange crossed the MR 6,000/mt ($1,433.52) level for the first time Feb. 23, driven by a mix of rising energy prices, vegetable oil supply concerns, and a sharp overnight rally in CBOT soybean oil prices.
23-02-2022
Zuraida: Malaysia to raise palm oil output this year after hiring more foreign workers
NEW DELHI (Feb 22): Malaysia will increase its palm oil production this year following a 5% decline last year due to a Covid-19 pandemic-induced labour shortage with the intake of more foreign workers.
23-02-2022
Malaysia: INNIO to build four biogas plants fueled by palm oil waste
Power generation solutions company INNIO has signed an MoU with project developer Concord Renewable Energy to build four power plants across Malaysia fueled by palm oil waste.
23-02-2022
Palm oil may test resistance zone of 5,794-5,868 ringgit
SINGAPORE: Palm oil may test a resistance zone of 5,794-5,868 ringgit per tonne, a break above which could lead to a gain to 5,986 ringgit.
23-02-2022
TH Plantations's FY21 net profit jumps to RM70.17mil
KUALA LUMPUR: TH Plantations Bhd's (THP) net profit surged to RM70.17 million during the financial year ended December 31, 2021 (FY21) from RM13.99 million recorded in FY20.
23-02-2022
GRAINS-Grains, soybeans rally on fear of Russia-Ukraine conflict, surging oil
CHICAGO, Feb 22 (Reuters) - U.S. wheat futures jumped to a near three-month top on Tuesday and corn rallied to its highest since June on worries that Russia's recognition of two breakaway regions in eastern Ukraine could trigger conflict that could disrupt Black Sea grain flows.
23-02-2022
VEGOILS-Palm hits record high on growing Russia-Ukraine tensions
KUALA LUMPUR, Feb 22 (Reuters) - Malaysian palm oil futures extended gains for a fourth straight session on Tuesday to hit an all-time high, as escalating Russia-Ukraine tensions threaten to hurt supply of vegetable oils, grains and crude in the Black Sea region.