Archived News
22-02-2022
Palm extends winning streak on stronger exports, global supply worries
Malaysian palm oil futures climbed as much as 3% on Monday to hover near record highs as vegetable oil markets got a boost from South American weather concerns, while a jump in exports also helped.
22-02-2022
Palm oil climbs 2% on upswing in partial Feb exports
February 21, 2022: Malaysian palm oil futures jumped more than 2% on Monday, extending gains for a third consecutive session after a surge in February exports so far and tracking strength in Dalian oils.
22-02-2022
Plantation to get support from high CPO price
MALAYSIAN plantation companies will continue to benefit from the bullish commodities supercycle for another two quarters at least which should help sustain investors’ interest in the sector counters in the short term despite yesterday’s selling.
22-02-2022
Palm oil may break support at 5,484 ringgit and fall more
SINGAPORE: Palm oil may test a support at 5,484 ringgit per tonne, with a good chance of breaking below this level and falling into 5,366-5,425 ringgit range.
22-02-2022
MIDF Research: Sime Darby Plantation's FFB production set to improve in near term
KUALA LUMPUR (Feb 21): MIDF Research sees Sime Darby Plantation Bhd's (SDP) fresh fruit bunch (FFB) production improving in the near term on the expected arrival of foreign workers in the plantation sector latest by the first quarter of 2022.
22-02-2022
GRAINS-Soybeans hit highest in more than a week; corn, wheat jump
SINGAPORE, Feb 22 (Reuters) - Chicago soybean futures rose for a fourth consecutive session on Tuesday and hit their highest in more than a week on concerns over dry weather in Brazil and Argentina curbing yields.
21-02-2022
Malaysia CPO tops RM6,000 a tonne at record high in industry super cycle
KUALA LUMPUR (Feb 18): Malaysian crude palm oil (CPO) futures prices rose past RM6,000 a tonne for the first time to their all-time high on Thursday evening (Feb 17) after climbing as much as RM87 to RM6,054 in Bursa Malaysia’s extended trading session between 9pm and 11:30pm in what analysts describe as a palm oil industry super cycle amid supply constraints during seasonal low production in the first half of the year when demand is also expected to grow ahead of Hari Raya Aidilfitri in May 2022.
21-02-2022
No significant impact on SDP with Indonesian new palm oil ruling
KUALA LUMPUR: Sime Darby Plantation Bhd (SDP) do not foresee a significant impact on the new Indonesian regulation requiring local palm oil producers to sell 20 per cent of their production to domestic refiners at fixed prices starting from February 23, 2022.
21-02-2022
Palm oil closes higher, but posts third weekly loss
Malaysian palm oil futures fell for a third straight week, but notched gains on Friday on supply concerns and as rival oils on the Dalian commodity exchange strengthened.
21-02-2022
KLK hits all-time high as Malaysia CPO futures ask price tops RM6,000, emerges as one of top gainers
KUALA LUMPUR (Feb 18): Kuala Lumpur Kepong Bhd (KLK) emerged as one of the top gainers in the local bourse on Friday (Feb 18) after its share price hit an all-time high as the asking price of crude palm oil (CPO) futures topped RM6,000 a tonne for the first time on Thursday (Feb 17) at RM6,050.
21-02-2022
Synergising agencies will enhance overall efficiency, says Minister
KUALA LUMPUR: Plantation Industry and Commodities Minister, Datuk Zuraida Kamaruddin today said her proposal to bring several palm-oil related agencies to work together was primarily aimed at saving time and taxpayer’s money.
21-02-2022
A roadmap for oil palm development in India
Due to the ever-increasing demand of edible oils caused by the increased consumption of high-value value food products, there is an unprecedented opportunity of improving the farmer’s income. Moreover, India has been importing edible oils and its derivatives annually worth ₹70,000 crore or more.