Archived News

07/06/2022 (Business Recorder), Singapore - Palm oil may test a support at 6,386 ringgit per tonne, a break could trigger a drop to a range of 6,204-6,317 ringgit.

07/06/2022 (The Star Online), Kuala Lumpur - Boustead Plantations Bhd (BPB) has sealed a RM45 million green financing agreement with China Construction Bank (M) Bhd (CCBM) to facilitate its sustainable replanting exercise as part of its commitment towards environmental, social and governance (ESG) efforts.

08/06/2022 (The Star Online), Petaling Jaya - Global economic growth is anticipated to slow down this year, with United States rate hikes moderating in the second half amid lingering energy shocks and supply chain disruptions, says HSBC Global Private Banking.

07/06/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Tuesday (June 7), in line with expectations of a lower stock level in the country ahead of the key crop report due to be released later this week, a dealer said.

07/06/2022 (The Star Online), Petaling Jaya - Plantation companies should continue to enjoy strong prices in the second quarter but downward pressure on prices is anticipated as the sector enters a stronger supply season in the second half of the year, says Kenanga Research.

07/06/2022 (The Star Online), Petaling Jaya - Sime Darby Plantation Bhd (SDP) is confident of achieving its business and long-term sustainability goals and targets in spite of the global economic challenges ahead.

07/06/2022 (The Star Online), Mumbai - India's palm oil exports in May were its highest in seven months and up 15% on April as the country overcame curbs on Indonesian exports by sourcing more of the commodity from Malaysia, Thailand and Papua New Guinea, five industry officials said.

06/06/2022 (Reuters), Jakarta - Indonesia has issued around 302,000 tonnes of palm oil export permits since the country restarted exports, senior minister Luhut Pandjaitan said on Sunday, while reassuring farmers and exporters that authorities would speed up the permit process.

06/06/2022 (Channel News Asia), Kuala Lumpur - Malaysia is missing a golden opportunity to capitalise on high palm oil prices and could suffer more production losses due to a "severe" shortage of about 120,000 workers, the Malaysian Estate Owners' Association (MEOA) told Reuters on Monday (Jun 6).

04/06/2022 (The Star Online), Kuala Lumpur - Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin said that although there has been some increase in the European Union’s (EU) awareness of sustainable palm oil and the Malaysian Sustainable Palm Oil (MSPO), there is still not enough understanding of the metrics or of its successes.

06/06/2022 (Free Malaysia Today) - The Malaysian Estate Owners’ Association (MEOA) has expressed hope that work permits will be issued to mid-sized and small plantations with the same urgency as with larger firms.

02/06/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures reversed early losses to tick up on Wednesday, as hopes of a recovery in production was dashed after Indonesia stopped a batch of migrant workers from entering labour-starved Malaysian palm oil estates.