Archived News

JAKARTA/SINGAPORE, Oct 27 (Reuters) - Malaysian palm oil futures fell on Wednesday, after two consecutive sessions of gains, hurt by a new wave of COVID-19 infections in China and cheaper rival oils elsewhere.

PUTRAJAYA (Oct 27): Malaysia's agricommodity export value is projected to increase to RM204 billion this year from RM152 billion in 2020, in tandem with the rise in commodity prices in the market, said Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin.

SINGAPORE: Palm oil still targets Oct. 22 low of 4,816 ringgit per tonne, as the bounce from this level has ended.

KUCHING: Bangladesh is looking forward to meeting Sarawak's needs for workers in various sectors, especially in the plantation sector.

THE revelation by the Hong Kong Consumer Council on Oct 18, 2021, that 60 samples of biscuits contained carcinogenic contaminants of glycidol and/or acrylamide and 46 of the same samples also contained 3-monochloropropane diol (3-MCPD) is a stern wake-up call for the palm oil industry, especially in Malaysia.

PUTRAJAYA, Oct 26 — A tight standard operating procedure (SOP) would be set by the government before Malaysia receives 32,000 foreign workers in the palm oil plantation sector, said Minister of Primary Industries and Commodities, Datuk Zuraida Kamaruddin.

THE WHAT? Indonesian President, Joko Widodo has unveiled plans to halt exports of raw commodities in a bid to attract investment in the country’s resource processing capabilities and create jobs, according to a report published by Reuters.

JAKARTA, Oct 26 (Reuters) - Malaysian palm oil futures climbed for a second session on Tuesday as concerns of tight supply persisted, while strong gains in rival oils also helped prices.

KUALA LUMPUR (Oct 26): MHC Plantations Bhd’s net profit jumped 118.9% to RM11.48 million for the third quarter ended Sept 30, 2021, from RM5.24 million a year ago, on the back of improved profitability at both its plantation and oil mill segments.

KUALA LUMPUR (Oct 26): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Tuesday, as concerns over weaker output continued to lift sentiment in the near term.

SINGAPORE: Palm oil may revisit its Oct. 22 low of 4,816 ringgit per tonne, as the bounce from this level is ending.

KUALA LUMPUR: Palm oil production in Malaysia is on course for its weakest showing in five years as planters grapple with the worst-ever labour shortage, and the low yields are likely to last through March.