Archived News

KUALA LUMPUR (Nov 15): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended mostly higher on Monday (Nov 15), supported by strong export data for the first half of the month, a dealer said.

KUALA LUMPUR: Malaysian palm oil futures ended higher on Monday, lifted by a surge in exports during the first half of November, although persistently high prices raised demand concerns.

BOUSTEAD Plantation Bhd’s third quarter (3Q21) core profit is expected to beat earnings expectations, buoyed by high crude palm oil (CPO) average selling price (ASP) which will more than offset its weak output.

Bandung, W Java (ANTARA) - Trade Minister Muhammad Lutfi has called on industries to work closely with the government in stabilizing the price of cooking oil by providing buffer stock.

ISLAMABAD: Pakistan’s oil and eatable import bill recorded a sharp increase in the first four months (July-October) of 2021-22 from a year ago owing to rising prices on the international market and massive depreciation of the rupee.

Grains finished mixed to end the trading session on Monday. Corn futures closed lower on the day as Dec. Corn futures ended 3/4¢ lower at $5.76 1/2. March futures pushed 1¢ lower finishing at $5.84. May corn futures ended the day 1/4¢ lower at $5.88 1/2.

HAMBURG, Nov 15 (Reuters) - Chicago wheat rose on Monday, still trading close to its highest in almost nine years on tightening global supplies and robust import demand.

KUALA LUMPUR: Malaysian palm oil futures reversed early gains on Monday, tracking losses in rival soyoil, but hopes of higher exports during Nov. 1-15 period limited losses.

U.S. soybean futures rose about 2% on Friday, led by soaring soymeal futures tied to technical buying, brisk demand for the high-protein feed ingredient and logistical hurdles, traders said.

India is a nation that has about 1.39 billion mouths to feed, and hence logically is a nation that requires a lot of edible cooking oil like palm oil. It is the oil that is mostly used by developing countries as cooking oil.

KUCHING: The Gabungan Parti Sarawak (GPS) state government is committed to increasing the income of rural folks through modern agricultural activities

Jakarta (ANTARA) - The government has prepared a roadmap for developing the downstream palm oil industry to transform it into world's largest producer to weather volatility in crude palm oil prices, Coordinating Economic Affairs Minister Airlangga Hartarto stated.