Archived News

THE takeover of IJM Plantations Bhd by Kuala Lumpur Kepong Bhd (KLK) will not lead to a rerating of the plantation sector given KLK has cemented its position as one of the biggest players in the sector while factors like environmental, social, and governance (ESG) remain a major investment thematic.

The government should fix the ceiling price of bottled cooking oil for local consumption to prevent excessive price hikes, said Asia e University’s economic analyst, Prof Datuk Dr Shazali Abu Mansor.

The Indonesian palm oil association (GAPKI) is urging oil palm plantations to tighten Covid-19 protocols in the country’s top-producing province of Riau after a surge in infections in the area, an official at the industry body said.

They want changes in the agreement. It is possible there is an anomaly in this particular agreement, but India needs to plug into global supply-chains rather than build tariff walls around itself. As Kant says, in the globalised economy, multi-lateral trade agreements and FTAs are a reality, and bilateral trade relations will co-exist

Palm oil may test a support at 3,738 ringgit per tonne, a break below could open the way towards the range of 3,495 ringgit to 3,635 ringgit.

Malaysian palm oil futures reversed early gains on Thursday to close at their lowest in seven weeks, as concerns over weaker June partial exports outweighed smaller-than-expected inventories at the end of May.

Malaysia's palm oil production and exports missed industry expectations in May, while domestic consumption surged, data released by the Malaysian Palm Oil Board or MPOB showed June 10.

CB Industrial Product Holdings Bhd’s first quarter net profit rose 51.2% to RM18.58 million from RM12.29 million a year ago, mainly due to higher contribution from its palm oil equipment and engineering segment, and palm oil plantations segment, as well as on improved share of results of associates and joint ventures.

Malaysian crude palm oil (CPO) stocks continued to rise in May 2021, growing 7.15 per cent to 841,464 tonnes from 785,308 tonnes the month before, said the Malaysian Palm Oil Board (MPOB).

Oilseed and vegetable oil markets are expected to remain tight in 2021-22, and that means continued high prices, say international analysts.

As the fuel industry becomes a bigger buyer of vegetable oils, the prices for those oils — from soybean to canola to palm — have doubled and in some cases tripled over the past year. Faced with the sudden increases in input costs, companies in the food, beverage and foodservice industries have some cost-effective options.

There are around 2.5 million smallholders within the country - a formidable asset to the industry. Yet many independent smallholders - whether due to geographic isolation, a lack of access to other supply chain actors, or the absence of supporting organisations - do not have access to structured training or other reliable sources of knowledge on palm oil farming.