Archived News

akarta (ANTARA) - In the framework to run the direction of the President Joko Widodo (Jokowi) regarding the Grand National Energy Strategy for energy transformation and strengthening green economy, green technology and green products, PT Pertamina (Persero) continues to prioritize various energy transition programs towards new and renewable energy by utilizing the abundant energy sources in Indonesia and optimize the infrastructures of existing business.

JAKARTA (May 18): Palm oil surged about 5% to end near a record high as soybean oil powered to its highest level since 2008 and industry participants anticipated a drop in production in second-biggest grower Malaysia.

KUALA LUMPUR, May 18 - Malaysian palm oil futures bounced back on Tuesday as lower output in Malaysia and smaller-than-expected U.S corn plantings reignited concerns over global edible oil supply.

TECHNOLOGICAL innovation is crucial to ensure sustainability and competitiveness of the country's oil palm sector. Hence, Malaysian Palm Oil Board (MPOB) continues to develop innovative technologies to be commercialised, aimed at enhancing the country's oil palm sector.

SINGAPORE: Palm oil may rise to 4,369 ringgit per tonne, as it has stabilized around a support at 4,195 ringgit.

PETALING JAYA: Investors should seize the opportunity to go long and ride this new commodity upcycle by looking into stocks with strong pricing power and attractive valuation, according to TA Research.

MUMBAI, May 18 (Reuters) - Indian farmers are likely to expand their soybean planting area by more than a tenth in 2021 as record high prices for the oilseed could prompt some to switch from cultivating competing commodities such as cotton and pulses, industry officials said.

KUALA LUMPUR (May 18): Sime Darby Plantation Bhd’s foreign shareholding rose for the second consecutive month to 9.34% in April 2021 from 9.32% in the preceding month, according to the latest updates on the oil palm planter’s website.

On Tuesday, the CME Group’s farm markets closed mixed. At the close, the July corn futures closed 5¾¢ higher at $6.58¾. New-crop September futures finished 4½¢ higher at $5.71. December corn futures ended 6¢ higher at $5.43¾.

JAKARTA • Palm oil declined amid prospects for weakening demand from India, the top buyer, where large parts of the nation remained under local lockdowns to fight the world’s worst outbreak of Covid-19.

KUALA LUMPUR (May 17): Malaysian palm oil is losing its price competitiveness, said Maybank Kim Eng Research, citing creeping imports and declining exports.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Monday, tracking the weaker soybean oil performance on the US Chicago Board of Trade (CBOT) during the Asian hours trading session.