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FGV Holdings Bhd expects its core business of oil palm cultivation to continue to be impacted by the insufficient workforce at its plantations coupled with anticipated volatility in crude palm oil (CPO) prices.

SINGAPORE: Palm oil may test a resistance at 3,834 ringgit per tonne, a break above which could lead to a gain to 3,888 ringgit. The pattern from the Jan. 6 high of 3,888 ringgit looks like a big flat, which consists of three waves that are roughly equal in length. The current wave B could travel to around 3,888 ringgit, where the wave A started. This wave B will be reversed by a downward wave C.

KUALA LUMPUR (Feb 26): Plantation giant FGV Holdings Bhd saw its net profit for the fourth quarter ended Dec 31, 2020 (4QFY20) increase by 87.9% year-on-year (y-o-y) to RM134.93 million from RM71.81 million for 4QFY19.

KUALA LUMPUR: A group of researchers from the Malaysian Palm Oil Board (MPOB) led by Dr. Mohd Azwan Mohd Bakri has invented a three-wheeled utility farm vehicle.

Local refiners have demanded yet another hike in the mill gate prices of edible oils, sources said. Following a meeting with the refiners only 10 days back, the Ministry of Commerce (MoC) raised the prices of all types of edible oils in view of the substantial increase in their international prices in recent months.

Soap noodles market to grow at 3% CAGR over the timeframe. Soap manufacturers have upped their efforts in purchasing the soap noodles and adding the pigments, flagrances, flavor and other components to have a competitive edge in the market. Use of soap noodles as the main ingredient in the production of soap bars is likely to be witnessed in the next few years.

CANBERRA, March 1 (Reuters) - U.S. soybeans rose 1% on Monday, rebounding from a one-week low touched in the previous session, as expectations of strong Chinese demand lifted prices.

The All Pakistan Paper Merchants Association (APPMA) has proposed to Federal Finance Minister 10% customs duty on H.S code 48 and requested to abolish 7% additional customs duty in the federal budget for 2021-22 to boost export business and promote cheap education in the country.

Edible oil prices have been constantly rising in India over the past 10 months and have registered an average 60 per cent difference since April 2020. Oil companies anticipate a further increase of up to ₹30 in the next two to three months.

China is part of RCEP, whose members make up 30% of the world's economic output, and is eyeing access to the CPTPP. The U.S. withdrew itself from the predecessor of the CPTPP under then-President Donald Trump

IJM Corp Bhd’s net profit for the third quarter ended Dec 31,2020 almost tripled to RM144.5mil, thanks to higher crude palm oil (CPO) prices and improved sales from its property development segment.

A move to increase coco biodiesel blend to five percent will translate into significant cost savings for motorists, according to a petroleum and biofuel expert