Archived News

The US Department of Agriculture (USDA) expects increases in rapeseed harvests for the most important rapeseed-producing countries this year.

KOTA KINABALU (May 27): Growing up during the late 1980s, this writer used to visit his grandfather’s small oil palm estate in Batu Pahat, Johor, where his favourite activities were catching ikan puyu or the climbing perch fish and trapping burung wak-wak or white-breasted waterhen.

The price of cooking oil has shot up over the past 17 months, causing sunflower oil, a staple in South Africa, to become one of the most expensive oils – thanks to a shortage globally caused by poor harvests of oil producing crops such as sunflower, palm, soya, and canola last year.

SINGAPORE, May 27 - Malaysian palm oil futures fell more than 1% on Thursday as it tracked cheaper rival oils on the Chicago Board of Trade (CBOT) and the Dalian Commodity Exchange.

Malaysian palm oil futures fell for a fourth consecutive session on Monday, as they tracked losses in rival oils on the Chicago Board of Trade (CBOT) and the Dalian Commodity Exchange

US corn and soyabean futures fell on Monday as rains boosted recently planted crops across the US Midwest and as traders weighed future export demand following a flurry of corn purchases by China last week.

Genting Plantations Bhd reported a 30.2% year-on-year (y-o-y) decline in its first quarter ended March 31 net profit to RM63.73mil, while revenue for the quarter also fell y-o-y to RM536.58mil.

The plantation conglomerate, which posted a significant jump in Q3’FY21 earnings on higher CPO prices, remains positive on the prospects of its upstream profit in the upcoming quarter due to the prevailing high CPO price

Euronext wheat fell on Monday, tracking a sharp decline in Chicago futures as an improving outlook for the US winter wheat crop eased concerns about tight supplies.

CBOT wheat may test a support at $6.62 per bushel, a break below which could open the way towards the range of $6.44-3/4 to $6.51-1/4.

KUALA LUMPUR: Boustead Plantations Bhdh is allocating RM115mil as capital and replanting expenditure for 2021 to strengthen its long-term prospects, chief executive officer Ibrahim Majid said.

Hap Seng Plantations Bhd posted a net profit of RM29.37 million in the first quarter ended March 31, 2021 (1QFY21), compared with a net loss of RM6.02 million a year earlier, due to higher average crude palm oil (CPO) and palm kernel (PK) prices.