Archived News

KUALA LUMPUR: CGS-CIMB has maintained its “neutral” rating on the country’s agribusiness sector following mixed indicators in the crude palm oil (CPO) stocks, production and exports. A survey by CGS-CIMB Futures said Malaysia’s CPO output up 6.8% month-on-month (m-o-m) to 1.52 million tonnes in April 2021, while palm oil exports likely grew 12.5% m-o-m based on export statistics by cargo surveyors.

THE country’s crude palm oil (CPO) inventory is expected to ease in April to around 1.5 million tonnes compared to the 2.04 million tonnes in the same month last year, despite production starting to ramp up.

KUALA LUMPUR: Palm oil fluctuated as investors weighed the bullish impact of the relentless rally in global farm commodities with increasing stockpiles of the tropical oil in second-biggest grower Malaysia.

KUALA LUMPUR (May 5): Malaysia's palm oil stockpile in April likely inched lower despite production rising to a six-month high, hampered by robust exports and plummeting imports, a Reuters survey showed on Wednesday.

KUALA LUMPUR (May 5): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) closed mostly higher today, lifted by positive sentiment over strong export demand, palm oil trader David Ng said.

SINGAPORE: Palm oil is poised to break a resistance at 4,098 ringgit per tonne and rise into a range of 4,130-4,169 ringgit.

PETALING JAYA: Sarawak Oil Palms Bhdhttps://cdn.thestar.com.my/Themes/img/chart.png (SOP) would be one of the key beneficiaries of a sustained higher crude palm oil price (CPO).

When considering the near-term fundamentals, the soybean market remains overbought, and a turn down in vegetable oil prices might spark a significant correction.

PETALING JAYA: Fraser & Neave Holdings Bhd (F&N) has identified rising commodity price pressures, which have accelerated since last year amid the Covid-19 pandemic, as a key challenge for the sector.

The prices of edible oils, including the bottled soybean, have witnessed a fresh hike just in a week, thus amplifying woes of low-income consumers.

PETALING JAYA: Planters are reiterating their calls for the government to seriously address the current high tax structure, labour shortage and loss of market access, which are affecting their competitiveness in the global market.

India on Tuesday began experimenting with doping diesel with a small portion of biodiesel extracted from leftover cooking oil in kitchens to cut reliance on imports as well as reducing carbon emissions. Diesel, India's most used fuel, is made from crude oil, for which the nation is 85 per cent dependent on imports. Imports can be reduced if a portion of diesel extracted from fossil oil is supplemented by an equally combustible diesel. Bio-diesel that can be produced from vegetable oil, animal fat, tallow and waste cooking oil, Indian Oil Corporation (IOC)