Archived News

BOUSTEAD Plantations Bhd (BPlant), much like its peers, posted a strong financial third quarter (3Q) driven by higher selling prices of its edible oils and fruit production.

JAKARTA: The fallout from the coronavirus pandemic has presented Indonesia with the opportunity to work toward energy security and switch from conventional to renewable sources, officials have said.

KUALA LUMPUR (Nov 24): Analysts have raised Sime Darby Plantation Bhd (SDP) earnings forecast to reflect higher upstream contribution amid improving crude palm oil (CPO) prices.

SYDNEY, Nov 24 (Reuters) - U.S. soybean futures fell for the first time in eight sessions on Tuesday as traders booked profits after prices hit a more than four-year high, although concerns about global production provided a floor to losses.

KUALA LUMPUR: Malaysian palm oil futures reversed early losses to rise 1% on Monday, as concerns over declining output outweighed shrinking November exports and losses in rival Dalian oils. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange rose 42 ringgit, or 1.28%, to 3,330 ringgit ($814.58) a tonne.

MOODY’S Investors Service has raised its medium-term price sensitivity range for crude palm oil (CPO) to between RM2,200 and RM2,600 per tonne over the next 12 months, with a midpoint of RM2,400 due to continued supply constraints.

CHINA and 14 Asia-Pacific countries signed a major trade pact known as Regional Comprehensive Economic Partnership (RCEP). Chinese President Xi Jinping said China will not seek to disassociate itself with US economy and pledges to cut tariffs. He reassured of gradually opening the door for China to integrate with its global bilateral partners.

Global food corporation Cargill is significantly expanding its segregated palm oil capacity in order to help its customers meet their sustainability commitments, the company says. Previously, Cargill offered its North American customers mass-balanced sustainable palm oil, but its new offering in North America meets stricter certification standards for Roundtable for Sustainable Palm Oil (RSPO).

KUCHING: The Sarawak Oil Palm Plantation Owners Association (Soppoa) has called upon the state and federal governments to allow for a consignment of relief foreign workers to enter the state.

Retno Marsudi, the Indonesian Foreign Minister, has highlighted the issue of product discrimination against Indonesian palm oil by the European Union.

KUALA LUMPUR (Nov 20): The Malaysian Palm Oil Association (MPOA) today slammed a recent news report by the Associated Press (AP), which detailed instances of sexual abuse and exploitations of female plantation workers at palm oil estates in both Malaysia and Indonesia, saying it was exaggerated and the stuff of anti-palm oil propaganda.

New Delhi: Edible oil prices such as groundnut, soybean, sunflower and palm oil have risen by 20-30% over the last one year in India, due to recovery in demand in the country and labour shortage in producing countries due to the coronavirus pandemic, said reports.