Archived News

KUALA LUMPUR: Malaysian palm oil futures rose to a seven-week high on Monday on the back of a rally in rival oilseeds, but cargo surveyor data showing a decline in February exports capped gains.

KUALA LUMPUR: Exports of Malaysian palm oil products for February fell 8.15% to 1,000,854 tonnes from 1,089,702 tonnes shipped during January, according to independent inspection company AmSpec Agri Malaysia on Monday.

PETALING JAYA: Sime Darby Plantation Bhd (SDP) has established an expert stakeholder human rights assessment commission and has appointed ethical trade consultant, Impactt Ltd as its third-party assessor, to conduct a comprehensive evaluation of SDP’s labour practices across its Malaysian operations.

KUALA LUMPUR, March 1 - Malaysian palm oil futures climbed on Monday to a seven-week high, tracking strength in rival soyoil and crude, although cargo surveyor data showing a decline in February exports weighed on the market.

HIGHER crude palm oil (CPO) prices in the second half of 2020 contributed to an improvement in Golden Agri-Resources' revenue and profits for its H2 FY2020 ended December. Golden Agri said prices are likely to be sustained throughout this year, which could in turn translate to higher revenue.

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.