Archived News

FGV Holdings Bhd’s (FGV) recently installed a biogas power plant at its Triang palm oil mill in Bera, Pahang, the company’s biggest renewable energy biogas power plant to date.

Notwithstanding Dragon’s assiduous attempts to divide ASEAN in which it succeeded earlier; the signs of resilience in the group are now palpable. Beijing’s dislike for multilateral forums is well known. In the past, it had rejected discussions on the Chinese claims in the South China Sea (SCS) suggesting that the issue is bilateral and therefore multilateral forums like Association of South East Nations (ASEAN) should not take it up

KUALA LUMPUR (Oct 27): The Covid-19 pandemic is unlikely to have any further severe impact on the demand for vegetable oil, including palm oil.

PETALING JAYA: Crude palm oil (CPO) prices are expected to increase on the back of demand recovery from India and China as well as a decline in supply due to a labour shortage.

KUALA LUMPUR (Oct 27): Palm oil demand from India and China is expected to grow in 2021, said CGS-CIMB head of research and regional head of agribusiness Ivy Ng.

KUALA LUMPUR (Oct 27): Higher palm oil prices could be on the cards if a more severe La Niña weather pattern continues into the first half of 2021 (1H21).

KUALA LUMPUR, Oct 27 — The crude palm oil (CPO) futures are likely to stay supported at RM2,800-RM2,900 per tonne and can go back to the RM3,000 level if production is lower in October and November, according to Singapore-based Palm Oil Analytics’ owner and co-founder, Sathia Varqa.

Crude palm oil (CPO) prices in 2020 are likely to be significantly better than Fitch Ratings’ earlier expectations, due mainly to a slower-than-expected recovery in yields.

Fitch Ratings-Singapore/Jakarta-27 October 2020: Crude palm oil (CPO) prices in 2020 are likely to be significantly better than Fitch Ratings' earlier expectations, due mainly to a slower-than-expected recovery in yields. This should result in higher EBITDA and lower leverage for rated companies. We now assume benchmark CPO prices to average around USD600/tonne(t) in 2020 (2019: USD514/t), compared with our earlier forecast of USD520/t.

KUALA LUMPUR (Oct 27): Malaysia's crude palm oil (CPO) prices have shown a significant uptrend at above the RM3,000 per tonne level, the highest level in 2020, driven by high global demand from major buyers including India and China.

AFTER at least three years of speculation, Tan Sri Syed Mokhtar Albukhary has finally made his move on FGV Holdings Bhd.

PETALING JAYA: Palm oil prices are expected to remain relatively elevated in the coming months, before averaging slightly lower than current prices over the rest of the year, according to Fitch Solutions.