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CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
Worker shortage to hamper CPO output
PETALING JAYA: A prolonged labour shortage in the oil palm plantations nationwide is expected to trigger a larger-than-expected drop in crude palm oil (CPO) output both this year and next year, say analysts.
Dekel posts improvements in palm oil production and sales
West Africa-focussed agriculture company Dekel Agri-Vision updated the market on its production for the wholly-owned palm oil project at Ayenouan in Côte d'Ivoire for October on Tuesday, reporting that crude palm oil production and sales prices increased 19% and 28% year-on-year, respectively, to 1,818 tonnes and €636 per tonne.
Biodegradable plastics from palm oil waste
A biodegradable film made from waste from the palm oil industry could be used for food packaging Plastic pollution is a pressing environmental concern of the twenty-first century. So is the palm oil industry, which is linked to widespread deforestation and habitat destruction. Research published in Current Research in Green and Sustainable Chemistry may be able to put a dent in both issues, with a biodegradable plastic film made from palm oil production waste.
Element AI and PemPem announce collaboration to help improve traceability in Indonesian palm oil supply chains
Element AI, a global developer of artificial intelligence-powered (AI) solutions and software, today announced a collaboration with PemPem, a company that develops mobile-based enterprise resource planning technology for paper-based and informal supply chains. PemPem will integrate Element AI Document Intelligence features into its platform to assist Indonesian palm fruit traders (farmers, transporters, aggregators and processors) in verifying sales transactions. The technology will also help create a more sustainable palm oil supply chain in the region.
Crude palm oil futures dip 0.34% to Rs 885.50 per 10 kg in afternoon trade
In the futures market, Crude Palm Oil (CPO) for November delivery touched an intraday high of Rs 886.90 and an intraday low of Rs 878.80 per 10 kg on the MCX index.
Sime Darby Plantation appoints PwC, NGO experts to strengthen its human rights compliance
KUALA LUMPUR (Nov 10): Sime Darby Plantation Bhd (SDP) has appointed PricewaterhouseCoopers (PwC) and an independent international NGO specialising in migrant worker rights to further strengthen its human rights commitments and compliance.
Bangladesh market sees edible oil price rise
The prices of edible oils have witnessed yet another hike during the current week across the country, as a litre of bottled soybean oil is now being sold at Tk 115-120 at the retail level.
Bumitama 9M net profit jumps 48.8% on higher palm oil prices
BUMITAMA Agri Ltd has announced higher revenue and net profit for the first nine months of its 2020 fiscal year from a year ago, on higher prices of palm oil.
United Plantations' Q3 net profit rises to RM95.33mil, revenue at RM334.04mil
KUALA LUMPUR: United Plantations Bhd's net profit rose 58.4 per cent to RM95.33 million in the third quarter (Q3) ended September 30, 2020, from RM60.20 million recorded in the same period a year ago.
