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Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
CPO prices seen at RM4,400-RM4,600 on tighter supply
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
TSH Resources ends 2019 on a higher note, proposes one sen dividend
KUALA LUMPUR (Feb 27): Sabah-based plantation firm TSH Resources Bhd's net profit surged 76.8% to RM18.41 million in the fourth quarter ended Dec 31, 2019 (4QFY19), from RM10.41 million a year ago, buoyed by higher oil palm production growth and favourable crude palm oil (CPO) selling prices.
Biodiesel price changes applied Friday
The Oil Fuel Fund Office (Offo) has lowered the biodiesel B10 price by another 50 satang per litre from Friday to increase local consumption and nudge Thai motorists away from B7.
Malaysian palm oil up
Malaysian palm oil futures rose on Thursday after the second largest palm producer announced a long-awaited economic stimulus package to counter the impact of the coronavirus outbreak.
Malaysian exporters generates RM566m sales at Gulfood, Dubai
KUALA LUMPUR: The 103 Malaysian exporters that participated in the food and beverage (F&B) trade fair, Gulfood in Dubai recently, generated RM566 million in sales throughout the event held from Feb 16-20.
Argentina's likely export curb move to benefit US soybean meal: sources
New Delhi — Argentina's surprise move to suspend export registrations Wednesday fueled market expectations of imminent tariff hike on soybean, soybean meal and soybean oil exports, with the industry expecting the move to benefit US soybean meal exports over soybeans.
Techbond collaborates with MPOB in pioneering palm oil-based industrial adhesives
KUCHING: Techbond Group Bhd’s (Techbond) wholly owned subsidiary Techbond Greentech Sdn Bhd (TGSB) has on February 26, 2020 entered into a collaboration agreement with the Malaysia Palm Oil Board (MPOB) for the technical expertise and technology know-how transfer from MPOB in relation to a process to produce polyols from palm oil.
Indonesian government plans to raise palm oil export levy: minister
Indonesia’s chief economic minister, Airlangga Hartarto, said on Wednesday the government plans to increase palm oil export levies to support expansion of its palm biodiesel program.
VEGOILS-Palm oil firms on bargain buying, but coronavirus worries cap gains
KUALA LUMPUR, Feb 26 - Malaysian palm oil futures opened higher on Wednesday on bargain-buying and a weaker ringgit, but concerns over sharp rises in coronavirus infections beyond China limited the gains.
Genting Plantations pays 9.5 sen after 4Q net profit jumps fourfold
KUALA LUMPUR (Feb 26): Genting Plantations Bhd has posted a fourfold jump in net profit to RM61.69 million in the fourth quarter ended Dec 31 (FY19), from RM14.27 million in the year-ago quarter, supported by higher crude palm oil (CPO) prices.
