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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
SE Asia Stocks-Most slip on trade uncertainty, new tariff threat
Most Southeast Asian stock markets lost ground on Wednesday, after U.S. President Donald Trump offered no new details on trade talks with China and warned Beijing of more tariffs if an interim deal was not struck.
India should have signed up for RCEP
Had India not pulled out at the last minute from signing the deal during the 3rd summit of the Regional Comprehensive Economic Partnership (RCEP) in Bangkok on November 4, the RCEP would have been the largest free trade area in the world so far—comprising of 16 Asia Pacific countries that house 3.4 billion people, and constituting one-third of the global gross domestic product (GDP) and 40 percent of global trade
First Resources posts 28.5% drop in 3Q earnings to S$38 mil
First Resources saw a 28.5% drop in its latest 3Q19 earnings, which came in at US$27.9 million ($38.0 million), compared to US$39.0 million in 3Q18.
CPO closes at 2-year high on better-than-expected MPOB data
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed at a two-year high at RM2,655 per tonne on Monday (Nov 11), analysts said.
The best is yet to come, says oil palm man
An association representing thousands of oil palm smallholders has voiced confidence that the price of palm oil will continue to rise even as it hits RM2,600 per tonne
First Resources Q3 profit falls 28.5% on weaker palm oil prices
FIRST Resources on Tuesday posted a 28.5 per cent drop in net profit to US$27.9 million for its third quarter ended Sept 30, from S$39 million a year ago, mainly due to weaker palm oil prices
55% of nation's oil palm plantation MSPO-certified
About 55% or 3.19 million hectares (ha) of oil palm plantations in Malaysia have received the Malaysian Sustainable Palm Oil (MSPO) certification as of Sept 30, said Primary Industries Minister Teresa Kok.
Important trade milestone
Agreement by 15 participants in the Regional Comprehensive Economic Partnership (RCEP) trade negotiations marks an important milestone.
Bumitama Q3 profit slips 29.7% on lower palm oil prices
NDONESIAN palm oil producer Bumitama Agri on Tuesday posted a 29.7 per cent decline in third-quarter net profit to 189.61 billion rupiah (S$18 million) from 269.89 billion rupiah a year ago
