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AI boom is turning Malaysia’s palm oil estates into data centres
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
CPO Futures Snap Two-Day Gains To Close Lower
Nebraska Celebrates Renewable Fuels Month This May
05/05/2024 (Rural Radio) - Renewable Fuels Month highlights the importance of renewable biofuels, such as ethanol and biodiesel, especially for Nebraskans. The month of May marks the beginning of the summer driving season, making it an ideal time to fuel up on clean and cost-saving biofuels. Ethanol, renewable diesel and biodiesel help to decrease America’s dependence on foreign oil, boost our nation’s economy, and support thousands of jobs in rural communities.
Sabah must push for expansion of downstream palm oil sector, says Deputy Minister
30/04/2024 (The Star), Kota Kinabalu - Sabah's palm oil industry needs to urgently expand its downstream sector to bridge the gap with counterparts in Peninsular Malaysia, says Datuk Chan Foong Hin.
Main Market debutante MKH Oil Palm anticipates stronger margins this year on lower fertiliser costs
30/04/2024 (The Edge Malaysia), Kuala Lumpur - MKH Oil Palm (East Kalimantan) Bhd (MKHOP), fresh off its Main Market debut on Tuesday, is anticipating a reduction of fertiliser costs this year, which will have a positive impact on the company's margins and its bottomline.
Palm oil slips 2% on expectations of weak export data
30/04/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures fell on Tuesday after gaining for two consecutive sessions, weighed by expectations of lower exports in the world's second-biggest producer and weak Chicago soyoil prices.
Rimbunan Sawit expects bumper crop in FY2024, FFB production to grow 40%
30/04/2024 (The Edge Malaysia), Kuala Lumpur - Rimbunan Sawit Bhd is expecting around 40% increase in its fresh fruit bunches (FFB) production for the current financial year ending Dec 31, 2024 (FY2024) and is anticipating higher crude palm oil (CPO) prices for the year due to growing demand.
India's Adani Wilmar posts Q4 profit jump on strong edible oil demand
01/05/2024 (Reuters), Bengaluru - India's Adani Wilmar (ADAW.NS), opens new tab reported a 67.5% rise in its fourth-quarter profit on Wednesday, helped by higher demand for its edible oil and softer raw material costs.
Palm oil extends gains for 2nd session but higher output estimates cap rise
29/04/2024 (XM), Kuala Lumpur - Malaysian palm oil futures rose for a second consecutive session on Monday, underpinned by strength in rival Dalian and Chicago oils, although estimates of higher output capped gains.
Palm planters seek replanting tax incentive
29/04/2024 (The Star Online), Kuala Lumpur - The Malaysian Palm Oil Association (MPOA) has called for government support in the form of a replanting tax incentive in efforts towards addressing the financial barrier to replanting old age palm trees nationwide.
MPOC committed to advancing palm oil industry, supporting smallholders
29/04/2024 (New Straits Times), Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) is firmly committed to advancing the national palm oil industry and supporting smallholders in Malaysia.
