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CPO prices to consolidate at RM4,000 to RM4,300
CPO Futures Close Higher On Stronger Crude Oil Prices Amid US-Iran Conflict
CPO Futures Set To Trade Higher Next Week On Rising Crude Oil Prices
Indonesia Cuts September Palm Oil Export Tax to 13.5%
30/08/2012 (Bloomberg) - Indonesia will cut its tax on exports of crude palm oil to 13.5 percent in September, the lowest rate this year, from 15 percent this month as prices of the commodity declined.
Privatised Oil Palm Estates To Create 900 Jobs, Revenue
30/08/2012 (THISDAY Live) - Malaysian palm oil giant, Wilmar Nigeria Limited, has been advised to manage the Ibiae and Calaro Oil Palm Estates in Cross River State successfully, to generate revenue and create 900 jobs for youths of the host communities.
CIMB Group Holdings Bhd : Sime Darby Plans Higher Capex As FY12 Profit Hit Record High
30/08/2012 (4-traders) - Sime Darby Bhd. (4197.KU), a Malaysian plantation-to-healthcare conglomerate, plans to increase capital spending to as much as 7.75 billion ringgit ($2.48 billion) for the 2013 fiscal year, optimistic of long-term demand for its edible oil and industrial equipment after profit hit record high a year earlier.
KL Kepong Q3 Earnings Slump 46% To RM233M
30/08/2012 (The Star) - Kuala Lumpur Kepong Bhd's (KLK) earnings fell 46.1% to RM233.08mil in the third quarter ended June 30, 2012 from RM432.76mil a year ago as plantations profit fell by more than half.
Sime Darby Plans US$1.5B Islamic Bond
30/08/2012 (Business Times) - Sime Darby Bhd, the world’s biggest listed palm-oil producer, is planning its first multi-currency Islamic bond program of as much as US$1.5 billion in Malaysia to raise funds for capital expenditure.
VEGOILS-Palm Oil Slides, Stock Build in Focus
29/08/2012 (Reuters) - Malaysian crude palm oil futures slid on Tuesday as investors took profit after the market hit a six-week high the previous session, with traders watching for a big stocks build-up to weigh on prices.
Global Ventures Hit By CPO Prices, Profit Down
29/08/2012 (The Star) - Felda Global Ventures Holdings Bhd (FGVH) made a net profit of RM188.4mil, or 5.20 sen per share, for its second quarter ended June 30, 32.5% lower than the net profit of RM279.3mil, or 15.80 sen per share, for the same period a year earlier.
Agriculture Contributed 8 Pct To Sarawak’s Economy Last Year
29/08/2012 (Borneo Post) - The agriculture sector, including fisheries and livestock, contributed 8 per cent to Sarawak’s economy last year with revenue totalling RM4 billion.
FGV Declares 5.5 Per Cent In Interim Dividends
29/08/2012 (Bernama) - Only two months after listing, Felda Global Ventures Holdings Bhd (FGV) has declared interim dividends of 5.5 sen per share amounting to a payout of RM400 for each of the settler.
