Latest News

MARKET DEVELOPMENT
21-11-2022

Palm oil logs 10pc weekly slump on stronger ringgit

18/11/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures fell on Thursday, clocking the sharpest weekly decline of 10 percent in four months, weighed by a stronger ringgit and demand worries.

OILS & FATS
21-11-2022

Indonesia, China ink $2.6b palm oil, fishery trade deals

20/11/2022 (The Daily Star) - China has signed a US$2.6 billion worth of commitment to purchase crude palm oil (CPO) and its derivative products from Indonesia, allowing the archipelagic country to secure a trade boost from its number-one trading partner amid global recession.

OILSEEDS
21-11-2022

Oil Palm cultivation facing odds, farmers seek remunerative price

21/11/2022 (Deccan Chronicle) - Oil palm farmers in Andhra Pradesh are unwilling to continue the cultivation due to poor prices and are requesting the government to provide Rs 20,000 per tonne as remunerative price against the present Rs 10,000.

OILS & FATS
21-11-2022

RSPO tells Sime Darby Plantation to carry out action plan to address weaknesses

18/11/2022 (The Edge Markets), Kuala Lumpur - The Roundtable on Sustainable Palm Oil (RSPO) has required Sime Darby Plantation Bhd (SDP) to complete an action plan over the next six months to address the weaknesses identified in its existing systems and processes.

MARKET DEVELOPMENT
21-11-2022

Malaysian firms to see moderate 3Q earnings amid unabated economic headwinds

18/11/2022 (The Edge Markets), Kuala Lumpur - With the 3Q corporate earnings reporting season kicking off, investors are wondering which sector will wrap the year big.

OILS & FATS
21-11-2022

No near-term catalysts seen for plantation sector

19/11/2022 (The Star Online) - THE plantation sector does not appear too compelling at the moment as there are no significant catalysts in sight.

OILS & FATS
21-11-2022

Malaysia's trade keeps growth momentum, first 10 months of 2022 beats same period in 2021

17/11/2022 (News Straits Times) - Malaysia has maintained its growth momentum with trade, exports and imports registering the highest monthly value for the month of October.

OILS & FATS
17-11-2022

MPOC urges EU to recognise Malaysian Sustainable Palm Oil standards

16/11/2022 (The Edge Markets), Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) has welcome the European Union’s (EU) Deforestation Regulation, aimed at stemming the importation of commodities including beef, cocoa, palm oil and soy into the EU market which may cause deforestation in producer countries.

OILS & FATS
17-11-2022

Planters to register weaker performance due to lower palm oil prices

16/11/2022 (The Malaysian Reserve) - PLANTERS will likely register a weaker performance, both quarter-on-quarter (QoQ) and year-on-year (YoY), in their upcoming quarterly results on the back of lower palm oil prices, said a local research house.

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