Latest News

OILS & FATS
28-10-2022

WTK buys plantation firm, oil palm mill in Sarawak for RM250 mil

27/10/2022 (The Edge Markets), Kuala Lumpur - WTK Holdings Bhd is buying a plantation company and palm oil mill in Sarawak for a total of RM250 million in a related party transaction (RPT).

OILS & FATS
28-10-2022

Facts About The Africa Palm Oil Initiative (APOI) & The Evolution And Expansion To The Africa Sustainable Commodity Initiative (ASCI)

27/10/2022 (Africa.com) - Globally, 1.6 billion people depend on forests for their jobs and livelihoods, while in many African countries 50–60% of the population work in agriculture. However, the Food and Agriculture Organization (FAO) estimates that the rate of deforestation between 2015 and 2020 was 10 million hectares per year; with agricultural commodities such as palm oil, rubber and cocoa being one of the leading drivers.

OILS & FATS
28-10-2022

Palm rebounds to catch up with U.S. soyoil prices

28/10/2022 (Hellenic Shipping News) - Malaysian palm oil futures rose on Thursday, narrowing a gap with U.S. soyoil after recent rallies, while higher crude oil prices also lent support.

OILS & FATS
27-10-2022

Sime Darby Plantation aims for higher oil yield

26/10/2022 (The Star Online), Petaling Jaya - Sime Darby Plantation Bhd’s GenomeSelect (GS) seeds offer a promising future for the group, even though they are still in its nascent stages.

OILS & FATS
27-10-2022

Downgrade pressure on plantation sector has stabilised, says Bursa's research arm

26/10/2022 (The Edge Markets), Kuala Lumpur - The downgrade pressure on the plantation sector as tracked by the Bursa Malaysia Plantation Index appears to have stabilised following the sector's recent rebound.

MARKET DEVELOPMENT
27-10-2022

Ringgit up against US dollar for second consecutive day

26/10/2022 (The Edge Markets), Kuala Lumpur - The ringgit closed higher against the greenback for the second consecutive day on Wednesday (Oct 26), as weaker US consumer data lifted hopes that the US Federal Reserve (Fed) would soften its monetary stance of aggressive interest rate hikes.

MARKET DEVELOPMENT
27-10-2022

Bursa gets boost from election, Wall Street's rally

26/10/2022 (News Straits Times), Kuala Lumpur - Bursa Malaysia rebounded to trade higher on Wednesday, with buying interest sparked by election play and the Wall Street's rally after a slew of stronger-than-expected corporate earnings.

OILS & FATS
27-10-2022

Indonesia sends cars to volcanic highlands for biodiesel tests

26/10/2022 (The Edge Markets) - Indonesia, the world’s biggest palm oil producer, is testing to see whether vehicles can run effectively on diesel blended with 40% cooking oil, and if it works well at higher altitudes. A successful outcome would shift more local supply toward biofuel and curb exports.

OILS & FATS
27-10-2022

Indonesia testing efficiency of cars that run on cooking oil at high altitudes in drive towards greener vehicles

27/10/2022 (South China Morning Post) - Indonesia, the world’s largest palm oil producer, is testing to see if vehicles can run effectively on diesel blended with 40 per cent cooking oil, and if it works well at higher altitudes. A successful outcome would shift more local supply toward biofuel and curb exports.

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