Latest News

MARKET DEVELOPMENT
06-09-2022

Hajiji lauds Lahad Datu POIC Port's potential to be key transshipment hub

05/09/2022 (The Edge Markets) - The Lahad Datu Palm Oil Industrial Cluster (POIC) Port has the potential to become one of the main transshipment hubs in the region, said Sabah Chief Minister Datuk Seri Hajiji Noor.

OILS & FATS
06-09-2022

Pitfalls & Pitch Calls: An eye on China

05/09/2022 (The Edge Markets) - As Malaysia transitions from the pandemic phase to the endemic phase of Covid-19, the reopening of the economy has thrown up various challenges such as labour shortages in certain sectors and higher input prices from still-jammed supply chains globally along with transport and logistics bottlenecks. However, a positive first quarter GDP growth of 5% is welcome and 9.9% for the second quarter is great. Driving the growth in large part has been the recovery of consumption and export growth contributed by commodities such as oil and gas, crude palm oil and, by far the largest contributor to GDP growth, electrical and electronics (E&E) exports.

MARKET DEVELOPMENT
06-09-2022

World food commodity prices decline further in August, reveals FAO report

05/09/2022 (Gulf Business) - The barometer for world food commodity prices declined for the fifth consecutive month in August, as quotations for most benchmark items dropped, according to the latest report by the Food and Agriculture Organization of the United Nations (FAO).

MARKET DEVELOPMENT
05-09-2022

Curse of a wet La Nina

05/09/2022 (The Star Online), Alor Setar - Millions of jungle tree seedlings to replace those felled by loggers cannot be planted â€“ no thanks to incessant rain from a wet La Nina year that has made the hilly logging trails too slick with mud to be used safely.

MARKET DEVELOPMENT
05-09-2022

Indonesian, Japanese economic ministers discuss trade cooperation

04/09/2022 (Antara News) - Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto received Japanese Minister of Energy, Trade and Industry Nishimura Yasutoshi and they discussed trade and investment cooperation, Indo-Pacific Economic Framework (IPEF), and G20 Summit.

MARKET DEVELOPMENT
05-09-2022

Plantation sector earnings have peaked â€” Analysts

04/09/20222 (The Borneo Post) - Plantation sector earnings have peaked, AmInvestment Bank Bhd (AmInvestment Bank) opines, following the second quarter of 2022 (2Q22) results which were largely within consensus but above the research firmâ€™s expectations.

MARKET DEVELOPMENT
05-09-2022

Malaysian palm oil futures drop

04/09/20222 (Business Recorder) - Malaysian palm oil futures on Friday were set for a 6.5% weekly loss as fresh Covid-19 curbs in top buyer China added to demand worries, with expectations of higher output in Malaysia weighing on prices further.

MARKET DEVELOPMENT
05-09-2022

Surging price of palm oil sidelines Japanese power plant projects

04/09/2022 (The Asahi Shimbun) - With no end in sight to sky-high prices for palm oil, Japanese businesses have idled their power plants that burn it to generate electricity.

MARKET DEVELOPMENT
05-09-2022

Indonesiaâ€™s farmers yet to benefit from crude palm oil levy waiver

05/09/2022 (Asia News), Jakarta - The extension of the crude palm oil (CPO) export levy waiver, despite being successful in stabilizing CPO prices, has proved to be less effective in resolving the chronic issue of falling fresh fruit bunch (FFB) prices, which the government has been trying to tackle for the past few months.

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