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Malaysia raises palm oil export duty for April
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Middle East conflict boosts demand for alternative fuels
Palm falls on weak rival oils, crude oil prices, April demand concerns
KL Kepong posts 29pct lower net profit in Q3
17/08/20222 (New Straits Times) - Kuala Lumpur Kepong Bhd's (KLK) net profit decreased 28.8 per cent to RM558.27 million in the third quarter (Q3) ended June 30, 2022 from the RM783.94 million recorded in the same quarter a year ago.
Nearness to roads and palm oil mills a key factor in peatland clearing by smallholders
16/08/2022 (Mongabay), Jakarta - Smallholder farmers in Sumatra who cultivate oil palms are more likely to expand their farms into carbon-rich peat forests the closer they are to roads and palm oil mills, a new study finds.
CPO futures close higher
16/08/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives rebounded to close higher on Tuesday on the back of stronger soybean oil prices during the Asian hours, a dealer said.
Palm oil neutral in 4,085-4,269 ringgit range
16/08/2022 (Business Recorder), Singapore - Palm oil looks neutral in a narrow range of 4,085 ringgit to 4,269 ringgit per tonne, and an escape could suggest a direction.
Palm recoups losses as ringgit hits 5-1/2-year low
16/08/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures rose more than 3% on Tuesday after falling to their worst session in a month, as the ringgit hit its lowest in five-and-a-half years, making the vegetable oil cheaper for buyers holding other currencies.
Fima Corp sees 1Q net profit jump over four-fold
16/08/2022 (The Edge Markets), Kuala Lumpur - Fima Corp Bhd's net profit for the first quarter ended June 30, 2022 (1QFY23) surged more than four-fold to RM11.55 million from RM2.34 million, in line with higher revenue contributions mainly from oil palm production and processing, and the production and trading of security and confidential documents.
State govt terminates MoU with oil palm company
17/08/2022 (Nagaland) - State government has terminated the Memorandum of Understanding (MOU) with Andhra Pradesh-based M/s Shivasais Oil Palm Private Limited, which was signed in 2014, after the company failed to set up collection centres within the allotted clusters and purchase fresh fruit bunches (FFBs) from the farmers before setting up the mill.
Expanded exports boost Indonesia's, Malaysia's COVID impact recovery
16/08/2022 (China Daily) - Amid rising global commodity prices, Indonesia and Malaysia have expanded their exports, which has helped with recovery from the impacts of the COVID-19 pandemic, according to analysts.
BRIN develops eco-friendly energy sources to cut emissions
16/08/2022 (The Edge Markets) - Thai instant noodle makers petitioned the government on Tuesday to let them raise retail prices for the first time in 14 years, saying higher production costs have cut their returns.
