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CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
CPO price strength could dissipate through end-2024, says BMI
Positive growth for plantation sector, amid rising CPO prices
Johor Port launches FGV Palm Industries’ inaugural export of certified palm kernel shells to Japan
30/05/2024 (The Malaysian Reserve) - JOHOR PORT Berhad (Johor Port), a member of MMC Group, witnessed FGV Palm Industries Sdn Bhd’s (FGVPI) maiden export of certified Palm Kernel Shells (PKS) to Japan.
Why are Perth bin lorries running on vegetable oil?
30/05/2024 (The Courier) - The Perth and Kinross Council vehicles are swapping diesel for vegetable oil. Council bosses are starting trials which will see Perth bin lorries run on vegetable oil instead of diesel.
Palm oil extends gains on better demand from key buyers
29/05/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures rose for a second consecutive session on Wednesday, as demand from top buyers India and China and strength in rival Dalian contracts underpinned the market.
Oil extractors told to pay minimum THB4.50 per kg for palm fruit
29/05/2024 (The Nation) - The Internal Trade Department has instructed palm oil extraction plants to buy palm fruit from farmers at the rate of at least 4.50 baht per kilogram to prevent prices from falling.
Genting Plantations posts 10% rise in 1Q earnings on higher palm product prices
29/05/2024 (The Edge Malaysia), Kuala Lumpur - Genting Plantations Bhd (KL:GENP) reported on Wednesday a 10.37% increase in its first quarter net profit on higher palm product prices, which offset the impact of lower sales volume in the downstream manufacturing segment.
ICE Review: Canola Makes a Recovery
29/05/2024 (Market Screener), Manitoba - Intercontinental Exchange canola futures finished higher on Wednesday, due to positive spillover from other vegetable oils.
Amaggi receives green light for B100 biodiesel test
29/05/2024 (Power Progress) - Amaggi, a Brazilian commodities company reported to be the world’s largest producer of soybeans, has received the first authorisation from the national government to start testing of B100 biodiesel in a river vessel.
Prices For Sunflower Oil in Ukraine And World Growing Due To Limited Supply
29/05/2024 (Open4Business) - In May, Ukrainian traders contracted 620 tons of Ukrainian sunflower oil for export, which is showing very fast growth, but in July-August, the export rate may slow down, according to the analytical cooperative “Start”, created within the framework of the All-Ukrainian Agrarian Council (AAC).
FGV slips into red with RM13.49mil net loss in Q1
28/05/2024 (New Straits Times), Kuala Lumpur - FGV Holdings Bhd slipped into the red in the first quarter ended March 31, 2024 (1Q24) with a net loss of RM13.49 million from a net profit of RM12.09 million, dragged by lower profits across most divisions. Its quarterly revenue declined marginally by 1.09 per cent to RM4.54 billion from RM4.59 billion a year ago, on the back of lower average crude palm oil (CPO) price.
