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MARKET DEVELOPMENT
30-08-2021

Malaysiaâ€™s business, trade activities to pick up in 2H

The research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) recapped that Malaysiaâ€™s total trade grew at slower pace of 13 per cent year on year (y-o-y) in July 2021, attributable mainly to weaker exports.

MARKET DEVELOPMENT
30-08-2021

MPOB: Palm oil industry remains resilient under MCO

Malaysiaâ€™s oil palm industry remains resilient during the movement control order (MCO) and the National Recovery Plan (NRP) currently being implemented nationwide as the agriculture sector continues to be one the main contributors to the countryâ€™s Gross Domestic Product (GDP) growth during the Covid-19 pandemic.

MARKET DEVELOPMENT
30-08-2021

Palm oil falls

Malaysian palm oil futures fell more than 1% on Friday, weighed by weaker Dalian and Chicago soyoil prices, although the contract posted a weekly gain helped by concerns around tight global edible oil supplies.

MARKET DEVELOPMENT
30-08-2021

CPO futures to see technical correction with downside bias next week

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to see technical correction but on a downside bias in the upcoming holiday-shortened trading week.

MARKET DEVELOPMENT
30-08-2021

Indonesia Sept crude palm oil export reference price, export tax set higher

Indonesia set its crude palm oil (CPO) export reference price 13% higher in September, Musdhalifah Machmud, the deputy minister for food and agriculture, told Reuters on Friday.

MARKET DEVELOPMENT
30-08-2021

Food import bill up 22pc in fiscal yearâ€™s first month

Pakistanâ€™s food import bill grew by 22.24 per cent to $647.036 million in July compared to $529.311m of the first month of last financial year, according to the data released by the Pakistan Bureau of Statistics (PBS) on Thursday.

MARKET DEVELOPMENT
27-08-2021

Palm oil closes at over one-week high on global supply worries

Malaysian palm oil futures closed at a more than one-week high on Thursday due to concerns over tight edible oil supply worldwide, though weak August exports and a firmer ringgit capped gains.

MARKET DEVELOPMENT
27-08-2021

Indonesia's B40 biodiesel plan faces new delay due to palm price

JAKARTA (Aug 26): Indonesia's plans to raise the mandatory bio-content in its palm oil-based biodiesel to 40% may face further delays, after the high price of the vegetable oil has made the programme too costly, a senior government official told Reuters.

MARKET DEVELOPMENT
27-08-2021

Sarawak Oil Palms' 2Q net profit up 156% on higher palm products prices

KUALA LUMPUR (Aug 26): Sarawak Oil Palms Bhd (SOPB) reported a 156.43% surge in its second quarter net profit to RM98.32 million, from RM38.34 million a year earlier, thanks to higher palm products prices.

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