PALM NEWS MALAYSIAN PALM OIL BOARD Tuesday, 26 Nov 2024

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Carian Terperinci

Berita Arkib

MARKET DEVELOPMENT  
  23-08-2023

Sarawak Plantation reports 45% drop in 2Q profit amid lower CPO, PK prices

22/08/2023 (The Edge Malaysia), Kuala Lumpur - Sarawak Plantation Bhd’s net profit fell 45% to RM16.56 million or 5.93 sen per share in the second quarter ended June 30, 2023 (2QFY2023), from RM30.01 million or 10.75 sen per share a year ago, as operating profit dropped and revenue declined amid lower realised average selling prices of crude palm oil (CPO) and palm kernel (PK), despite higher sales volume.

MARKET DEVELOPMENT  
  23-08-2023

Palm oil erases Monday’s gains on weaker rivals

22/08/2023 (Business Recorder), Singapore - Malaysian palm oil futures finished nearly 2% lower on Tuesday following a dip in rival edible oils, although strong export data helped limit losses.

MARKET DEVELOPMENT  
  22-08-2023

Innoprise profit falls 65% on lower CPO, palm kernel prices; pays 2.25 sen dividend

21/08/2023 (The Edge Malaysia), Kuala Lumpur - Innoprise Plantations Bhd posted a 65.18% decline in net profit for the second quarter ended June 30, 2023 (2QFY2023) to RM10.77 million from RM30.94 million a year prior, mainly due to lower average selling prices of crude palm oil (CPO) and palm kernel (PK).

MARKET DEVELOPMENT  
  22-08-2023

Palm rebounds tracking rival oil strength higher, stronger exports

21/08/2023 (Business Recorder), Singapore - Malaysian palm oil futures recovered on Monday mirroring strength in rival edible oils, while firm export data supported sentiment.

MARKET DEVELOPMENT  
  22-08-2023

China to Import More Indonesian Palm Oil in 2024: Gapki

21/08/2023 (Jakarta Globe), Jakarta - China will likely purchase 8 million tons of Indonesian palm oil in 2024 after imports suffered a decline amid the Covid-19 pandemic, according to an association of the commodity’s producers.

MARKET DEVELOPMENT  
  22-08-2023

RSPO trains 500 Edo farmers, others on sustainable palm oil production

21/08/2023 (Business Day Nigeria) - The Roundtable on Sustainable Palm Oil (RSPO) has trained no fewer than 500 farmers, government officials, media practitioners, civil society organisations, non- governmental organisations in Edo State on sustainable palm oil production.

MARKET DEVELOPMENT  
  22-08-2023

Nigeria Spends N430bn Annually To Import Palm Oil – Onyiuke

21/08/2023 (Daily Trust) - In this interview, the president of the Oil Palm Growers Association of Nigeria (OPGAN), Mr Joe Onyiuke, who is a lawyer and entrepreneur, speaks on how the federal government can attain mass employment, food security and stop the $500m (N430 billion at N860/$) spent annually to import palm oil into the country.

MARKET DEVELOPMENT  
  21-08-2023

Study on orang utan population

20/08/2023 (The Star Online), Kuala Lumpur - A RM1.2mil allocation has been set aside to finance a study of the orang utan population in Sabah for a period of two years.

MARKET DEVELOPMENT  
  21-08-2023

Salcra to build RM35 mln plant to produce animal feed from oil palm waste

19/08/2023 (The Borneo Post), Kuching - A total of RM35 million has been allocated to the Sarawak Land Consolidation and Rehabilitation Authority (Salcra) to build a plant to produce animal feed from oil palm waste, said Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg.

MARKET DEVELOPMENT  
  21-08-2023

EU starts probe on Indonesian biodiesel avoiding import duties

18/08/2023 (The Jakarta Post) - The European Union said on Thursday it had launched an investigation into whether biodiesel from Indonesia was circumventing EU duties by going through China and Britain.

MARKET DEVELOPMENT  
  21-08-2023

Malaysian Palm Oil Green Conservation Foundation allocates RM1.2m to fund orangutan population study in Sabah, says Plantation sec-gen

19/08/2023 (Malay Mail), Kuala Lumpur - The Malaysian Palm Oil Green Conservation Foundation (MPOGCF), an agency under the Ministry of Plantation and Commodities (KPK), has allocated RM1.2 million to finance a study of the orangutan population in Sabah for a period of two years, starting this year.

MARKET DEVELOPMENT  
  21-08-2023

Vegetable prices likely to cool down next month, says FinMin official

20/08/2023 (Business Standard) - The government expects vegetable prices to start cooling off from next month with the advent of new crops in the market, but rising crude oil prices is a concern even though it is still within the tolerable zone of $ 90 a barrel, a finance ministry official said.