Berita Arkib

KUALA LUMPUR (Jan 4): CB Industrial Product Holdings Bhd (CBIP) expects positive contribution to its earnings for the current financial year ending Dec 31, 2018 (FY18) and FY19, from a RM61.43 million contract it had entered into with Oriental Holdings Bhd to develop a palm oil mill in Indonesia.

JAKARTA, Jan 4 (Reuters) - Indonesia’s government plans to expand biodiesel subsidies to cover consumption of palm oil-blended fuels by the mining sector this year as part of ambitious plans to develop the energy source, an energy ministry official said on Thursday.

Vegetable oils are derived from plant seeds or their parts and have a wide variety of food and non-food applications. Major types of vegetable oils include sunflower oil, rapeseed oil, soybean oil, palm kernel oil, and palm oil. The use of palm oil in cooking and various applications in the food industry is gaining popularity propelled by a number of factors. In the recent years, palm oil as edible oil has increasingly gained traction in several countries of Southeast Asia and various parts of Africa and South America. World over, there is surging demand for palm oil due to its functional properties, such as a viable substitute for trans-fats, and lower cost of production than other commonly used oils such as soybean oil. This bodes well for the growth of the global vegetables oil market. In many parts of the globe, palm oil is preferred in making margarines. The soaring popularity of palm oil as feedstock in manufacturing biofuels is offering a robust impetus to the demand for the oil.

KUALA LUMPUR (Jan 04) -- Malaysia's plantation stocks among top gainers on KLCI as investors step up purchases amid unconfirmed talks of suspension of export tax on crude palm oil.

Shares in Felda Global Ventures Holdings Bhd (FGVH) have been bolstered by improved earnings prospects under a new management team, as well as the company’s disposal of a non-core asset.

KUALA LUPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Jan 4.

PETALING JAYA: Felda Global Ventures image: https://cdn.thestar.com.my/Themes/img/chart.png Bhd (FGV) is expected to earn premiums for its certified sustainable palm oil (CSPO) products from the first quarter of 2018, following the Roundtable Sustainable Palm Oil (RSPO) certification for its eight mill complexes at the end of last year.

PETALING JAYA: TDM Bhd image: https://cdn.thestar.com.my/Themes/img/chart.png has accepted 4,515ha offered by the Terengganu state government for its domestic plantation expansion plan. TDM is an oil palm plantation cultivator wholly owned by state investment arm Terengganu Inc Sdn Bhd.

KUALA LUMPUR: Malaysian palm oil futures surged nearly 3 percent to their highest in a month on Wednesday on expectations for strengthening demand in coming weeks.

KUALA LUMPUR: PublicInvest Research has initiated coverage of Sime Darby Plantation with a Neutral call and a target price of RM5.68.

SINGAPORE (Jan 3): Palm oil may test a resistance zone of RM2,694-2,707 per tonne in three months, a break above which could lead to a further gain to RM2,814.

KUALA LUMPUR: Malaysia’s commodity crop exports for last year are expected to surpass RM140 billion as the average palm oil and rubber pricing was slightly higher than in 2016.