Berita Arkib

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Nov 23.

PETALING JAYA: Genting Plantations Bhd’s net profit dropped 18.7% to RM76.51mil for the third quarter ended Sept 30 compared to the previous corresponding quarter.

Let Melaka’s Chief Minister Idris Haron tell you, and not only are oil palm plantations not harmful to the environment; they are positively helpful. Touting the alleged successes of the state’s green policy recently, Idris stressed that the European Union is badly mistaken in planning to ban imports of palm oil from Malaysia over environmentally destructive practices.

ROTTERDAM: Palm oil on the European vegetable oils market remained firm on Wednesday on the back of a stronger ringgit and because of short covering in Malaysian palm oil futures, triggered by sharp gains in energy markets.

KUCHING: Malaysia and Indonesia have drawn up a joint strategy to counter the European Union’s (EU) move linking the palm oil industry to deforestation, which both countries say will negatively impact more than 18 million smallholders.

New Delhi, Nov 22 Crude palm oil prices drifted lower by 0.36 per cent to Rs 581.70 per 10 kg in futures trade today as traders booked profits amid easing demand at prevailing level in the spot market.

Malaysian palm oil futures were trading higher in mid-session Wednesday, tracking overseas markets, but a strengthening ringgit kept gains in check

The Roundtable on Sustainable Palm Oil has the strongest set of requirements among certification schemes for edible oils and biofuels, even if its members often get away with flouting its standards.

Lingering effects of the scorching El Nino weather phenomenon, which have affected oil palm players’ production and earnings in this part of the world since 2015, will continue to affect plantation players, specifically for those who only have estates in Sabah.

Millions of people running small-time oil palm plantations will suffer if the European Parliament goes ahead with "unfair" measures that could curb palm oil use, the world's two largest palm oil producers said on Wednesday.

TH Plantations Bhd’s third quarter net profit slumped 40.27% to RM11.45 million from RM19.18 million a year ago, due mainly to higher finance cost.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Nov 22.