Berita Arkib

SINGAPORE (May 23): Palm oil counters have been among the standout performers in this quarter’s earnings season. All but one have reported stronger revenue and earnings growth in the quarter ended March, based on a list of six companies compiled by The Edge Singapore as at May 17. The exception was Golden Agri-Resources, which posted a 60.1% decline in earnings to US$37.6 million ($52.2 million) on higher expenses and foreign exchange losses. Nevertheless, its revenue improved 37% to US$2.1 billion from US$1.5 billion a year ago. Meanwhile, First Resources was the best performer. Its earnings surged 807% to US$48.5 million from US$5.3 million a year ago. Revenue increased 71.6% to US$194.1 million.

ROTTERDAM, May 23 (Reuters) - Palm oil on the European vegetable oils market eased on Tuesday on forecasts for increasing output and weaker Malaysian palm oil futures because of a stronger ringgit currency. Asking prices for palm oil were between unchanged and $12.50 a tonne down after Malaysian palm oil futures closed between 23 and 45 ringgit a tonne lower.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday May 24.

KUALA LUMPUR: Malaysian palm oil futures declined on Tuesday evening, their first drop in three sessions, weighed down by a stronger ringgit and forecasts of rising production.

23/05/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

23/05/2017 (The Star) - Plantation firm Kuala Lumpur Kepong Bhd (KLK) says it has hedged a portion of its future production to protect profits against the falling price of crude palm oil (CPO).

23/05/2017 (Pakistan Observer) - Six ships, M.V African Falcon, M.T Arcturus, M.T Wawasan Jade, M.V Good Hope Max, M.T Gas Chem Antarctic and M.T Maran Gas Asclepius scheduled to load/offload Cement, Condensate oil, Palm oil, Soya Bean, Chemicals and LNG were allotted berths at Multi Purpose Terminal, FOTCO Oil Terminal, Grain, Fertilizer Terminal, Engro Vopak Terminal and Engro Elengy Terminal respectively during last 24 hours, said a report issued by Port Qasim Authority (PQA) here on Monday.

23/05/2017 (Hindu Business Line) - Sentiments in edible oils market remained firm on Monday tracking firm futures amid renew physical demand. Malaysian palm oil and Chicago soya oil showed firm tend lifting domestic soya oil futures higher. Local refineries have increased their rates in line with foreign markets.

23/05/2017 (Business Standard) - The India Meteorological Department (IMD's) recent prediction of favourable monsoon in India is likely to have a positive impact for companies in the agricultural sector like Ruchi Soya Industries Limited.

23/05/2017 (FoodIngredientsFirst) - PT SMART Tbk (SMART), a subsidiary of Golden-Agri Resources Ltd (GAR), have announced its breakthrough in cultivating exceptionally high-yielding oil palm planting material, developed in the company’s research centres, SMART Research Institute’s (SMARTRI) and SMART’s Biotechnology Centre, through an advanced biotechnology programme. These planting materials – Eka 1 and Eka 2 – are registered in Indonesia’s Catalogue of Seeds and were approved for cultivation on 21 April 2017 by the Directorate General of Plantation, Ministry of Agriculture.

23/05/2017 (Biofuels International Magazine) - A subsidiary of the world’s second largest palm oil plantation company has cultivated a new palm planting material allowing an increase of oil yields to the highest levels in the industry.

23/05/2017 (Hindu Business Line) - Malaysian palm oil futures rose to their highest in a week on Monday as strong export demand put the contract on track for a second straight session of gains. CPO active month August futures moved on expected lines.