PALM NEWS MALAYSIAN PALM OIL BOARD Saturday, 30 Nov 2024

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Carian Terperinci

Berita Arkib

MARKET DEVELOPMENT  
  24-08-2022

IOI expects weaker financial performance in FY23

23/08/2022 (The Star Online), Kuala Lumpur - IOI Corp Bhd, which saw its net profit jump 50.7% to RM541.8mil in the second quarter ended June 30, expects its financial performance for the financial year ending June 30, 2023 (FY23) to be lower than for FY22 but remain healthy.

MARKET DEVELOPMENT  
  24-08-2022

CI Holdings 4Q profit up 13% on stronger palm olein prices, US dollar

23/08/2022 (The Edge Markets), Kuala Lumpur - CI Holdings Bhd's net profit grew 13% in the final quarter of fiscal year ended June 30, 2022 (4QFY22) on the back of stronger revenue, driven by higher palm olein prices and a stronger US dollar against the ringgit.

MARKET DEVELOPMENT  
  24-08-2022

Boustead Plantations 2Q profit up 51% on stronger palm oil prices, cautions about high costs in 2H

23/08/2022 (The Edge Markets), Kuala Lumpur - Boustead Plantations Bhd's net profit grew 51% to RM73.22 million or 3.27 sen per share for the second quarter ended June 30, 2022 (2QFY22) from RM48.37 million or 2.16 sen per share a year ago thanks to higher palm oil prices.

MARKET DEVELOPMENT  
  24-08-2022

Boustead Plantations' net profit up 51 pct amid higher CPO prices

23/08/2022 (New Straits Times), Kuala Lumpur - Boustead Plantations Bhd's (BPB) net profit rose 51 per cent to RM73.22 million in the second quarter (Q2) ended June 30, 2022, from RM48.38 million in the same quarter last year.

OILS & FATS  
  24-08-2022

Indonesia says India committed to importing 2.6 mln tonnes of palm oil products

23/08/2022 (Reuters), Jakarta - India is committed to importing 2.6 million tonnes of palm oil products worth $3.16 billion, Indonesia's trade minister said in a statement on Tuesday.

MARKET DEVELOPMENT  
  24-08-2022

How can Indonesia better protect the rights of oil palm smallholder farmers?

24/08/2022 (Indonesia At Melbourne) - The recent collapse in oil palm prices to some of the lowest levels ever seen has hit smallholder farmers hard. In April, President Joko “Jokowi” Widodo announced a ban on the export of crude palm oil (CPO) and its derivatives, in an attempt to address rapidly escalating cooking oil prices in the domestic market. The policy, which was quickly reversed in May, resulted in a drastic fall in the price of palm fruit, but had little impact on cooking oil prices.

MARKET DEVELOPMENT  
  24-08-2022

Palm oil may retest resistance at 4,269 ringgit

23/08/2022 (Business Recorder), Singapore - Palm oil may retest a resistance at 4,269 ringgit per tonne, a break above which could lead to a gain to 4,452 ringgit.

MARKET DEVELOPMENT  
  24-08-2022

IOI expects weaker financial performance in FY23

23/08/2022 (The Star Online), Kuala Lumpur - IOI Corp Bhd, which saw its net profit jump 50.7% to RM541.8mil in the second quarter ended June 30, expects its financial performance for the financial year ending June 30, 2023 (FY23) to be lower than for FY22 but remain healthy.

MARKET DEVELOPMENT  
  24-08-2022

CI Holdings 4Q profit up 13% on stronger palm olein prices, US dollar

23/08/2022 (The Edge Markets), Kuala Lumpur - CI Holdings Bhd's net profit grew 13% in the final quarter of fiscal year ended June 30, 2022 (4QFY22) on the back of stronger revenue, driven by higher palm olein prices and a stronger US dollar against the ringgit.

MARKET DEVELOPMENT  
  23-08-2022

CPO futures to see profit-taking activity

22/08/2022 (The Star Online) - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trend downward this week on profit-taking activities.

MARKET DEVELOPMENT  
  23-08-2022

Higher CPO, palm kernel drive TSH 2Q earnings to RM57 mil

22/08/2022 (The Edge Markets), Kuala Lumpur - TSH Resources Bhd’s net profit for the second quarter ended June 30, 2022 (2QFY22) rose 44.37% to RM57.34 million from RM39.72 million in the same period last year, as its palm product segment benefited from higher average selling prices of crude palm oil (CPO) and palm kernel (PK).

MARKET DEVELOPMENT  
  23-08-2022

CPO futures end higher on Aug 22 on better demand

22/08/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives (BMD) closed higher on Monday (Aug 22) on better demand for the golden fruits.