Berita Arkib

JAKARTA: Indonesia has set its crude palm oil (CPO) reference price for the Sept 1-15 period at US$805.20 per tonne, according to a regulation made public yesterday.

The European Union's sunflower seed production remains a point of significant interest. Market players had maintained their production forecast at 10 million metric tonnes provided to Mintec for the EU crop in previous weeks. While this estimate surpasses the previous season's 9 million metric tonnes, there are now notable concerns about the potential need for downward revisions. Mintec has been gathering insights from industry insiders regarding the ongoing sunflower harvest in Bulgaria and Romania. Initial expectations of record-breaking sunflower seed crops in these countries have encountered an unexpected turn. The harvest has revealed yields that are notably lower than those observed in previous years.

Enduring scepticism, palm oil stands strong and refutes hasty rejections. Embedded in Malaysia's culinary traditions for generations, it's now part of a global conversation.

KUALA LUMPUR: As the main entity to promote Malaysian palm oil, the Malaysian Palm Oil Council (MPOC) has played its role in nation-building to spearhead economic growth.

29/08/2023 (The Star Online), Petaling Jaya - Economists are hopeful that the uptick in the prices of goods and services will continue to be manageable this year, in light of moderating inflation.

29/08/2023 (The Edge Malaysia), Kuala Lumpur - TH Plantations Bhd saw its net profit shrink by 45.61% to RM5.31 million for the second quarter ended June 30, 2023 (2QFY2023), from RM9.76 million a year ago, in tandem with lower revenue.

29/08/2023 (Business In Cameroon) - Four new palm oil refiners will enter the Cameroonian market in the coming months, according to sources inside the Oilseeds Refiners Association (ASROC). These newcomers include Société de raffinage du Cameroun (SORAC) and Nouvelle Raffinerie du Cameroun. SORAC, which aims to market 100,000 tons of refined oil yearly, is controlled by businessman Nassourou Alhadji Issa. As for Nouvelle Raffinerie du Cameroun, it is controlled by Fabrice Siaka, the promoter of the SODINAF, the group that took over the assets of French forestry company Rougier in Cameroon and the CAR in 2018.

29/08/2023 (Associated Press of Pakistan), Islamabad - Imports of edible oil including palm and soybean into the country during the first months of the current financial year decreased by 5.40 percent and 6.82 percent respectively as compared to the imports of the corresponding month of the last year.

29/08/2023 (Business Recorder), Singapore - Malaysian palm oil futures recovered on Tuesday, helped by a weaker ringgit, although imminent oversupply concerns and weakness in rival edible oils capped gains.

29/08/2023 (Xinhua), Phnom Penh - Cambodia's Prime Minister Hun Manet said on Tuesday that the government has reserved 100 million U.S. dollars for boosting the country's agricultural sector.

28/08/2023 (The Hindu Business Line) - The Solvent Extractors’ Association of India (SEA) will sign a memorandum of understanding (MoU) with the Thai Palm Oil Crushing Mills Association next month to foster cooperation and mutually beneficial trade opportunities between Indian importers and refiners and Thai producers and exporters of crude palm oil.

28/08/2023 (Malay Mail), Kuala Lumpur - Deputy Prime Minister cum Plantation and Commodities Minister Datuk Seri Fadillah Yusof received a courtesy call from Mayor of Quanzhou Municipal People’s Government, Cai Zhansheng, at his ministry in Putrajaya today.