Berita Arkib

KUALA LUMPUR, May 22 (Reuters) - Indonesia's resumption of palm oil exports will not blunt Malaysia's competitiveness in exporting the edible oil, the Malaysian commodities minister said on Sunday, pointing to the rival's loss of sales in India.

PETALING JAYA: Higher crude palm oil (CPO) and palm kernel (PK) prices helped lift Sime Darby Plantation Bhdhttps://cdn.thestar.com.my/Themes/img/chart.png’s (SDP) net profit in the first quarter ended March 31, 2022 (1Q22), to RM718mil, a 27.76% increase over RM562mil in 1Q21.

KUALA LUMPUR: Sime Darby Plantation Bhd (SD Plantation) offers defensive qualities such as land rich balance sheet and decent gearing, and is a beneficiary of food inflation as edible oils and fats prices have risen substantially compared to a year ago, Kenanga Research said.

Chicago wheat fell for a third straight session on Friday, retreating further from a two-month high hit earlier this week as technical selling pressured the market, traders said.

JAKARTA, May 22 (Reuters): Indonesia will reimpose a domestic sales requirement on palm oil, the government said on Friday, a day after the world's biggest producer of the key edible oil reversed a ban on its export.

19/05/2022 (Bloomberg) - Indonesia, the world’s biggest shipper of edible oils, lifted a ban on palm oil exports in a move that will bring relief to the global market after the war in Ukraine choked off critical supplies.

19/05/2022 (Free Malaysia Today) - Indonesia will lift its ban on palm oil exports next week, President Joko Widodo said on Thursday, relieving pressure on the global vegetable oil market after prices spiked because of the suspension and the war in Ukraine.

19/05/2022 (The New Straits Times), Jakarta - Indonesia will lift its palm oil export ban from Monday, following improvements in the domestic cooking oil supply situation, President Joko Widodo said on Thursday.

19/05/2022 (The Edge Markets), Kuala Lumpur - Malaysian crude palm oil (CPO) prices may have peaked as production is seen picking up in Malaysia while demand is expected to be soft in the short term and as Indonesia’s ban on palm oil exports is anticipated to be short-lived, according to Public Investment Bank Bhd on Thursday (May 19).

19/05/2022 (Business Recorder), Singapore - Palm oil may test a support at 5,984 ringgit per tonne, a break below which could open the way towards 5,843 ringgit.

19/05/2022 (Business Recorder), Peshawar - Factory owners belonging to erstwhile Federally Administered Tribal (Fata) and Provincially Administered Tribal Areas (Pata) expressed concern over delay in clearance of palm olein and RBP palm oil-laden containers at AzaKhel Dry Port, Nowshera.

19/05/2022 (The Malay Mail), Kuala Lumpur - Malaysia’s trade performance continued its upward momentum in April 2022 with total trade increasing 21.3 per cent year-on-year (y-o-y) to RM231.44 billion, marking the 15th consecutive month of double-digit growth.