Berita Arkib

SINGAPORE: Palm oil may test a support at 5,484 ringgit per tonne, with a good chance of breaking below this level and falling into 5,366-5,425 ringgit range.

KUALA LUMPUR (Feb 21): MIDF Research sees Sime Darby Plantation Bhd's (SDP) fresh fruit bunch (FFB) production improving in the near term on the expected arrival of foreign workers in the plantation sector latest by the first quarter of 2022.

SINGAPORE, Feb 22 (Reuters) - Chicago soybean futures rose for a fourth consecutive session on Tuesday and hit their highest in more than a week on concerns over dry weather in Brazil and Argentina curbing yields.

KUALA LUMPUR (Feb 18): Malaysian crude palm oil (CPO) futures prices rose past RM6,000 a tonne for the first time to their all-time high on Thursday evening (Feb 17) after climbing as much as RM87 to RM6,054 in Bursa Malaysia’s extended trading session between 9pm and 11:30pm in what analysts describe as a palm oil industry super cycle amid supply constraints during seasonal low production in the first half of the year when demand is also expected to grow ahead of Hari Raya Aidilfitri in May 2022.

KUALA LUMPUR: Sime Darby Plantation Bhd (SDP) do not foresee a significant impact on the new Indonesian regulation requiring local palm oil producers to sell 20 per cent of their production to domestic refiners at fixed prices starting from February 23, 2022.

Malaysian palm oil futures fell for a third straight week, but notched gains on Friday on supply concerns and as rival oils on the Dalian commodity exchange strengthened.

KUALA LUMPUR (Feb 18): Kuala Lumpur Kepong Bhd (KLK) emerged as one of the top gainers in the local bourse on Friday (Feb 18) after its share price hit an all-time high as the asking price of crude palm oil (CPO) futures topped RM6,000 a tonne for the first time on Thursday (Feb 17) at RM6,050.

KUALA LUMPUR: Plantation Industry and Commodities Minister, Datuk Zuraida Kamaruddin today said her proposal to bring several palm-oil related agencies to work together was primarily aimed at saving time and taxpayer’s money.

Due to the ever-increasing demand of edible oils caused by the increased consumption of high-value value food products, there is an unprecedented opportunity of improving the farmer’s income. Moreover, India has been importing edible oils and its derivatives annually worth ₹70,000 crore or more.

MUMBAI (Feb 18): Indian traders have contracted to import a record 100,000 tonnes of soyoil from the United States because of limited supplies from drought-hit South America, at a time when prices of rival palm oil are scaling record highs, three dealers told Reuters.

KUALA LUMPUR: Crude palm oil (CPO) prices could remain elevated until the first half (1H) of 2022 but may soften as production of global vegetable oils picks up, said Affin Hwang Capital.

PUTRAJAYA: In the face of threats that the United States and the European Union will impose sanctions on palm oil, Malaysia is looking to develop new markets for the commodity.