Berita Arkib

KUALA LUMPUR (Aug 20): Exports of Malaysian palm oil products for Aug 1-20 fell 8.73% to 788,211 tonnes from 863,586 tonnes shipped during July 1-20, according to independent inspection company AmSpec Agri Malaysia on Friday.

Jakarta (ANTARA) - State-run PT Pertamina through its sub-holding Pertamina NRE and state-run plantation PT Perkebunan Nusantara III are producing green energy from palm oil liquid waste at Sei Mangkei biogas power plant (PLTBg), North Sumatra.

US President Joe Biden’s commitment to significantly reduce carbon emissions is likely to pressure US soybean oil supply in coming years as biodiesel production scales up in tune with rising demand for the alternative fuel.

The reduction in import duty will directly benefit the kitchen budget of the common people, although this reduction in import duty is only till 30 Sep

US Soybean Oil Futures yesterday settled down by -0.23% at 1400.3 tracking weakness in CPO prices after seen supported by lingering concerns over tight supply. Edible oil prices are likely to remain elevated till the arrival of new crops in the October-November period, industry officials said. The rates are unlikely to come down anytime soon as India meets more than half of domestic demand through imports, BV Mehta, executive director, Solvent Extractors Association of India (SEA) said. The soybean oil price has surged due to efforts of making renewable bio-diesel fuel from it in the US, Brazil and other countries. Total oilseeds production in the country during 2020-21 is estimated at a record 36.10 million tonnes which is higher by 2.88 million tonnes than the production during 2019-20.

Sime Darby Plantation Bhd’s (SDP) future earnings growth will be supported by favourable crude palm oil (CPO) price, according to analysts.

The project involved the development of 1,921ha in Sarikei with a total plantable area for the purpose of oil palm cultivation estimated at 1,152ha.

Bursa Malaysia Derivatives Exchange (BMD) manages the Malaysian Crude Palm Oil Futures Contract (FCPO), which sets the global price benchmark for the cheapest and most widely used edible oil in the world.

The oil palm industry has welcomed the Central Government’s initiatives to encourage oil palm production in the country.

Bursa Malaysia rebounded to open higher this morning on mild buying interest in selected heavyweights, led by CIMB and Public Bank.

Bright Packaging Industry Bhd has entered into a joint venture agreement (JVA) with Datai Plantations Sdn Bhd (DPSB) for the purpose of developing oil palm plantations and related facilities and provision of services ancillary on a parcel of land in Sarikei, Sarawak.

Amid positive economic indicators in the first three years of the PTI-led coalition government, a major concern for consumers has been the galloping rise in prices of food items.