Berita Arkib

In the second week of February 2021, the Federal Cabinet granted APTTA a three-month extension on the proposal of Commerce Ministry as the two countries had failed to evolve a consensus on some clauses of the draft.

Its net profit rose 20% to RM562mil from RM468mil a year ago. Revenue increased 21% to RM2.67bil from RM3.04bil, while earnings per share was at 8.2 sen compared with 6.8 sen previously.

The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange slid 58 ringgit, or 1.35%, to 4,244 ringgit ($1,024.87) a tonne during early trade.

Indonesia’s exports recorded their best performance in a decade on the back of higher commodity prices and resurgent demand from major trade partners like the U.S. and China.

The “Ops Timbang Sawit 2021” integrated operation to curb the manipulation of oil palm weighing scales among traders and palm oil millers has been well received by smallholders as it could increase their confidence and trust in the palm oil industry.

Indonesia’s exports racked up their strongest rise in 11 years in April, boosted by surging prices of key commodities such as palm oil and coal, data from the statistics bureau showed on Thursday as they beat analysts’ expectations.

India’s palm oil imports in 2021 are set to fall for the second consecutive year as pandemic concerns continue to unfold in the country, forcing refiners to dial back production and keep stocks at a bare minimum level, sources told S&P Global Platts.

Malaysian palm oil futures dropped 3.5% on Wednesday after the second-largest producer raised its export tax reference price, while weaker global edible oils and crude prices further weighed on sentiment.

Buying interest for palm oil has seen a reduction in Asia markets during the week ending May 21 as traders go into wait-and-watch mode ahead of potential cuts to the $255/mt export levy that Indonesia charges to subsidize its national bio-diesel program, multiple sources told S&P Global Platts.

KUALA LUMPUR: Plantation firm Kuala Lumpur Kepong Bhdhttps://cdn.thestar.com.my/Themes/img/chart.png (KLK) net profit climbed to RM490mil in the second quarter ended March 31 as strong demand and tight supplies pushed up palm oil prices higher.

KUALA LUMPUR (May 19): TSH Resources Bhd's net profit rose ninefold to RM20.78 million in the first quarter ended March 31, 2021 (1QFY21), from RM2.25 million a year earlier, thanks to higher crude palm oil (CPO) and palm kernel prices, partially offset by lower sales contribution from the cocoa segment due to the pandemic.