Berita Arkib

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.

Malaysian palm oil futures dropped on Wednesday, after rallying 5% in the previous session, as weaker global edible and crude oils weighed on sentiment.

KUALA LUMPUR, May 19 — Malaysia has maintained the export tax for crude palm oil (CPO) at eight per cent for June 2021 — for the sixth straight month.

New Delhi — 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.

PETALING JAYA: The current bull run in the crude palm oil (CPO) spot prices, which soared 134% to the historic level of RM4,761 per tonne is not sustainable and is poised for a correction by the second half of the year, say plantation analysts.

SINGAPORE: Palm oil may break a support at 4,369 ringgit per tonne, and fall to 4,273 ringgit.

KUALA LUMPUR (May 19): Despite the current bullish crude palm oil (CPO) price momentum, PublicInvest Research’s analyst Chong Hoe Leong thinks it is not sustainable, and a price correction would be inevitable once the inventory level sees a strong pickup.

KUALA LUMPUR (May 19): Batu Kawan Bhd's net profit surged more than sixteenfold to RM261.08 million in the second quarter (Q2) ended March 31, 2021, compared with RM16.02 million in the corresponding period last year.