Berita Arkib

The prices of edible oils have witnessed yet another hike during the current week across the country, as a litre of bottled soybean oil is now being sold at Tk 115-120 at the retail level.

BUMITAMA Agri Ltd has announced higher revenue and net profit for the first nine months of its 2020 fiscal year from a year ago, on higher prices of palm oil.

KUALA LUMPUR: United Plantations Bhd's net profit rose 58.4 per cent to RM95.33 million in the third quarter (Q3) ended September 30, 2020, from RM60.20 million recorded in the same period a year ago.

The Energy and Mineral Resources Ministry has installed two new officials to oversee Indonesia’s renewable energy and oil and gas industries as the country seeks to simultaneously develop clean energy and ramp up oil production.

KUCHING, Nov 9 — Sarawak’s economy is expected to contract between 3.5 per cent and 5 per cent, Chief Minister Datuk Patinggi Abang Johari Openg said today, with negative growth expected across all sectors, with the worst hit being the tourism and manufacturing sectors.

THE Ministry of Plantation Industries and Commodities (KPPK) has received an increase in allocation of 8.84 per cent to RM729.39 million in Budget 2021 compared with Budget 2020.

PETALING JAYA: United Plantations Bhd posted a 58% rise in net profit to RM95.3mil for the third quarter ended Sept 30 mainly due to higher crude palm oil (CPO) and palm kernel (PK) average prices.

KUALA LUMPUR: Blue chips rallied in late trade on Monday, underpinned by gains in Petronas stocks and telcos, while the ringgit was up nearly half a percent against the US dollar and crude palm oil (CPO) futures were at an eight-year high.

KUALA LUMPUR: Malaysian palm oil futures gained for a fourth session out of five on Monday, holding at a more than eight-year high on expectations of lower stockpiles and stronger crude prices. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange closed up 46 ringgit, or 1.5%, at 3,227 ringgit ($785.54) a tonne.

It is interesting to see that as canola struggles at resistance, competing oils such as rapeseed and palm oil are showing strength. Since mid-July, rapeseed oil futures FOB Rotterdam have traded from a low of $926.75 USD/metric ton to a high of $985.50/mt as of Sept. 17. On Nov. 6, a gain of $25.50/mt was recorded to break from this range, while a further gain of $5/mt was recorded on Nov. 9. During the past week of Nov. 2, a gain of $43.50/mt USD was realized, the largest weekly move seen since early April.

SYDNEY — U.S. soybean futures edged down on Tuesday as traders banked profits after prices hit a four-year high in the previous session, although losses were held in check by a U.S. harvest report that came in behind market expectations.

PARIS, Nov 9 (Reuters) - Strategie Grains has lowered its forecast of rapeseed imports in the European Union and Britain this season to 5.9 million tonnes from 6.3 million a month earlier, the consultancy said in an oilseed report.