Berita Arkib

United Plantations Bhd posted a net profit of RM123.59 million for the second quarter ended June 30, compared with a net profit of RM75.94 million in the previous corresponding quarter on higher contributions from its plantations and refinery segments.

REFINED SOYOIL and CRUDE PALM OIL contracts on the Multi Commodity Exchange of India declined due to a rise in imports in physical markets following easing of locdown restrictions, analysts said.

In line with “Aatmnirbhar Bhaarat” program, India’s Prime Minister Mr. Narendra Modi had appealed last week to the farmers in North-East States, to focus more on cultivation of palm, with the sole objective to make India self-sufficient in edible oils.

Many smallholder farmers in Indonesia, who depend on selling fresh oil palm fruit bunches to earn a living, are struggling to survive amid the COVID-19 pandemic, which has affected the country's palm oil exports.

In these pandemic times, India has witnessed a cleaner environment but with huge costs to our economy and society.

Total palm oil output in top producers Indonesia and Malaysia is expected to fall in 2020 hampered by a labor shortage, and last year’s dry weather and lower fertilizer application, the Council of Palm Oil Producing Countries (CPOPC) said.

THE US Government ordered the closure of China’s consulate in Houston in the name of defending intellectual property and private information.

The local palm oil sector is poised to begin its recovery in the second half (2H) of 2020 following the easing of Covid-19 lockdowns globally.

Deputy Minister Datuk Seri Dr Wee Jeck Seng said that the MSPO certification was important as it would ensure palm oil produced by them was of high quality and that it would also received global recognition.

ECONOMIC recovery is beginning for most of the Asia-Pacific (APAC) region and growth rates will accelerate in 2021, Moody’s Analytics chief APAC economist Steve Cochrane said.

With the cultivation of over 11, 000 hectares of coconut; 3, 240 hectares of cassava, and over 1, 200 hectares of rice, the Akwa Ibom State government has reiterated its commitment to pursue its development matrix from a mono oil-driven to an industrialised agro-based economy.

Harga minyak sawit mentah (Crude Palm Oil/CPO) sepekan ini (week on week/WoW), menguat dipicu oleh kemungkinan penurunan produksi akibat fenomena alam.