Berita Arkib

Palm oil may stabilize around a support at 3,292 ringgit per tonne and bounce toward 3,365 ringgit, as suggested by a projection analysis.

Malaysian palm oil futures climbed 1% on Tuesday as the market speculated on lower production this month, stoking concerns of tight supply, though a sharp drop in exports capped gains.

The banning of palm oil use in the EU has ruined the livelihoods of smallholder farmers in Indonesia and Malaysia as they make up the biggest number of exporters to the European market.

Governments around the world need to urgently address this year’s 11.6% drop in biofuel output, caused by the pandemic, in order to meet transport’s decarbonisation goals, the head of the renewable energy division at the International Energy Agency (IEA) told EURACTIV in an interview.

FGV Holdings Bhd expects crude palm oil (CPO) to trade in the range of RM2,500 to RM2,600 per tonne for the first half (H1) of its financial year ending Dec 31, 2021 (FY21).

Sabah's average fresh fruit bunch (FFB) yield per month in the first quarter of 2020 (Q1 2020) amounted to 1.17 tonnes per hectare (ha) per month compared with 1.6 tonnes per ha per month in Q1 2019, a decrease of 26.9 per cent, according to the Ministry of Plantation Industries and Commodities (MPIC).

India seems to be experiencing its own version of this, with some areas improving faster and stronger than others. Decreased importation costs have served as a tailwind to help India

Reports indicate that domestic demand has been poor to average with better consumer demand more than offset by much less demand from schools and other institutions. The USDA reports showed a little less yield and production and less export demand for long grain.

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange closed down 0.55% to 3,281 ringgit ($797.52) a tonne.

Revenue jumped 39.52% YoY to RM2.4 billion in the quarter as its plantation segment posted RM273.6 million profit in the quarter, up 116% YoY, on the back of higher CPO and palm kernel prices realised, and higher fresh fruit bunches production.

The Energy and Mineral Resources (ESDM) Ministry estimated that the utilization of B40 products, which is a mixed fuel of 30 percent biodiesel and 70 percent diesel fuel, would not be ready until the first half of next year.

While the remaining RCEP members went ahead and inked a deal on Sunday — a little over a year after Prime Minister Narendra Modi announced India was walking out of negotiations citing “significant outstanding issues”