Berita Arkib

KUALA LUMPUR (Nov 12): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives has extended its rally for the fourth consecutive day today, boosted by a weaker ringgit against the US dollar.

Manipur Chief Minister N. Biren Singh on Thursday launched the Oil Palm Project, which he said could be an alternative to replace Jhum and poppy cultivations in the state.

Jakarta (ANTARA) - Indonesia's crude palm oil (CPO) production has shown signs of recovery with a consistent production hike in the past three months, the Indonesian Palm Oil Association (Gapki) reported.

PRIO has launched a new green fuel for ships with 15% biodiesel content. Eco Bunkers, developed from raw waste material recycling processes, is produced at PRIO's biodiesel plant in Aveiro in Portugal. Accoring to PRIO, Eco Bunkers allows for a reduction of up to 18% in CO2 emissions.

DBS Research Group analysts William Simadiputra and Woon Bing Yong see plantation stock Bumitama Agri as a potential bargain, arguing that a positive earnings outlook for the stock has yet to have been priced in by the market. They are maintaining their “buy” call on the counter with a $0.66 target price.

KUALA LUMPUR, Nov 12 - Malaysian palm oil futures edged up on Thursday, extending the previous session's sharp gains, on concerns over weak November production and gains in rival oil contracts.

CRUDE palm oil (CPO) prices look set to remain high for the remainder of 2020 supported by concerns over tight global edible oil supplies and fears of the cyclical La Nina wet-weather pattern impact on output.

U.S. exports of soybeans to China, which took a beating during height of the trade war, are at their highest monthly total in almost three years, according to the latest monthly data from the U.S. Census Bureau.

PETALING JAYA: Crude palm oil (CPO) prices are expected to trade in the range of RM2,600-RM3,200 a tonne in November, while palm oil stocks are projected to rise by 2% month on month to 1.62 million tonnes at the end of this month, with output and exports down by 5% and 15%, respectively, month on month.

SINGAPORE (ICIS)--Malaysia's palm oil prices continued to hover at eight-year highs after industry data showed a decline in both stock and production in October.

KUALA LUMPUR: Demand for palm oil products has improved in the second half (H2) of 2020 compared to H1 as countries restock edible oil inventories as their lockdowns ease and hotels, restaurants and catering businesses reopen, Affin Hwang Capital said.

Newswise — November 11, 2020 - Have you ever wondered what type of plant is actually used to make vegetable oil? As it turns out, vegetable oil can come from various sources. But most vegetable oil used across the globe comes from a crop called oil palm. Oil palm has the highest oil productivity among all oilseed crops.