Berita Arkib

KUALA LUMPUR (Oct 11): While the export of Malaysian palm oil to the United States is of an insignificant amount, the effect from the US' move to ban FGV Holdings Bhd's palm oil and palm oil products on the industry's reputation is of concern to Malaysia.

KUALA LUMPUR: Market observers are mostly optimistic on the palm oil sector's outlook in 2021 and with pessimism stance on crude palm oil (CPO) forecast price at RM2,500 per tonne in 2020.

KUALA LUMPUR: Malaysian companies should explore emerging markets such as Ukraine in finding new buyers, International Trade and Industry (MITI) deputy minister Datuk Lim Ban Hong said in his speech at a webinar titled Malaysia-Ukraine: New Markets New Opportunities (Post COVID-19).

KUALA LUMPUR: Malaysian palm oil futures on Friday rose 7.6% for the week, ending two weeks of losses, on expectations of higher October exports ahead of the Diwali festival in India, and as heavy rains and widening coronavirus restrictions raised output concerns.

KUALA LUMPUR (Oct 12): Hong Leong IB Research (HLIB) has valued Sarawak Plantation Bhd (SPB) at RM2.89 and said it anticipates SPB’s earnings expansion to sustain into the next 3 years, underpinned by higher crude oil palm (CPO) prices and fresh fruit bunch (FFB) output (arising from increased harvestable area and more planted area moving to higher yield bracket).

On August 10, Soybean November futures at Chicago plunged to 870 cents amid worries of weak oil and oil meal demand, apprehension over a trade deal between the US and China and improved crop prospects in the United States. However, it has since bounced back by nearly 200 cents to reach a multi-year high of 1,069 cents following strong imports by China and improved demand for oil meal from that country.

Palm oil analysts forecast prices hinging on biodiesel demand and the severity of the La Nina weather trend towards the end of the year and into 2021.

Palm oil prices are likely to jump in the first half of 2021, three leading industry analysts said in a webinar on Thursday, as La Nina weather pattern is set to hit edible oil supplies amid lower soybean crushing in Argentina and rising sunflower oil prices

Malaysian palm oil futures rose for a fourth straight day on Thursday as supply concerns due to wider coronavirus curbs and heavy rains provided support, while the market awaits industry outlook.

Oil prices climbed on Thursday as traders grew concerned over production disruptions in the Gulf of Mexico due to Hurricane Delta and in the North Sea due to the strike in the Norwegian oil industry.

Palm oil purchases by India, the biggest importer from Malaysia, are likely to climb in October from a three-month low as Deepavali, the Hindu festival of lights, drives up demand for the world’s most-consumed vegetable oil.

The Moroccan Government approved on Thursday an amendment of the Morocco-Turkey Free Trade Agreement, increasing tariffs by up to 90 pc on 1200 Turkish goods for a five-year period