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AI boom is turning Malaysia’s palm oil estates into data centres
CPO prices to stay elevated on firm demand and tight supply
CPO price dip seen as temporary, stocks to rise in November: CIMB Securities
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
CPO Futures End Higher For Third Consecutive Day
27/11/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher for the third consecutive day, a trader said.
Palm oil extends winning streak on output concerns
28/11/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures ended higher on Wednesday, extending a three-day winning streak, underpinned by production concerns in the country.
FGV’s 3Q net profit nearly triples on higher output, prices
27/11/2024 (The Edge Malaysia), Kuala Lumpur - FGV Holdings Bhd (KL:FGV), Malaysia’s largest producer of palm oil by volume, nearly tripled its net profit in the third quarter thanks to higher output and prices that may stay high in the remaining months of 2024.
RSPO votes to adopt major new standard
27/11/2024 (Oils & Fats International) - Palm oil certification body the Roundtable on Sustainable Palm Oil (RSPO) has voted to adopt a major new standard aimed at balancing conservation goals with the practicalities of the palm oil industry.
Bangladesh requests Malaysia for supplying palm oil ahead of Ramadan
27/11/2024 (BSS), Dhaka - Bangladesh has requested Malaysia to take necessary measures as early as possible to supply refined palm oil to Bangladesh through the Trading Corporation of Bangladesh (TCB) under the support of the Malaysian government ahead of the Holy Month of Ramadan.
Higher CPO Price Pushes Profits For MKH Oil Palm
27/11/2024 (Business Today) - MKH Oil Palm (East Kalimantan) Berhad reported a stellar net profit of RM21 million on the back of revenue of RM90.59 million for its fourth quarter ended 30 Sep, 2024. Earnings per share (EPS) stood at 2.73 sen for the quarter.
CPO FUTURES END HIGHER, TRACKING FIRMER SOYBEAN OIL FUTURES ON CBOT
26/11/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Tuesday, tracking the stronger soybean oil market on the Chicago Board of Trade (CBOT), a trader said.
Plantation ministry sets sights on oil palm replanting across 77,000 hectares over next five years
26/11/2024 (Bernama), Kuala Lumpur - The government has targeted oil palm replanting on 77,000 hectares of land over the next five years (2025–2029) to ensure the palm sector remains sustainable and competitive through the implementation of an oil palm replanting programme, specifically among smallholders.
IOI Corp 1Q25 profit surges on higher palm oil prices
27/11/2024 (The Star), Petaling Jaya - IOI Corp Bhd, whose net profit more than doubled in the first quarter ended Sept 30, 2024 (1Q25), expects a “satisfactory” performance for the remaining quarters of its financial year 2025 (FY25), supported by higher crude palm oil (CPO) prices and improving yields.
