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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
MPOC Empowers Johor Smallholders With MPSO Workshop
27/08/2024 (Business Today) - The Malaysian Palm Oil Council (MPOC), in collaboration with the National Association of Smallholders (NASH), hosted a workshop on August 22, 2024, titled “Pengenalan Standard MSPO (MS2530:2022) dan Aspek Sosial Dalam Perniagaan.” The event attracted over 160 local oil palm smallholders from across Johor, highlighting the importance of sustainable and responsible palm oil practices.
Analysts expect a better 1HFY2025 for IOI Corp on increased FFB output, lower costs
27/08/2024 (The Edge Malaysia), Kuala Lumpur - Analysts expect a better first half (1HFY2025) for IOI Corporation Bhd (KL: IOICORP) on the back of improved fresh fruit bunch (FFB) production and lower crude palm oil (CPO) production costs, after its full-year ended June 30, 2024 (FY2024) came mostly within expectations.
FGV returns to the black in 2QFY24 on higher CPO prices, sales volume
27/08/2024 (New Straits Times), Kuala Lumpur - Agribusiness and food company FGV Holdings Bhd reported a net profit of RM86.3 million for the second quarter of 2024 (2Q24), a turnaround from a net loss of RM12.8 million in the same quarter of the previous year.
Soybeans Extending Gains into Tuesday
27/08/2024 (Barchart) - Soybeans are posting of 4 to 6 cent gains as we trade trough Tuesday’s midday, adding onto Monday’s strength. Soymeal futures are up $4.20 per ton. Soy Oil contracts are back down 34 points in the September contract.
California shocks canola sector
28/08/2024 (The Western Producer), Saskatoon - Canada’s canola processors have been blindsided by proposed amendments to California’s Low Carbon Fuel Standard.
Ta Ann’s palm oil production rises; net profit up 13.3% in 2Q
26/08/2024 (The Star), Kuala Lumpur - Ta Ann Holdings Bhd’s palm oil production is trending upwards as it enters the second half of the year with fresh fruit bunches (FFB) production cycle at its peak.
Palm oil hits 3-week high on Indonesia biodiesel plans, Malaysia output woes
26/08/2024 (Reuters), Singapore - Malaysian palm oil futures advanced for the fourth session on Monday, touching their highest in more than three weeks on Indonesia's plan to further raise its biodiesel blending and concerns of rainy weather hurting Malaysia's production.
CPO Futures End Higher Due To Weaker Production Prospects
26/08/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Monday due to prospects of a weaker production pace in the country, said a dealer.
Indonesia's incoming leader hopes to implement 50% palm-based biodiesel in 2025
26/08/2024 (Reuters), Indonesia - President-elect Prabowo Subianto hopes to implement mandatory 50% palm oil-based biodiesel blending by early next year, which he said would cut fuel imports by $20 billion per year.
