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CPO price forecast to climb for rest of the year
Malaysian palm oil extends losses amid China tariff fears, weak demand
Global Stearic Acid Prices Climb Amid Palm Oil Shortages and Rising Production Costs
Positive growth for plantation sector, amid rising CPO prices
Hap Seng Plantations net profit declines 6pc
Kuala Lumpur: Hap Seng Plantations Holdings Bhd’s net profit for the financial year ended Dec 31, 2022 (FY2022) fell six per cent to RM210.31 million from RM224.02 million in the same period for FY2021.
Salahuddin Ayub: No shortage of subsidised cooking oil in the market
KUALA LUMPUR: There is no shortage of subsidised cooking oil packets, says Datuk Seri Salahuddin Ayub.
Malaysia keeps March crude palm oil export duty at 8%
22/02/2023 (The Star Online), Kuala Lumpur - Malaysia has maintained its March export tax for crude palm oil at 8% and lowered the reference price, a circular on the Malaysian Palm Oil Board website showed on Wednesday.
Genting Plantations expects palm oil prices to be supported by higher demand
22/02/2023 (The Star Online), Kuala Lumpur - Genting Plantations Bhd’s prospects for 2023 will track the performance of its plantation segment, which in turn depends on the movements in palm products prices and its fresh fruit bunches (FFB) production.
Hap Seng Plantations FY22 net profit down 6% to RM210.31mil
22/02/2023 (The Star Online), Kuala Lumpur - Hap Seng Plantations Holdings Bhd’s net profit for the financial year ended Dec 31, 2022 (FY2022) fell six per cent to RM210.31 million from RM224.02 million in the same period for FY2021.
Arawana’s profit falls a second year as costlier commodities erode margins at China’s largest cooking oil processor
22/02/2023 (South China Morning Post) - Yihai Kerry Arawana Holdings said its profit declined for the second year, as higher material costs stoked by the Russia-Ukraine war undermined margins at China’s biggest cooking oil processor.
RM446m channelled to rubber smallholders under IPG Scheme since 2015: Fadillah
22/02/2023 (The Sun Daily), Kuala Lumpur - The Federal Government has channelled RM446 million to 207,128 rubber smallholders nationwide through the Rubber Production Incentive (IPG) scheme from September 2015 to Dec 31, 2022, said Deputy Prime Minister Datuk Seri Fadillah Yusof .
China recovery to offset tepid global demand
22/02/2023 (The Star Online), Petaling Jaya - Malaysia’s exports are expected to see slower growth amid a weaker global economy this year.
Soybeans Slip Lower On Wednesday
23/02/2023 (Barchart) - Soybeans were down ¼ to 9 ¼ cents out to the summer 2024 contracts, with a few deferred contracts beyond that up ¼ to 2 ¾ cents. Meal was $3.20 to 5.10 lower in the front months, to add pressure to the complex. Soy oil was up 5 to 10 points in the front months.
