Berita Terkini

OILS & FATS
24-11-2022

KLK, Batu Kawan's 4Q earnings dragged by lower investment holding and manufacturing profits

23/11/2022 (The Edge Markets) - Batu Kawan Bhd and its 47.74%-held Kuala Lumpur Kepong Bhd (KLK) reported lower earnings for the fourth quarter ended Sept 30, 2022 (4QFY2022), mainly dragged by significantly lower investment holding and manufacturing profits.

OILS & FATS
24-11-2022

Kuala Lumpur Kepong Bhd net profit retreats to RM2.17b in FY2022

23/11/2022 (Malay Mail) - Kuala Lumpur Kepong Bhd’s (KLK) net profit dropped to RM2.17 billion in the financial year ended September 30, 2022 (FY2022) from RM2.26 billion posted in FY2021 due to investment losses.

MARKET DEVELOPMENT
23-11-2022

CPO prices to be supported at current levels in near term, say analysts

22/11/2022 (The Edge Markets) - ANALYSTS are expecting crude palm oil (CPO) prices, which have risen in recent weeks, to hover at its current level in the near term amid seasonality factors, competitive pricing compared with the soybean oil market, decent export performance, ongoing geopolitical tensions and waiver of Indonesia’s CPO export levy.

OILS & FATS
23-11-2022

Boustead Plantations expects continued volatility in palm oil prices

22/11/2022 (The Star Online), Kuala Lumpur - Following a decline in profitability in the recent quarter, Boustead Plantations Bhd said the prices of palm oil are expected to remain highly volatile for the rest of the year due to high stock levels in Malaysia and Indonesia.

OILS & FATS
23-11-2022

Human rights and environment become key in procuring palm oil

22/11/2022 (The Japan Times) - Japanese companies are facing increasing calls for eliminating human rights violations and giving adequate consideration to environmental protection when building and operating supply chains, ranging from the procurement of raw materials to the manufacture and sale of products.

MARKET DEVELOPMENT
23-11-2022

Fitch Solutions trims palm oil short-term price forecasts

22/11/2022 (Fitch Solution), Kuala Lumpur - Fitch Solutions Country Risk and Industry Research on Tuesday trimmed palm oil short-term price forecasts on the easing of global edible oils market and weaker demand outlook.

MARKET DEVELOPMENT
23-11-2022

Boustead Plantations slips into red in Q3 on lower palm product prices

22/11/2022 (New Straits Times), Kuala Lumpur - Boustead Plantations Bhd posted a net loss of RM352,000 for its third quarter (Q3) ended Sept 30, 2022 versus a net profit of RM95.56 million in the same period last year.

OILS & FATS
23-11-2022

Palm oil: A diamond purposely kept in the rough!

23/11/2022 (Daily Mirror Online) - Sri Lanka is purposely ignoring the economic opportunities of oil palm cultivation, at a time when the rest of the world is strengthening economies through the cultivation of productive and economically important crops, such as oil palms.

MARKET DEVELOPMENT
23-11-2022

Palm tracks rival edible oils lower; firm exports limit fall

22/11/2022 (Business Recorder), Jakarta - Malaysian palm oil futures extended losses on Monday in line with rival edible oils, as concerns of COVID-19 lockdown in China weigh on demand expectation, although firm exports data cushioned some of the declines.

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