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Palm tracks gains in Dalian and Chicago rival oils, stronger crude
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Malaysia raises palm oil export duty for April
Middle East conflict boosts demand for alternative fuels
Indonesia's 2021 palm oil exports, output to fall for second year — association
SINGAPORE (Nov 23): Indonesia's palm oil exports and production in 2021 are both likely to fall for a second straight year, the vice chairman of the country's palm oil association (GAPKI) said on Tuesday.
Plantation industry urged to adopt circular economy
THE Ministry of Plantation Industries and Commodities is working closely with key stakeholders to future-proof the palm oil industry.
CPO futures close lower on Nov 24, following report of higher output
KUALA LUMPUR (Nov 23): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Tuesday (Nov 23), driven by stronger output data.
Boustead Plantations earnings up five-fold in Q3
PETALING JAYA: Boustead Plantations Bhdhttps://cdn.thestar.com.my/Themes/img/chart.png’s net profit jumped five-fold to RM95.56mil in the third quarter ended Sept 30, 2021, from RM17.97mil in the same period a year ago, thanks to higher palm product prices.
Traders want soybean oil price hike again
After raising the price of soybean oil by Tk7 per litre on 19 October, edible oil traders want to increase the price again on the pretext of price hikes in international market.
Keck Seng 3Q profit up on better palm oil refining margins, improved hotel occupancy
KUALA LUMPUR (Nov 22): Palm oil producer Keck Seng (Malaysia) Bhd's net profit rose 327% to RM17.56 million for the third quarter ended Sept 30, 2021 (3QFY21), compared with RM3.84 million in the immediate preceding quarter, on better refining margins.
“Opportunities and Challenges for Palm Oil Producer Countries (OCOPOP)
The Council of Palm Oil Producing Countries (CPOPC) aims to continue engaging the palm oil industry to present the correct narratives to help the market perceive a balanced market perception through the “Opportunities and Challenges for Palm Oil Producer Countries (OCOPOP) webinar. The current bullish prices of palm oil can be sustained if threats and challenges are identified, and producer countries develop strategies to mitigate any possible setbacks. An immediate focus is how the industry will be able to formulate strategies and actions to ensure the continuation of current remunerative prices for 2022.
Palm oil may test 4,926 ringgit, preparing for a deep fall
SINGAPORE: Palm oil may test a support zone of 4,926-4,960 ringgit per tonne, following its failure to break a resistance at 5,071 ringgit.
Malaysia-UAE bilateral trade set to record double-digit growth next year
DUBAI (Nov 22): The bilateral trade between Malaysia and United Arab Emirates (UAE) is set to record healthy double-digit growth in the post-pandemic era next year, said Malaysia’s Ambassador to the UAE Mohd Tarid Sufian.
