News
Sarawak likely to overtake Sabah in three years to become country’s largest CPO producing state — UOB Kay Hian plantation research director
KUALA LUMPUR (Oct 4): Sarawak is likely to overtake Sabah to become the largest crude palm oil (CPO)-producing state in the country in three years’ time as Sarawak’s CPO production is still at a growth stage due to its younger age profile. “There is [a] better production growth coming fr...
Carbon farming and palm oil
THE palm oil business can no longer ignore the call to embrace sustainability more thoroughly. As the consequences of the climate crisis grow, businesses worldwide are investing in climate mitigation measures. Tree crops like the oil palm are viewed as a natural sequester of carbon (one of the green...
No change seen in CPO windfall tax
PETALING JAYA: A revision in the threshold price for the crude palm oil (CPO) windfall profit tax (WPT) structure is highly unlikely, given the government’s plan to further increase its tax revenue amid the Covid-19 pandemic environment, say industry observers. Since its last revision in 2009, attem...
Malaysian palm oil shipments to MENA may grow up to 75% of region’s import of the commodity in five years
KUALA LUMPUR (Sept 21): Malaysia’s shipments of palm oil based-oils and fats to the Middle East and North Africa (MENA) may grow up to 75% of the region’s import of the commodity in the next five years from the current 64%, amid population growth and an increase in demand for palm oil for the food [...
Steady earnings ahead for palm planters
Most of the plantation companies’ results in Q2 were within our expectations, with the anticipation coming from the higher CPO prices, said an analyst. PETALING JAYA: Plantation players, which saw strong earnings in the second quarter (Q2), will continue to enjoy the earnings uptrend in the followin...
CGS-CIMB: CPO prices to remain at RM3,500-RM4,000 per tonne in Sept
KUALA LUMPUR, Sept 6 — CGS-CIMB foresees crude palm (CPO) prices to remain firm between RM3,500 and RM4,000 per tonne this month. In a note today, the research house maintained its average CPO price forecasts of RM3,700/RM2,900/ RM2800 per tonne for 2021/2022/2023, and reiterated its ‘neutral’ call ...
