News
Palm oil price jumps 12pct in two months to historical high: MPOB
KUALA LUMPUR: Malaysia’s crude palm oil (CPO) price has risen 12.03 per cent in just two months since March 15, said Malaysian Palm Oil Board (MPOB). MPOB director general Dr Ahmad Parveez Ghulam Kadir said CPO had recorded its best performance in the history of Malaysian palm oil when it surg...
Palm oil drops as Malaysian stockpiles climb to 5-month high
PALM oil fell from a record after a report showed inventories in Malaysia climbed more than expected to a five-month high and as soybeans and soybean oil took a breather from their blistering rally. Stockpiles of palm oil in the world’s second-biggest grower increased 7.1% in April from a month earl...
Malaysia to collect nearly RM300m from windfall tax on palm oil in 1Q21 — minister
KUALA NERUS (May 8): The government is expected to earn RM295 million in windfall profit tax in the first three months of this year with crude palm oil (CPO) prices rising above RM2,500 a tonne. Plantation Industries and Commodities Minister Datuk Dr Khairuddin Aman Razali said this was a positive d...
Malaysia’s April palm oil stocks seen lower as exports jump
KUALA LUMPUR (May 5): Malaysia’s palm oil stockpile in April likely inched lower despite production rising to a six-month high, hampered by robust exports and plummeting imports, a Reuters survey showed on Wednesday. Inventories were seen declining 0.27% from the month before to 1.44 million t...
Palm oil swings with soyoil rally and rising stockpiles in focus
KUALA LUMPUR: Palm oil fluctuated as investors weighed the bullish impact of the relentless rally in global farm commodities with increasing stockpiles of the tropical oil in second-biggest grower Malaysia. Futures in Kuala Lumpur fell as much as 0.3%, then climbed 1.1%, before paring gains by the m...
Plantation counters see higher interest following rise in CPO prices
KUALA LUMPUR (May 4): Plantation counters on Bursa Malaysia demonstrated greater interest from investors this morning after crude palm oil (CPO) prices rallied even further. As of 9.30am, shares in Gopeng Bhd, Sarawak Oil Palms Bhd (SOP), United Malacca Bhd, Kluang Rubber Company (Malaya) Bhd, ...
