News
Apex Securities keeps ‘neutral’ call on plantation sector as CPO recovery seen priced in
KUALA LUMPUR (Jan 15): Apex Securities has kept its “neutral” call on the plantation sector as the market is believed to have factored in the recovery of crude palm oil (CPO) prices to around the RM4,000 per tonne projected by the research house. In a note, Apex Securities said the plant...
OCBC Research revises 2024 CPO price to average RM3,650 per tonne
KUALA LUMPUR: OCBC Global Markets Research has revised its 2024 crude palm oil (CPO) prices to average RM3,650 per tonne up from the previous estimate of RM3,400. In the Monthly Commodity Outlook, the research firm said the upward price revision reflects a growing supply risk as El Nino weather disr...
Crucial 2024 likely for palm oil industry
KUALA LUMPUR: The Council of Palm Oil Producing Countries (CPOPC) views 2024 to be a critical year for the palm oil industry, underpinned by the upcoming enforcement of the new European Union Deforestation-Free Regulation (EUDR) as well as other new legislations. CPOPC deputy secretary general Datuk...
Palm oil reserves seen rising to four-year high
PETALING JAYA: Palm oil stockpiles in Malaysia likely expanded for a seventh straight month to the highest level since April 2019 as production in the world’s second-biggest grower outstripped its exports of the tropical oil. Inventories rose about 1.2% in November from a month earlier to 2.48 milli...
Powering a sustainable future
PETALING JAYA: The palm oil industry, a key backbone of Malaysia’s national economic growth, can play a major role in powering a sustainable future for the country. FGV Holdings Bhd, one of the world’s largest producers of crude palm oil, is among the forerunners of this effort by turning biomass by...
India’s November palm oil imports up 22% on lower prices, say dealers
MUMBAI (Dec 4): India’s palm oil imports in November jumped more than a fifth from the previous month, as refiners favoured the tropical oil, due to steep discounts compared to rival soyoil and sunflower oil, five dealers told Reuters on Monday. Higher p...
