News
Plantation Stocks Set For Uptrend
Analysts are generally bullish on plantation counters in the short term given the shortage of workers on oil palm estates in Sabah, the country’s biggest palm oil producer. Shares of plantation companies bucked the broader market’s fall yesterday after industry officials said that palm o...
Malaysia Dec Palm Exports Drop 9.5pc
Exports of Malaysian palm oil products for December 1-15 fell 9.5 per cent to 609,874 tonnes from 674,148 tonnes shipped between November 1 and 15, cargo surveyor Intertek Testing Services said on Tuesday. – Reuters Source: Business Times
Higher Q2 profit for United Malacca
PETALING JAYA: United Malacca Bhd said its pre-tax profit and revenue fell to RM24.59mil and RM44.34mil respectively for the second quarter ended Oct 31 as lower crude palm oil and palm kernel prices, and lower fresh fruit bunch (FFB) production hit its plantation operations. Net profit, however, wa...
AmResearch: Planters may step up RSPO compliance
Unilever’s move to cut ties with Indonesia’s Sinar Mas could prompt Malaysian planters to comply with rules set by the Roundtable on Sustainable Palm Oil (RSPO) before the commodity can be exported. RSPO, is a producer, consumer, supplier and non-governmental organisation that requires o...
Palm eases on crude price drop
JAKARTA: Malaysian crude palm oil futures fell 0.7 per cent yesterday, after short-covering narrowed a loss of as much as 2 per cent due to a drop in crude oil prices and talk of lower exports for the first half of December, traders said. “The market tried to move down below the RM2,500 level when [...
Commodity Exports To Earn Less This Year
Export earnings of Malaysia’s agricultural commodities are projected to fall 20 per cent to RM90 billion this year as palm oil and rubber prices ease from last year’s record highs. A Statistics Department update indicates declines in exports across the board: from palm oil to timber, rub...
