News
Ministry optimistic of CPO price reaching RM2,600
KUALA LUMPUR (Aug 4): The Ministry of Plantation Industries and Commodities (MPIC) is optimistic that the price of crude palm oil (CPO) will continue to rise up to RM2,500-RM2,600 per tonne by the end of this year. Its minister, Datuk Muhd Khairuddin Aman Razali, said demand for the country’s ...
Sarawak Land Authority: Palm oil fruit theft expected to occur more frequently with rising price of crude palm oil
KUCHING, Aug 3 — With the rising price of crude palm oil (CPO), the theft of palm oil fruit is expected to happen more often, said Sarawak Land Consolidation and Rehabilitation Authority (Salcra). In a statement today, it said that six residents of a longhouse in Undop, Sri Aman were arrested for st...
Palm oil falls on stronger ringgit, set to snap three-day rally
Malaysian palm oil futures were set to end a three-day rally on Monday, slipping from their highest in more than five months, as a stronger ringgit made the edible oil less attractive to foreign buyers. Palm oil for October delivery on the Bursa Malaysia Derivatives Exchange fell 0.6% to 2,760 ringg...
Palm oil to recover in 2H, fuelled by China, India uptake
KUALA LUMPUR: The local palm oil sector is poised to begin its recovery in the second half (2H) of 2020 following the easing of Covid-19 lockdowns globally. This would in turn improve global demand from major consumers particularly China and India, said Boustead Plantations Bhd chief executive offic...
Palm oil industry may see full recovery in 4Q if pandemic manageable — CPOPC
KUALA LUMPUR (July 22): The palm oil industry may see a full recovery in the fourth quarter of this year (4Q20) if the Covid-19 pandemic is manageable and contained, the Council of Palm Oil Producing Countries (CPOPC) said. The council also believed that there is a possibility of a rebound...
Ta Ann expects palm oil prices to be pulled by slowing market demand
KUCHING: Ta Ann Holdings Bhd (Ta Ann) is expecting the palm oil commodity prices to be negatively affected by a slowdown of the market demand in the short and possibly medium term. According to executive chairman Datuk Amar Abdul Hamed Sepawi in Ta Ann’s Annual Report 2019, last year presented itsel...
