News
Palm oil inventory to rise, seasonally higher output
KUALA LUMPUR: Palm oil stock levels are expected to rise as demand from the food and energy sectors continues to be affected by the Covid-19 pandemic and volatile crude oil prices. Affin Hwang Investment Bank Bhd expects crude palm oil (CPO) prices to remain volatile in the second-half of this year ...
MPOC expects palm oil production to grow to 19.5 million in 3Q
KUALA LUMPUR (June 11): The Malaysian Palm Oil Council (MPOC) is forecasting total palm oil production to increase to between 19.5 million to 19.6 million tonnes in the third quarter, compared with 16.44 million tonnes a year ago. Speaking at the webinar organised by the MPOC, its CEO Datuk Dr Kalya...
Timely repair of India-M’sia relations good for palm oil
AS palm oil production moves into the seasonally higher months during the second half of the year, the improved diplomatic relations between India and Malaysia has been timely. In April alone, the palm oil inventory level was higher than the projected consensus of 1.89 million tonnes, rising 18% mon...
Palm oil stocks down nearly half a percent in May
KUALA LUMPUR: Malaysia’s total palm oil stocks eased 0.49 per cent month-on-month (m-o-m) to 2.03 million tonnes in May 2020 from 2.04 million tonnes recorded in April. The Malaysian Palm Oil Board (MPOB) said on Wednesday crude palm oil (CPO) stock declined 4.60 per cent m-o-m in May to 996,7...
Malaysia’s palm oil stocks ease 0.49% in May
KUALA LUMPUR (June 10): Malaysia’s total palm oil stocks eased 0.49% month-on-month (m-o-m) to 2.03 million tonnes in May 2020 from 2.04 million tonnes recorded in April, the Malaysian Palm Oil Board (MPOB) said today. In a statement, the industrial regulator said...
Export duty exemption on palm and palm kernel oil fuels interest in plantation stocks
KUALA LUMPUR (June 9): Following the government’s decision to exempt the export duty on both refined and crude palm oil (CPO) and palm kernel oil, investors have showed keen interest in plantation stocks. As of noon market close, FGV Holdings Bhd was up by 0.9% or a sen higher at RM1.12 per sh...
