oil palm


CPO inventory at all-time high

KUCHING: Malaysian crude palm oil (CPO) inventories reached an all-time high after surpassing 3.01 million metric tonnes (MT) in November. The team at Public Investment Bank Bhd (Public Invest Research) noted that inventories saw a 10.6 per cent monthly rise rise, hitting a new high of 3.01 million MT. The inventory numbers also topped industry […]

A dreary year for plantation sector

KUCHING: Malaysia’s plantation sector might see a weak fourth quarter (4Q), continuing its disappointing streak and ending the year on a low note, analysts observed. “Average crude palm oil (CPO) price has declined by 5.6 per cent from RM2,322 per tonne in 3Q2018 to RM2,191 per tonne so far in 4Q18. “We believe that this […]

Crude Palm Oil Weekly Report – December 8, 2018

The Malaysia palm oil futures (FCPO) resumed earlier losses, down from a one-week low on Monday due to expectations of rising inventories in Malaysia and the temporary removal of Indonesia’s export levy. On Friday, FCPO decreased 2.05 per cent to 1,998 as compared with last Friday’s closing price at 2,039, a total of 41 points. […]

Ministry to assist smallholders towards MSPO certification

KUALA LUMPUR: The Ministry of Primary Industries will be working hand in hand with smallholders in the plantation sector to achieve the Malaysian Sustainable Palm Oil (MSPO) certification, which will be mandatory by end-2019. Its Minister, Teresa Kok Suh Sim, said the certification would allow smallholders, who account for about 40 per cent of the […]

Fima Corp Q2 net profit rises to RM30.17m

KUALA LUMPUR, Nov 22 — Fima Corporation Bhd’s net profit for the second quarter (Q2) ended September 30, 2018, rose to RM30.17 million from RM12.55 million reported in the same quarter last year. Revenue increased to RM70.36 million from RM68.74…

RSPO’s update on principles and criteria has no impact on Sime Darby, IOI, says Moody’s

KUALA LUMPUR, Nov 20 — The Roundtable of Sustainable Palm Oil’s (RSPO) update on its Principles and Criteria (P&C) is not likely to impact three of four Moody’s Investors Service rated palm oil producers, which include Malaysia’s Sime…

Govt looking into fate of rubber tappers

JELEBU, Nov 17 —  The Primary Industries Ministry is looking into the fate of rubber tappers based on current rubber prices. Its minister, Teresa Kok said the ministry has presented this matter to the Cabinet for their review. She said the…

Biosecurity plan for oil palm to benefit industry

KAJANG: With the newly-launched Biosecurity Plan for oil palm in place, various agencies, the industry and stakeholders will be more committed and vigilant in responding to any potential intrusion of exotic pests and diseases into Malaysia. This, will in turn, protect the health and yield of oil palm, said Minister of Primary Industries, Teresa Kok. […]

Tech-driving growth in Sarawak’s agriculture

Agriculture remains a key frontier industry for Sarawak, as examplified by two major events — the Sarawak Agrofest 2018 and International Conference on Agriculture and Agro-based Industry Sarawak 2018 (ICAAS 2018), which are related to the development of agriculture in the state — being held last month. The Sarawak Agrofest 2018 wase held from Oct […]

Nextgreen, Nomura and IHI Corporation to explore Green Technology partnership

KUALA LUMPUR/TOKYO: Nextgreen Global Bhd (Nextgreen), Nomura Holdings, Inc (Nomura) and IHI Corporation (IHI) yesterday entered into a Memorandum of Understanding (MoU) to explore collaboration and investment for Green Technology Park in Pahang (GTPP), Malaysia. GTTP was conceptualised and put forward by NGGB as a pioneering new industry model, aimed at leading the world towards […]