KUALA LUMPUR (May 30): Far East Holdings Bhd (KL:FAREAST) reported a 67% increase in net profit for the first quarter, supported by higher palm oil prices and improved fresh fruit bunches (FFB) processing volumes. The net profit for the three months ended March 31, 2025 (1QFY2025) rose to RM47.93 million from RM28.7 million a year…
KUALA LUMPUR (May 29): Jaya Tiasa Holdings Bhd (KL:JTIASA) reported a net profit of RM40.93 million for the third quarter of financial year 2025 (3QFY2025), more than four times higher than RM9.89 million a year earlier. This was due to higher selling prices of crude palm oil (CPO) and palm kernel. Earnings per share rose…
KUALA LUMPUR/MUMBAI (Dec 13): Malaysia’s palm oil production is set to fall for the fourth consecutive month in December as heavy rainfall hit harvesting in the world’s second-largest producer of the tropical oil, the industry regulator told Reuters on Friday. Lower output in Malaysia would curb inventories in the country and further boost benchmark futures,…
KUALA LUMPUR (Dec 11): The Ministry of Plantation and Commodities is confident the increase in import tax implemented by India on the price of Malaysian palm oil is temporary. In a reply at the Dewan Rakyat sitting on Wednesday, it said the increase was part of India’s efforts to protect its domestic oil prices and support…
KUALA LUMPUR (Dec 11): The Ministry of Plantation and Commodities is confident the increase in import tax implemented by India on the price of Malaysian palm oil is temporary. In a reply at the Dewan Rakyat sitting on Wednesday, it said the increase was part of India’s efforts to protect its domestic oil prices and support…
JAKARTA (Dec 6): The Council of Palm Oil Producing Countries (CPOPC) forecasts palm oil prices could range between RM4,000 and RM5,000 per tonne in 2025, driven by stagnating production in key markets, particularly Indonesia and Malaysia. “As global demand for palm oil grows, stagnating production is likely to result in a supply shortage, driving prices…
KUALA LUMPUR (Nov 11): Palm oil prices, which have recently surged above the RM5,000 mark, are expected to remain elevated through the first quarter of 2025 (1Q2025) amid tight supplies from both Indonesia and Malaysia as well as the upcoming implementation of Indonesia’s B40 biodiesel mandate. However, further price increases are likely to be limited,…
KUALA LUMPUR (Nov 11): Bursa Malaysia’s Plantation Index rose to a 29-month high on Monday, bucking the broader market decline, as analysts expect crude palm oil (CPO) prices to remain elevated into 2025 as supplies tighten, ahead of Indonesia’s plan to implement biodiesel containing a mandatory 40% blend of palm oil-based fuel (B40) from January…
JAKARTA (Nov 11): Consumer brands including Nestle and Procter & Gamble said they conducted investigations after an environmental group said palm oil sourced from an illegally cleared wildlife reserve in Indonesia may have found its way into their supply chains. Rainforests within the legally protected wildlife reserve had been cleared to make way for palm…
JAKARTA (Dec 6): The Council of Palm Oil Producing Countries (CPOPC) forecasts palm oil prices could range between RM4,000 and RM5,000 per tonne in 2025, driven by stagnating production in key markets, particularly Indonesia and Malaysia. “As global demand for palm oil grows, stagnating production is likely to result in a supply shortage, driving prices…
