Shrinking global palm oil supplies, strong biodiesel demand to boost prices
STAGNATING global palm oil production and higher biodiesel mandates are likely to curb supplies of the world’s most used vegetable oil this...
Mielke sees Malaysian palm oil price at RM3,800 to RM4,300 in next three months
MALAYSIAN palm oil price is seen trading in the range of RM3,800 to RM4,300 in the next three months as supplies tighten...
World’s biggest palm oil exchange to launch soyoil futures
BURSA Malaysia Derivatives Exchange (BMD), the world’s leading exchange for crude palm oil futures, will launch a soyoil futures contract on Mar...
Golden Agri’s H2 profit falls 96.1% to US$15.3 million; proposes S$0.00613 final dividend
GOLDEN Agri-Resources reported net profit of US$15.3 million for the second half ended Dec 31, 2023, down 96.1 per cent from US$392.4...
Indonesia plans to double palm oil replanting subsidy to spur participation
INDONESIA plans to double its palm oil replanting subsidy, chief economic minister Airlangga Hartarto said in a statement on Tuesday (Feb 27)...
Bumitama Agri’s H2 profit climbs 94.7% to 1.26 trillion rupiah on higher palm product sales
INDONESIAN palm oil producer Bumitama Agri posted a 94.7 per cent rise in net profit for the second half ended Dec 31...
Crude palm oil sees tug of war between bull and bears
THE prices of the benchmark active Malaysian crude palm oil futures contract remained ensnared in a tight range throughout the week starting...
Malaysia palm oil output to benefit from entry of foreign workers
MALAYSIA’S palm oil sector could generate additional output and revenue of up to RM4 billion (S$1.1 billion) this year, following a government...
Broker’s take: UOBKH cuts Wilmar target, expects negative sentiment from unit’s alleged fraud case
UOB Kay Hian (UOBKH) on Tuesday (Jan 23) cut its target price on Wilmar International by 11.8 per cent to S$3.35 from...
Indonesia approved 53,012 hectares of palm oil replanting in 2023
INDONESIA in 2023 approved the replanting of 53,012 hectares (ha) of palm oil trees on land owned by smallholder farmers under a...