NEWS FEED
  • 26 May, 2017
    Malaysian palm oil price rebounds from three-week low on stronger export data
    Malaysian palm oil futures moved off three-week lows on Thursday to trade about 1 percent higher for their first gain in three sessions after cargo surveyor data showed stronger export demand in May. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up 1 percent at 2,607 ringgit ($609.54) a tonne by the close, having touched its lowest since May5 at 2,566 ringgit.
  • 26 May, 2017
    PPB Group gets profit boost from associate Wilmar
    PPB Group Bhd recorded a 45% increase in net profit to RM358mil for the first quarter ended March 31, 2017, from RM246.24mil a year ago. The conglomerate attributed the growth to its associate company, agribusiness firm Wilmar International Ltd, as well as an improved performance in its consumer products segment. “Most of the group’s other segments posted lower profits in the first quarter compared with the same period last year,” PPB said in a filing with Bursa Malaysia on Thursday. Revenue for the quarter fell by 8% to RM1.03bil from RM1.12bil previously.
  • 26 May, 2017
    TDM Bhd expects higher crop output with new estate design
    TDM Bhd is expecting higher crop output after it adopted a new oil palm estate design under its replanting exercise. Under the new layout, it is possible to increase the number of oil palm trees from 110-112 per hectare to 145-160 per ha – a hike of over 30 per cent. Group managing director Datuk Mohamat Muda said there will also be more mechanisation in all the estates, which would raise productivity and efficiency in the long run.
  • 26 May, 2017
    Palm rebounds from 3-wk low on data showing stronger exports
    Malaysian palm oil futures came off three-week lows on Thursday to trade about half a percent higher and were headed for their first gain in three sessions after cargo surveyor data showed stronger export demand in May. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up 0.4% at RM2,591 (US$606.37) a tonne at the midday break. Earlier in the session, it hit its lowest since May 5 at RM2,566.
  • 25 May, 2017
    Chinese demand for palm oil set to drop as buyers snap up alternative cargoes
    KUALA LUMPUR, May 24 Palm oil demand from China, the world's No.2 importer of the commodity, is set to drop in coming months as supplies of alternative edible oils flood local markets, industry sources said.