WTK crude palm oil output jumps 261% in Q3
KUCHING: WTK Holdings Bhd has reported impressive production volumes of crude palm oil (CPO), fresh fruit bunches (FFB) and palm kernel in the July-September 2023 quarter (3Q2023) from a year ago. In the current quarter under review, CPO output soared by 261 per cent to 16,139 tonnes (3Q2022: 4,472 tonnes). FFB production volume surged by […]
Agrico Qatar interested in crude palm oil supply from M’sia
KUALA LUMPUR: Agrico Agriculture Development W.L.L. (Agrico Qatar), an organic agriculture company based in Qatar, intends to obtain a supply of crude palm oil for its palm oil refinery in Malaysia, says Prime Minister Datuk Seri Anwar Ibrahim. He said this was among the matters raised when he received a courtesy call from Agrico Qatar […]
Analysts maintain CPO 2023 price forecast at RM3,800 per tonne
KUALA LUMPUR: Analysts are maintaining their neutral stance on the plantation sector with a full-year crude palm oil (CPO) price forecast of RM3,800 per tonne. In a research note today, Public Investment Bank Bhd (PIVB) said despite seeing a dip in palm oil exports, inventories shrank to the lowest level in more than a year […]
Subur Tiasa Q2 pre-tax profit up at RM29.2m
KUCHING: Subur Tiasa Holdings Bhd’s bottomline has received a major boost from increased sales price of crude palm oil (CPO) and higher logs sales volume. In second quarter ended June 30, 2022 (Q22022), Subur Tiasa chalked up group pre-tax profit of RM29.2 million from RM16.9 million in Q12022 as revenue jumped to RM171.3 million from […]
Sarawak stayed top CPO producer in July
KUCHING: Sarawak continued as the country’s top producer of crude palm oil (CPO) in July 2022, with output of 345,165 tonnes. Sarawak’s July CPO output was the highest monthly this year and exceeded June production of 329,638 tonnes by 15,527 tonnes or 4.7 per cent, according to the latest monthly data from Malaysian Palm Oil […]
CPO prices not dip below RM4,500 per tonne
ALOR GAJAH: Crude palm oil (CPO) prices are not expected to fall below RM4,500 a tonne, said Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin. She said that CPO prices were expected to drop by the end of the year but this had occurred earlier as a result of Indonesia’s palm oil export ban and […]
India reduces import duty on crude palm oil
By Shakir Husain NEW DELHI: The Indian government has reduced its import duty on crude palm oil (CPO) from 15 per cent to 10 per cent amidst the high domestic edible oil prices. The new tax rate will be effective from June 30 to Sept 30, 2021, according to a notification on Tuesday. The effective […]
Sarawak has 1.59 million hectares of oil palm plantations
KUCHING: Sarawak has a large acreage of oil palm plantations which is expected to contribute significantly to the state’s socio-economic progress in the future, said Datuk Willie Mongin. The Deputy Minister of Plantation Industries and Commodities revealed that Sarawak had 1.59 million hectares of oil palm plantations or 27.3 percent of the overall 5.87million hectares […]
Licence to purchase crude palm oil needed
KUCHING: The Ministry of Plantation Industries and Commodities (KPPK) will look into issuing a licence for East Asia Palm Products Sdn Bhd (EAPP) to purchase crude palm oil from nearby oil refining companies. KPPK deputy minister Datuk Willie Mongin said EAPP had previously only received crude palm oil supplies from companies in Bintulu and it […]
India’s import duty revision reduces CPO competitiveness
KUALA LUMPUR: Research firms believe that India’s import duty hike on crude palm oil (CPO) will reduce the price competitiveness of the commodity against other edible oils in the country, resulting higher cooking oil price with higher duties. CGS-CIMB, in a research note on Wednesday, said the move would be a negative development for palm […]
