Palm Voices: Plant A Thought

Nutella maker defends palm oil

ALBA: The US$44bil palm oil industry, under pressure in Europe after authorities listed the edible oil as a cancer risk, has found a vocal ally in the food sector: the maker of Nutella.

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Big business: According to UOBKayHian Research’s calculations, Sime Darby’s plantation business may be worth RM50.9bil.

Plantation asset demerger to unlock value for Sime Darby

19 January 2017

PETALING JAYA: Sime Darby Bhd may opt to demerge its plantation business while merging its property division under Permodalan Nasional Bhd’s (PNB) asset portfolio in a bid to create better value for existing shareholders, says UOBKayHian Research.

FIC’s revamp will make it more competitive - GWGF

18 January 2017

SHAH ALAM: The proposed reorganisation of Felda Investment Corp Sdn Bhd’s (FIC) management is a step in the right direction to turn it into a more competitive company, Gabungan Wawasan Generasi Felda (GWGF) said.

Lower production: Export of palm oil products declined by 8.2% in 2016 to 23.29 million tonnes from 25.37 million tonnes a year ago, mainly due to lower production.

Higher palm oil export revenue seen

18 January 2017

KUALA LUMPUR: The Plantation Industries and Commodities (MPIC) Ministry is optimistic of achieving higher palm oil export revenue in 2017 on the back of better prices seen in the commodity now.

Matang chairman confident of better outlook for crude palm oil

18 January 2017

KUALA LUMPUR: Smallish plantation company Matang Bhd expects to register a strong performance this year on favourable crude palm oil (CPO) prices and robust demand.

Felda seeks to raise cash via Maybank share sale

17 January 2017

PETALING JAYA: The Federal Land Development Authority (Felda) is seeking to sell about RM280mil worth of shares in Malayan Banking Bhd (Maybank), paring down its stake in the nation’s biggest bank, weeks after the government agency said it would acquire a substantial stake in an Indonesian planter.

Wan Kamaruzaman says the proposal to take FGV private must come at the right price. - Bernama pic

FGV privatisation must be justified, says KWAP

12 January 2017

KUALA LUMPUR: The move to privatise Felda Global Ventures Holdings Bhd (FGV) must be backed by sufficient rationale before the proposal is implemented, says Retirement Fund Inc (KWAP).

Nutella maker defends palm oil

12 January 2017

ALBA: The US$44bil palm oil industry, under pressure in Europe after authorities listed the edible oil as a cancer risk, has found a vocal ally in the food sector: the maker of Nutella.

Lower figures: The consensus by industry analysts was for a 3 decline to 1.61 million tonnes. – Reuters

Slowdown in Malaysia’s palm oil inventory growth

11 January 2017

PETALING JAYA: Malaysia’s palm oil inventory rose by 0.2% in December amid lower export figures despite initial expectations of a decline, according to the latest figures by the Malaysian Palm Oil Board (MPOB).

Muhibbah unit wins RM438mil contract in Qatar

11 January 2017

PETALING JAYA: Muhibbah Engineering (M) Bhd’s unit has won a RM438.1mil contract to undertake the construction of road and infrastructure works at a special economic zone in Qatar.

CPO likely to trade higher at between RM2,700 and RM2,800 this year

11 January 2017

KUALA LUMPUR: Palm oil industry players have more reason to celebrate following expectations of crude palm oil (CPO) trading better this year, as an average price of RM2,700 to RM2,800 per tonne has been forecast for 2017 compared with about RM2,600 per tonne last year.

Key areas: Resolving the issue of stagnating palm fruit yields and pushing for mechanisation in plantations to mitigate labour shortage are the Plantation Industries and Commodities Ministry’s priority, says its minister.
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A century of growth

10 January 2017

Malaysia marks 100 years of commercial oil palm cultivation this year. Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong talks to StarBiz about issues to overcome and initiatives to ensure the sustainability of this golden crop.

Matang IPO oversubscribed by 4.2 times

7 January 2017

KUALA LUMPUR: Oil palm plantation company Matang Bhd, which is eyeing a listing on the Ace Market, has attracted share applications from the Malaysian public representing an oversubsription rate of 4.21 times.

Shahrir named new Felda chairman

7 January 2017

KUALA LUMPUR: Tan Sri Shahrir Abdul Samad has been named the new Federal Land Development Authority (Felda) chairman in line with the government’s aspiration to strengthen the agency’s leadership.

Analysts say that this year, local planters could stand to gain from the CPO average selling prices of between RM2,500 and RM2,800 per tonne.

Positive profit indicators for oil palm planters

7 January 2017

THE current steep crude palm oil (CPO) price trading above RM3,000 per tonne and the lower palm oil inventory are positive profit indicators for oil palm plantation companies moving into year 2017.

Crude palm oil being unloaded from tankers

CPO price expected to strengthen further this year

6 January 2017

JASIN: The price of crude palm oil (CPO) is expected to strengthen further this year based on the price increase of up to 45% last year, as well as government initiatives to venture into various markets especially China.

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