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Zakaria sure he’ll be proven innocent

20 June 2017

PETALING JAYA: Datuk Zakaria Arshad, who was recently suspended as Felda Global Ventures Holdings Bhd (FGV) group president and CEO, is confident of a po­sitive outcome to the domestic inquiry he is facing.

Isa resigns from FGV posts

20 June 2017

PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) has announced the resignation of its chairman Tan Sri Mohd Isa Abdul Samad.

Malaysian palm oil futures rose more than 1 percent on Friday evening, charting a third straight day of gains, supported by a weaker ringgit MYR= and rising related edible oils.

Malaysian palm oil'Vegoils: Market factors to watch Monday June 19

19 June 2017

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday June 19.

FGV needs top-level changes, says Felda chief

19 June 2017

JOHOR BARU: There should be a leadership change at the hi­­ghest level of Felda Global Ven­­tures Holdings Bhd (FGV), including a change in its chairman, said Federal Land De­­velopment Authority (Felda) chair­­man Tan Sri Shahrir Samad (pic).

China may buy record volume US soybeans

19 June 2017

WASHINGTON: The US Soybean Export Council says the Chinese Ministry of Commerce may make a commitment to buy a record volume of US soybeans when its officials are in Iowa next month.

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was up 1.4 percent at 2,484 ringgit a tonne at the close of trade.  Traded volumes stood at 42,240 lots of 25 tonnes each.

Palm oil gains over 1% on stronger rival oils, weaker ringgit

17 June 2017

KUALA LUMPUR: Malaysian palm oil futures rose more than 1 percent on Friday evening, charting a third straight day of gains, supported by a weaker ringgit and rising related edible oils

Trust not discussed: A truck carrying oil palm fruits passing through Felda Sahabat plantation in Lahad Datu. FGV said in an announcement to Bursa Malaysia that there was no discussion on the creation of a plantation trust at the FGV and Felda boards. – Reuters

Fixing FGV

17 June 2017

In the last three months, various corporate solutions, including a plantation trust, have cropped up to help Felda enhance value in its listed plantation arm

Shahrir: ‘The FGV chairman in his statements in the 2015 and 2016 annual reports was full of praise for Zakaria for his efforts particularly in turning around Delima Oil Products Sdn Bhd as well as strict cost-cutting measures to improve the overall operations of FGV.’ – Bernama

Shahrir: FGV needs to adopt best corporate practices

17 June 2017

FOR government agency Federal Land Development Authority (Felda) – which has been entrusted with the livelihood of 112,635 settlers and their families nationwide – having strong sustainable income is crucial.

Judge finds ‘No Palm Oil’ labels misleading

17 June 2017

PETALING JAYA: A Belgian Court of Appeal in Brussels has made a landmark ruling that ‘No Palm Oil’ labels and similar claims are misleading and without merit.

Malaysia will be increasing the tax after having lowered it fir three consecutive months.

Malaysia to raise CPO export tax next month

16 June 2017

KUALA LUMPUR: Malaysia will raise its crude palm oil export tax to 6.5% in July from 6% this month.

Malaysian palm oil futures on Thursday rose for a second consecutive session on the back of concerns over output growth, although the market had earlier shown mixed signals due to a stronger ringgit and weaker exports.

Malaysian palm oil/Vegoils: Market factors to watch Friday June 16

16 June 2017

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday June 16

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up 1.7 percent at 2,498 ringgit ($585.70) a tonne at the close of trade, its biggest daily gain in over two months.  Palm earlier climbed to an intraday high of 2,500 ringgit, its highest level in a week.  Traded volumes stood at 60,608 lots of 25 tonnes.

Malaysian palm oil price hits one week high on output concerns

16 June 2017

KUALA LUMPUR: Malaysian palm oil futures on Thursday rose for a second consecutive session on the back of concerns over output growth, although the market had earlier shown mixed signals due to a stronger ringgit and weaker exports.

Malaysian palm oil futures bounced back on Wednesday from a 10-month low hit in the previous session, tracking a stronger performance in soyoil on the Chicago Board of Trade and China's Dalian Commodity Exchange.

Malaysian palm oil/Vegoils: Market factors to watch Thursday June 15

15 June 2017

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday June 15.

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange rose 1 percent at 2,456 ringgit ($577.07) a tonne at the close of trade, its biggest daily gain in a  month.

Malaysian palm oil price achieves biggest daily gain in a month

15 June 2017

KUALA LUMPUR: Malaysian palm oil futures bounced back on Wednesday from a 10-month low hit in the previous session, tracking a stronger performance in soyoil on the Chicago Board of Trade and China's Dalian Commodity Exchange.

Downward pressure: Most analysts, who have a neutral call on the plantation sector, have pegged the average CPO price at RM2,600-RM2,800 per tonne this year

Limited upside for CPO prices

15 June 2017

PETALING JAYA: Crude palm oil (CPO) prices, which had dropped 22% from a recent peak in January, will likely see limited upside prospects going into second half of this year.

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