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KUALA LUMPUR: Innoprise Plantations Bhd expects to post "reasonable good profit" in the coming months on rising palm oil production and higher selling prices that helped the company to register a turnaround in the second quarter.
AS we enter the peak production period for oil palm in September, lasting till December, the industry is grappling with the issue of an acute labour shortage.
This is due to increased output and higher CPO price
PETALING JAYA: Stronger palm oil demand from India, coupled with the suspension of the export tax for crude palm oil (CPO) in Malaysia from June till the end of the year, is positive for CPO prices in the near term.
KUALA LUMPUR: The exports of Malaysian crude palm oil (CPO) to the African continent are expected to increase to about nine million tonnes this year compared with six million tonnes over the last decade, according to 3XG UK Consulting Ltd.
PETALING JAYA: Palm oil inventory in May is projected to rise to the highest level since October last year, given the anticipated improved output in the same month under review, says CGS-CIMB Research.
Analysts are positive on the recent renewed buying interest from India for crude palm oil (CPO) from Malaysia.
KUALA LUMPUR: Malaysian palm oil stocks is likely to be at the highest level in April since December 2019, up by 14% month-on-month to 1.97 million tonnes due to stronger crude palm oil (CPO) output
Since Wednesday, business that have been allowed to operate during the movement control order (MCO) period can now do so at full capacity.