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RM2,200-RM2,400 price range seen for palm oil
PETALING JAYA: RAM Ratings expects crude palm oil (CPO) prices to be sustained between RM2,200 and RM2,400 per tonne in the second half of 2018.
RAM sees CPO trading RM2,200 to RM2,400 in H2
KUALA LUMPUR: RAM Ratings expects crude palm oil (CPO) prices to be sustained between RM2,200 to RM2,400 per tonne in the second half of 2018.
Maybank IB sees lower earnings for plantation sector
PETALING JAYA: Lower earnings are expected for the plantation sector in the upcoming second quarter (Q2’18) results season, says Maybank Investment Bank (IB) Research.
Sarawak aims to replant additional 443,500ha of oil palm
SIBU: Sarawak, dubbed Malaysia’s last frontier growth area in oil palm cultivation, is targeting to replant an additional 443,500ha by 2030.
Palm oil stocks may have fallen 2% in June
PETALING JAYA: Malaysian palm oil inventory may have fallen 2% month-on-month (m-o-m) to 2.13 million tonnes as at end-June 2018, on the back of declining crude palm oil (CPO) output, according to CIMB Research.
CIMB Research: Lower palm oil inventory at end-May
KUALA LUMPUR: CIMB Equities Research estimates that Malaysian palm oil inventory may have declined 4.7% month-on-month to 2.07 million tonnes as at the end of May.
Lower crude palm oil output in May, says CIMB Research
KUALA LUMPUR: CIMB Equities Research estimates that Malaysian palm oil inventory may have declined 4.7% month-on-month to 2.07 million tonnes as at end-May 2018.
Likely drag on CPO prices
PETALING JAYA: The reinstatement of the crude palm oil (CPO) export tax and concerns over rising supply will likely drag CPO prices further in the nearby months, say analysts.
Malaysian crude palm oil output likely rose in April
KUALA LUMPUR: Malaysian crude palm oil (CPO) output likely grew 1.6% month-on-month to 1.6 million tonnes in April 2018, according to a survey of 23 plantation areas by the CIMB Futures team.
Low CPO prices to affect planters’ earnings
PETALING JAYA: Malaysian oil palm planters’ earnings in the first quarter of this year will likely be weighed down by lower crude palm oil (CPO) and palm kernel (PK) prices.
