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PETALING JAYA: The uptrend in the crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued for the seventh consecutive day yesterday, backed by positive market sentiment.
PETALING JAYA: Planters are seeking a full review of the current palm oil windfall profit tax (WPT) and its export duty under Budget 2021.
KUALA LUMPUR: Malaysia's crude palm oil (CPO) stocks increased by 0.40 per cent to 934,710 tonnes in September from 930,990 tonnes in the preceding month, the Malaysian Palm Oil Board (MPOB) said in its report on the industry’s performance for the month of September.
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade higher next week, buoyed by expectations of stronger demand from India ahead of the Deepavali festival.
KUALA LUMPUR: Bursa Malaysia closed higher on Friday, aided by buying of Hartalega, banks, Tenaga Nasional and Sime Plantation, as investor sentiment perked up in the afternoon session.
KUALA LUMPUR: Crude palm oil futures advanced to the highest level in more than two weeks, buoyed by a recovery in demand from top buyers India and China, which may reduce global stockpiles.
PETALING JAYA: The target price for crude palm oil (CPO) has been revised upward to RM2,500 per tonne for this year and RM2,600 per tonne for next year, according to Kenanga Investment Bank Research, an increase of RM200 in both cases.
PETALING JAYA: FGV Holdings Bhd may lose its prospective revenue and customers from the United States market if the recent detention order by the US Customs and Border Protection (CBP) on the planter’s palm oil products is prolonged. The US market constitutes about 4%-5% of the FGV Group’s total revenue.
PETALING JAYA: Fresh fruit bunch (FFB) production growth for IOI Corp Bhd is projected to be flattish in financial year 2021 (FY21).