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IOI Corp Bhd has posted a lower pre-tax profit of RM159.8mil for the third quarter ended March 31, against RM173.6mil in the previous corresponding period, despite a 73% surge in revenue to RM1.123bil from RM650.6mil a year ago.
MALAYSIAN palm oil refineries will be able to compete on a #147;better playing field#148; with other oil seeds in India following the Indian government#039;s decision to reduce the tariff on refined, bleached and deodorised (RBD) palm oil and palm olein, said Malaysian Palm Oil Association (MPOA) chief executive M.R. Chandran.
THE plantations sector, which has benefited enormously from the surge in the price of crude palm oil (CPO) since late 2001, may be seeing the end of its upcycle, according to industry analysts.