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KUALA LUMPUR: Sime Darby Plantation Bhd (SDP), which returned to the black in financial year 2020 (FY20), will be appointing another international independent third-party to review and audit its operations in a bid to tackle mounting forced labour allegations.
PETALING JAYA: Premised on expectations that crude palm oil (CPO) prices will decline, one research house is advocating building positions in integrated plantation players such as Kuala Lumpur Kepong Bhd (KLK) and IOI Corp Bhd.
KUALA LUMPUR: The Plantation Industries and Commodities Ministry has forecast crude palm oil (CPO) production this year to increase by about 3% to 19.7 million tonnes from 19.14 million tonnes last year.
PETALING JAYA: Kuala Lumpur Kepong Bhd (KLK) is targeting a 10% increase in fresh fruit bunch (FFB) output for this year.
PETALING JAYA: Malaysia's crude palm oil (CPO) production may have dropped further in November due to heavier-than-usual rainfall caused by La Nina, worker shortage and seasonality factors.
PETALING JAYA: The current tight palm oil supply situation is expected to keep the price of crude palm oil (CPO) above RM3,000 per tonne in the near term, say analysts.
Sector could suffer some 3.3 million tonnes of CPO losses
KUALA LUMPUR: IJM Plantations Bhd is cautiously optimistic on its 2021 outlook due to lingering uncertainties in the palm oil global market.
THE second quarter earnings season holds no major surprises for corporate Malaysia. With the economy grouded to a halt due to the movement control order, most businesses were already anticipated to be badly hit operationally and financially. However, glove makers are clearly an exception.
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.