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PETALING JAYA: UOB Kay Hian Research has upgraded the 2020 earnings forecasts for plantation companies on the back of a strong recovery in the crude palm oil (CPO) price.
KUALA LUMPUR: Plantation company Cepatwawasan Bhd’s net profit jumped 538% to RM4.46mil in the second quarter ended June 30,2020 from RM699,000 a year ago due to higher prices for its palm oil products and it expects a better performance for the year.
MUMBAI/KUALA LUMPUR, July 7 (Reuters): Palm oil demand in India, the world's top edible oil importer, is set to plunge this year as coronavirus lockdowns slash food service sector demand and households opt for alternatives at the supermarket.
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: Turkey and the Middle East and North Africa (MENA) region are poised to see more biodiesel demand and therefore higher imports of palm oil, having recently initiated a normalisation process following decreasing Covid-19 cases and deaths there.
KUALA LUMPUR: Industry experts have mixed views on the crude palm oil (CPO) price outlook for this year due to the impact of Covid-19 pandemic influencing global consumptio
KUALA LUMPUR: Given that countries worldwide are easing lockdown measures with eateries beginning to open up, the recovery of palm oil demand is underway with a strong start for June exports.
Analysts are positive on the recent renewed buying interest from India for crude palm oil (CPO) from Malaysia.
KUALA LUMPUR: Palm oil tumbled to a nine-month low as a slump in petroleum prices damaged its appeal as a biofuel and concerns mounted about coronavirus pandemic headwinds.
PETALING JAYA: Crude palm oil (CPO) stockpiles are set to rise in April due to weaker exports and rising supplies, given the lockdowns in major importing countries.