EXPLAINER-Indonesia's stop-start controls on palm oil exports

Indonesian President Joko Widodo has agreed to allow palm oil exports to resume after a three-week ban, though it is unclear how rapidly shipments will resume given accompanying rules aimed at securing domestic supply.

KLK 2Q net profit rises 11% to RM546mil, declares 20 sen dividend

KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK), which posted an 11.4% jump in its net profit of RM546.57mil in the second quarter ended March 31 (2Q22), has proposed a dividend of 20 sen per share.

Indonesia has no plan to reduce palm oil in biodiesel mix: Minister

DAVOS, Switzerland (Reuters): Indonesia has no plans to reduce the percentage of palm oil in biodiesel below its current level of 30% in order to ensure the country's energy supply, its minister for economic affairs, Airlangga Hartarto, told Reuters on Monday (May 23).

Boustead Plantations’ first-quarter earnings soar

Kenanga adjusts SDP outlook, price to stay firm

PETALING JAYA: Kenanga Research has adjusted its financial year 2022 (FY22) to FY23 core earnings per share on Sime Darby Plantation Bhd (SDP) by 1% and 5%, respectively, on firm palm oil prices staying longer, but has maintained a “market perform” on the plantation stock with a target price of RM5.20.

Boustead Plantations’ net profit surges to RM435mil in 1Q

KUALA LUMPUR: Boustead Plantations Bhd’s net profit surged to RM435.16mil in the first quarter ended March 31, against RM12.22mil a year ago on disposal gain and higher palm product price.

Indonesia set to resume palm oil exports but policy uncertainty persists

JAKARTA: Indonesia is due to resume exports of palm oil on Monday after a ban of more than three weeks, but industry traders and companies were awaiting details on accompanying rules to secure domestic supplies of the edible oil to control cooking oil prices.

Indonesia set to resume palm oil exports but policy uncertainty persists

JAKARTA (Reuters) - Indonesia is due to resume exports of palm oil on Monday after a ban of more than three weeks, but industry traders and companies were awaiting details on accompanying rules to secure domestic supplies of the edible oil to control cooking oil prices.

Indonesia to reimpose local palm oil sales rule as it ends export ban

Indonesia will reimpose a domestic sales requirement on palm oil, the government said on Friday, a day after the world's biggest producer of the key edible oil reversed a ban on its export.

Malaysia sees sustained competitiveness even as Indonesia resumes palm oil exports

Indonesia's resumption of palm oil exports will not blunt Malaysia's competitiveness in exporting the edible oil, the Malaysian commodities minister said on Sunday, pointing to the rival's loss of sales in India.