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MINISTRY OF
PLANTATION AND COMMODITIES -
No. 15, Level 5-13, Persiaran Perdana, Presint 2, 62654 Wilayah Persekutuan Putrajaya
AGRICOMMODITY NEWS 2022
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SUMBER: STARBIZ, MS 3
29 JUN 2022
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MALAYSIAN plantation companies will continue to benefit from the bullish commodities supercycle for another two quarters at least which should help sustain investors’ interest in the sector counters in the short term despite yesterday’s selling.
The benchmark FTSE Bursa Malaysia KLCI fell 20 points or 1.27% yesterday to 1,582 points while the Plantation Index fell 4.12% or 334.4 points while the Technology Index fell 3.7% on profit-taking by investors.
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This in turn brought in huge profits to about 400,000 smallholders nationwide said Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin. - NSTP/ AZIAH AZMEE
KUALA LUMPUR: The rise in crude palm oil (CPO) price to record high in recent days has seen smallholders benefit nationwide.
This was after price of Crude Palm Oil (CPO) hit an all-time-high of RM5,750 per tonnes for two consecutive days on Feb 3 and 4, a first in the history of the national palm oil industry,
This in turn brought in huge profits to about 400,000 smallholders nationwide said Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.
