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Official Websites of
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MINISTRY OF
PLANTATION AND COMMODITIES -
No. 15, Level 5-13, Persiaran Perdana, Presint 2, 62654 Wilayah Persekutuan Putrajaya
INFO ARKIB ELEKTRONIK
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MUMBAI, Sept 19 — Farmers across Asia are busy planting trees to boost palm oil production but nurseries are struggling to keep up with demand for sprouts and seedlings, risking a delay in the industry’s recovery from the Covid-19 pandemic.
The seedlings shortfall could slow plantation, capping production growth and keeping palm oil prices FCPOc3 elevated, industry officials said, as the world already grapples with lofty inflation. Asia produces more than 90 per cent of the world’s cheapest edible oil used in cooking, baking and cosmetics.
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SUMBER: STARBIZ, MS 2
1 MAC 2022
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FGV is hopeful that the US CBP will uplift its Withhold Release Order (WRO) by year-end.
KUALA LUMPUR: FGV Holdings Bhd's first quarter (Q1) 2022 net profit of RM427.6 million beat expectations, accounting for 51.4-52.5 per cent of Hong Leong Investment Bank Bhd's (HLIB Research) and consensus estimates.
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KUALA LUMPUR (Dec 28): Malaysian benchmark crude palm oil (CPO) spot prices will average US$850 (RM3,763.80) per tonne in 2023, significantly lower than US$1,175 per tonne in 2022, according to Fitch Ratings.
In a statement on Tuesday (Dec 27), the rating agency said benchmark prices have rebounded to above US$850 per tonne in the fourth quarter of 2022 (4Q2022), from the end-September level of around US$700 per tonne.
