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The Week That Was: CPO price, Lion Idustries, IMF growth cut

OIL palm companies are expected to make windfall profits, as the benchmark price of crude palm oil (CPO) futures on Bursa Derivatives soared to a new high of RM5,021 a tonne on Wednesday. ....

Sdn Bhd , International Monetary Fund , World Bank , Lion Industries , Bursa Derivatives , Antara Steel , Amsteel Mills Sdn Bhd , Antara Steel Mills Sdn Bhd , Esteel Enterprise Pte , World Economic Outlook , The Week That Was , Corporate News ,

The Week That Was - Bnks moratorium, India palm oil tax, NFOs

BANKING stocks see-sawed this week on news that the government has instructed financial institutions to work on waiving interest repayment for recipients of loan moratoriums in the lower income category. ....

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The Week That Was - CPO, Top Glove, Tourism


Low production keeps CPO prices near 13-year high
THE benchmark crude palm oil (CPO) futures contract on Bursa Derivatives was traded traded around the RM4,000-a-tonne level this week as labour shortages and bad weather in key plantation areas curbed production.
Latest industry statistics released by the Malaysian Palm Oil Board (MPOB) on Wednesday showed local output dropped for a fifth straight month in February to 1.11 million tonnes – its lowest level in five years.
While exports were about 5% weaker at less than 900,000 tonnes, the low production kept inventory at a three-month low of 1.3 million tonnes.
MIDF Research predicted tight supplies of edible oil worldwide would keep CPO prices at elevated levels, but prices would ease back in the second half of this year as the rollout of the Covid-19 vaccine would help overcome the labour shortage faced by local planters. ....

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