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The recent spike in crude palm oil (CPO) prices echoes the commodity boom of 2021/22, as supply constraints from lower palm oil production and robust consumer demand push prices up.
MIDF Research expects crude palm oil (CPO) prices to moderate in the second quarter of 2024 (2Q2024), yet predicts a month-on-month (m-o-m) increase of 4.6% to RM4,410.5 per tonne in April due to mild El Niño events.
KUALA LUMPUR (Feb 23): Plantation stocks retreated on Friday as a slew of weaker-than-expected earnings in the sector stoked concerns over further upside in share prices following the recent rally.
Stocks on Bursa Malaysia ticked higher and kept the FBM KLCI on course for its best close since early June 2022.
At the midday break on Friday, the benchmark index had gained 0.06% or 0.99 point to 1,546.48. The index earlier rose to a high of 1,551.15.
A number of companies linked to former Sarawak chief minister Tun Abdul Taib Mahmud saw their share prices slide following his passing early yesterday morning, although a few managed to buck the trend.
KUALA LUMPUR: Former Sarawak governor Tun Abdul Taib Mahmud passed away in Kuala Lumpur early today.Taib, 87, was Sarawak chief minister for 33 years before he became the state's governor until recently.During this time, his family has been involved ...
KUALA LUMPUR: Harga saham sebahagian besar syarikat berkaitan Bekas Yang di-Pertua Negeri Sarawak, Tun Abdul Taib Mahmud, susut hari ini susulan berita pemergian beliau di Kuala Lumpur, pagi ini.Pada penutup sesi dagangan pagi ini, antara kaunter berkenaan adalah seperti ...
Investors were cautious following the demise of former Sarawak governor Tun Abdul Taib Mahmud, who controlled substantial stakes in several companies listed on Bursa Malaysia.
The expected decrease in palm oil production in the upcoming months, coupled with a surge in demand from the export market, has the potential to push Malaysian palm oil stocks below the two million-tonne mark by next month, which could contribute to an upswing in crude palm oil (CPO) prices.