KUALA LUMPUR: Higher crude palm oil (CPO) and palm kernel (PK) prices helped lift Sime Darby Plantation Bhd 's net profit in the first quarter ended March 31, 2022, to RM718mil, a 27.76% increase over RM562mil in 1Q21. The plantations group said revenue rose 19% year-on-year (y-o-y) to RM4.38bil as the higher prices offset the negative impact resulting from a prolonged … [Read more...] about Sime Darby Plantation’s 1Q net profit lifted to RM718mil on higher CPO, PK prices
Plantation industries and commodities ministry
Rural Development Ministry allocates RM80mil for food security
KUANTAN: The Rural Development Ministry has allocated RM80mil to implement food supply programmes in the livestock and plantation industries to ensure the country's food security. Its Deputy Minister Datuk Seri Abdul Rahman Mohamad said the allocation would be given to the Rubber Industry Smallholders Development Authority (Risda) and FELCRA Berhad to expand and strengthen … [Read more...] about Rural Development Ministry allocates RM80mil for food security
Higher palm oil price boost for Sime Darby
PETALING JAYA: Higher crude palm oil (CPO) and palm kernel (PK) prices helped lift Sime Darby Plantation Bhd ’s (SDP) net profit in the first quarter ended March 31, 2022 (1Q22), to RM718mil, a 27.76% increase over RM562mil in 1Q21. The plantations group said revenue rose 19% year-on-year (y-o-y) to RM4.38bil as the higher prices offset the negative impact resulting from … [Read more...] about Higher palm oil price boost for Sime Darby
Malaysia sees sustained competitiveness even as Indonesia resumes palm oil exports
JAKARTA/KUALA LUMPUR, May 22 (Reuters): 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. Minister Zuraida Kamaruddin urged "all Malaysian oil palm growers - both plantation firms and smallholders alike - not to be … [Read more...] about Malaysia sees sustained competitiveness even as Indonesia resumes palm oil exports
Govt to send chicken stocks to states that have supply issues
HULU TERENGGANU: The government through the Domestic Trade and Consumer Affairs Ministry will send chicken stocks to states that have supply problems. Its Deputy Minister Datuk Rosol Wahid said this was a short-term solution following the closure of a livestock farm that was hit by production problems. "The ministry will identify areas that are severely affected and will … [Read more...] about Govt to send chicken stocks to states that have supply issues