Last week, on July 11-12, Kaltim Post had the opportunity to see the working atmosphere and housing complexes of Astra Agro Lestari’s (AAL) oil palm plantation subsidiaries, PT Borneo Indah Marjaya (BIM) and PT Palma Platasindo (PPS) in Paser Regency. The location is in Laburan Village, Paser Belengkong Sub-district, about an hour from the capital…
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Thursday, driven by positive export sentiments that lifted market dynamics, said palm oil trader David Ng. He said the favourable export conditions, marked by strong demand and optimistic trade forecasts, continued to bolster investor confidence and supported an upward trajectory in…
Palm oil swung between gains and losses as investors weighed a jump in exports from top growers and higher production in a Malaysian region. Shipments from the world’s largest grower Indonesia soared 59% from a month earlier in June, according to Intertek Testing Services. A report by cargo surveyor AmSpec Agri showed exports from Malaysia,…
