pang72 FGV has cooking oil and Maggie mee brand Saji.. The JV is to expand the product footprint globally with two on Samyang expertise. Samyang has sold 400millions packs in 2017
The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange opened 1.7 percent higher at 2,333 ringgit. It was last up 1.4 percent at 2,327 ringgit ($566.46) a tonne at the end of the trading day, its strongest daily gains since Jan. 22. Trading volumes stood at 23,679 lots of 25 tonnes each at the close of trade.
KUALA LUMPUR: Malaysian palm oil futures opened at their highest in nearly seven months on Monday, notching up a sixth session of gains in seven, supported by strength in related edible oils.
The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange opened 1.7 percent higher at 2,333 ringgit. It was last up 1.4 percent at 2,327 ringgit ($566.46) a tonne at the end of the trading day, its strongest daily gains since Jan. 22.
Trading volumes stood at 23,679 lots of 25 tonnes each at the close of trade.
\"Palm is up tracking (soyoil) strength in the Dalian Commodity Exchange,\" a futures trader from Kuala Lumpur, said.
Palm prices rose even though data from a millers' association showed gains in January output, as the market had already factored in a pre-holiday rush to harvest, she added.
Malaysian markets will be closed on Feb. 5-6 for the Lunar New Year celebrations.
Friday's strong gains in U.S. soyoil also helped palm.
\"The (millers' association) output data only shows production in Peninsular Malaysia is up,\" another trader said.
The eastern states of Sabah and Sarawak are the country's top producing regions.
Palm oil may gain more to 2,351 ringgit per tonne as it has cleared a resistance at 2,322 ringgit, Wang Tao, a Reuters market analyst for commodities and energy technicals, said.
Meanwhile, soyoil prices on the U.S. Chicago Board of Trade gained 1.8 percent on Friday, supported by concerns of Brazil's crop size and short-covering ahead of planned U.S.-China trade talks next week.
The Chicago March soybean oil contract was last up 0.3 percent on Monday.
In other related oils, the May soybean oil contract on the Dalian Commodity Exchange jumped 1.8 percent, and the Dalian May palm oil contract rose 1.5 percent.
Palm oil prices are affected by movements in soyoil rates, as they compete for a share in the global vegetable oil market. - Reuters
KUALA LUMPUR, Aug 28 (Reuters) - FGV Holdings (FGV, 5222, Main Board Planting Unit) today signed a memorandum of understanding with South Korea Sanyang Food Co., Ltd. to establish a halal ramen production facility in Malaysia to enter the local and global markets.
Expanding the downstream industry
Harris Fazla, chief executive of FGV Holdings Group, said through a statement: "This cooperation is part of the company's downstream business plan to expand its products through product diversification and new markets."
In addition, FGV Holdings' logistics and commercial support business will also benefit from this cooperation opportunity to provide total logistics support chain solutions.
Those present at the event included FGV Holdings Chairman Datuk Wira Azha, Investment Director Fakrunian Oman, Sanyang Food Senior Managing Director Zheng Shiyun (transliteration) and Chief Executive Officer Jin Zunshun (transliteration).
Harris Fazla said: "Through the memorandum, FGV Holdings and Sanyang Foods will seek opportunities to develop halal ramen and instant noodle manufacturing plants locally."
He expects the global halal market to be the fastest growing business in the food sector, with a value of more than $740 billion (about RM3,43.6 billion) in 2025.
In addition, this cooperation gives FGV Holdings the opportunity to enter the Sanyang Food Supply Chain, which provides edible oil, vegetable fat and sugar for the latter's Ramen plant in Wonju, South Korea.
Sanyang Foods is listed on the Korea Stock Exchange with a market value of 45,575 million won (RM1.69 billion). The business involves the production and sale of food products.
Among them, ramen products have soared in Asia, Europe, Oceania, North America and South America, and more than 400 million bales of ramen were sold in 2017.
Mambang sawit spent time hours calculating statistical perimeters, variables, data and plotting chart on sawit. Mambang sawit did not simply pluck the figures from pokok sawit maaa....they are all carefully evaluated...
White paper on felda pretty soon. If fgv is privatized, probably current market plus 20% premium or net asset per share plus 20% premium, be patient:)
Govt postpones tabling of White Paper on Felda December 11, 2018, Tuesday at 12:17 AM
Datuk Seri Mohamed Azmin Ali KUALA LUMPUR: The Ministry of Economic Affairs had postponed yesterday’s tabling of the White Paper on Felda to the next session of the Dewan Rakyat, said Minister Datuk Seri Mohamed Azmin Ali.
He said the Cabinet decided to postpone the tabling to the First Meeting of the Second Session of the 14th Parliament in 2019 to ensure the integrity of the White Paper.
The Attorney-General’s Chambers (AGC) advised the ministry to reconsider the proposal to table the White Paper yesterday, he said in a statement.
“The AGC feels that some legal issues need to be resolved before the White Paper can be tabled in Parliament. The ministry weighed the AGC’s suggestion and decided to obtain the view of the Cabinet,” he said.
Mohamed Azmin said his ministry had worked closely with Felda in preparing the White Paper, which captured an in-depth account of the crisis that the Federal Land Development Authority had undergone.
A clear picture can help the ministry and the Felda new management in drawing up a sustainable recovery plan and direction, he said.
He said the ministry is committed to presenting a comprehensive and credible White Paper and had worked hard to prepare it for tabling in the Dewan Rakyat yesterday. — Bernama
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
signalmw
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Posted by signalmw > 2019-01-29 08:28 | Report Abuse
吉隆坡28日讯)FGV控股(FGV,5222,主板种植股)將与韩国三养食品公司(Samyang Foods)联手,在本地设立三养清真(Halal)食品工厂,生產符合清真標准的拉麵及快熟面。