- A + A SINGAPORE (June 30): Palm oil resumed an advance as top producer Indonesia considers a plan to increase its biodiesel mandate, a move aimed at slashing its fuel import costs and soaking up bulging edible oil stockpiles. Futures for September delivery climbed as much as 1.5% to RM4,975 (US$1,129) a ton, reversing an earlier drop of 1.9%, before closing slightly higher. Indonesia may raise the required palm content in biodiesel to 35% from the current 30%, a ministry official said. This could tighten palm oil supplies. If the plan materializes, it will likely absorb an additional 1.5 million tons of crude palm oil on top of the 9.7 million to 10 million tons used for the current B30 mix, said Sathia Varqa, owner of Palm Oil Analytics in Singapore. Indonesia has ample stockpiles of around 7 million tons in May, so feedstock for biodiesel isn’t a problem, according to Varqa. “The main barrier would be a surge in crude palm oil exports limiting the feedstock … [Read more...] about Palm oil climbs as Indonesia considers raising biodiesel mandate
Health benefits of palm oil
The Entrepreneur Behind New York’s Latest Health Food Craze
Marco Canora has long been a chef's chef, turning out seemingly simple dishes that require years of training to prepare consistently and well. He's received wide-ranging accolades for his restaurants, including Hearth in New York City's East Village. Yet today Canora is achieving new fame for a food that takes almost no skill to make, uses no fancy ingredients, and is completely unglamorous: bone broth. Bone broth is exactly what it sounds like: a pile of animal bones, covered in water; some vegetable scraps; and often a bit of cider vinegar--all boiled until the bones crumble. But despite--or because of--its simplicity, bone broth is having a moment. It's long been popular among some athletes and the paleo crowd, but now, thanks in large part to Canora, it's going mainstream. As a chef, Canora has been sipping bone broth for years, which may have been the only healthy part of a diet that until recently consisted largely of bread, butter, cigarettes, and alcohol. Like many … [Read more...] about The Entrepreneur Behind New York’s Latest Health Food Craze
MPOB to millers: Continue buying FFB or we will revoke your licence
- A + A KUALA LUMPUR (June 30): The government has warned palm oil millers that their operating licences may be suspended if they ceased buying oil palm fruits from smallholders following the sharp fall in the oil’s prices. Deputy Plantation Industries and Commodities Minister Datuk Seri Dr Wee Jeck Seng said the Malaysian Palm Oil Board (MPOB) issued a warning letter to the millers on Thursday (June 30), stressing that action will be taken against those found disrupting the country’s palm oil production. The millers were reminded to carry out their palm oil milling operations and comply with the legislative requirements under the Malaysian Palm Oil Act 1998 (Act 582), Wee said in a statement. Drastic action including suspension of licences would be taken against millers proven to have ceased operations, he said, noting such conduct would render the actual purpose of issuing the licences meaningless. "I view this matter seriously and request palm oil millers not … [Read more...] about MPOB to millers: Continue buying FFB or we will revoke your licence
iDimension, Marine & General, PetChem, Mudajaya, Teck Guan, Farm Fresh, Reach Energy and TM
- A + A KUALA LUMPUR (June 30): Here is a brief look at some corporate announcements and news flow on Thursday (June 30) which include iDimension Consolidated Bhd, Marine & General Bhd (M&G), Petronas Chemicals Group Bhd (PetChem), Mudajaya Group Bhd, Teck Guan Perdana Bhd, Farm Fresh Bhd, Reach Energy Bhd (REB) and Telekom Malaysia Bhd (TM). Information technology solutions provider iDimension Consolidated Bhd has regularised its financial condition and level of operations and hence, it no longer triggers any of the criteria under Paragraph 2.1 of Guidance Note 3 (GN3) of the ACE Market listing requirements. As such, it will be lifted from its GN3 status on Friday (July 1). Shipping firm Marine & General Bhd ( M&G ) returned to the black in its fourth financial quarter ended April 30, 2022 (4QFY22), registering a net profit of RM3.52 million compared with a net loss of RM10.27 million a year ago, mainly due to better vessel utilisation in the … [Read more...] about iDimension, Marine & General, PetChem, Mudajaya, Teck Guan, Farm Fresh, Reach Energy and TM
FMCG Review: Some green shoots appearing, though not yet out of the woods
Representative image PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook In the March 2022 quarter, our coverage universe of 14 FMCG (excluding ITC) companies saw revenues, gross profit, EBITDA and net profit growing by 17 percent, 6 percent, 7 percent and 9 percent, respectively, year on year (YoY). Quarter on quarter (QoQ), growth remained flattish. Among individual companies, Adani Wilmar reported one of the highest revenues and gross profit growth of 40 percent and 26 percent, respectively. Tata Consumer Products saw an EBITDA (earnings before interest, taxes, depreciation and amortization) growth... … [Read more...] about FMCG Review: Some green shoots appearing, though not yet out of the woods
7 Athleisure Essentials For Men
Share to Twitter Share to Linkedin For all the men out there who cannot get enough of fitness wear and athleisure whether they are at the gym every day or just active around the house, this round up is for you. From performance athletic wear to joggers so comfortable you will want to wear them every single day, take a look at 7 athleisure must-haves below. Anthem Athletics Hyperflex Fitted Training Shirt This lightweight, stretchy, performance fabric training shirt is ideal for any man in need of a go-to workout shirt. Anthem Athletics’ Hyperflex shirt has been optimized for a variety of workouts from cross-training to yoga, and it strikes the right balance between T-shirt and compression shirt so you can wear this while working out or relaxing. Werkshop Gray Palms Shorts These palm leaf print shorts look like your run of the mill casual shorts, but they are created with stretchy and quick-dry Italian performance fabric that are made for a … [Read more...] about 7 Athleisure Essentials For Men
5 Fantastic Plant-Based Skincare Brands For Mama And Baby
Share to Twitter Share to Linkedin Baby skin is incredibly delicate and as a new mother, I’ve made it a priority to seek out skincare brands that are nourishing and beneficial for baby and myself. If you think about it, skin-to-skin contact is one of most powerful ways of bonding with your tiny human. In light of this, I was concerned about the transfer of not-so-friendly ingredients and its absorption by my little one. Thankfully, the following all-natural and plant-based brands are formulated to lovingly care for babes and mamas. These are the top picks: Baby Bum : I’ve always found that the gloopy texture and pungent scent of sunscreen to be very off-putting. Fortunately, this isn’t the case with Sun Bum and Baby Bum products - they smell like a tropical vacation and are gentle enough for my infant. A favorite with my little one is their SPF 50 sunscreen lotion. As a mom, I have peace of mind because their formulas are made of safe minerals to … [Read more...] about 5 Fantastic Plant-Based Skincare Brands For Mama And Baby
As stocks trade off highs, is the rally in commodities over?
Commodity stocks including metals, miners and energy names have seen profit booking in the recent months even as supply problems are far from over while prices of commodities have been choppy. Nifty Commodities index, comprising names like Reliance Industries, ONGC, UltraTech cements, Vedanta and 26 others, has fallen about 23 per cent from 52-week highs hit in April – at the height of Russia-Western World tensions. Commodity stocks – especially from metal and energy sectors – were among the biggest gainers in the recent boom in prices led by burgeoning demand after the pandemic. However, as the demand is plateauing, prices have also decreased for many commodities. Does that mean the super cycle in these names are over and investors should taper their expectations from now on, thus exiting the space? Not really, said analysts, who believe there could be another round of buying as the situation remains precarious. “Commodity stocks have already fallen from their recent … [Read more...] about As stocks trade off highs, is the rally in commodities over?
Decoding Ghislaine Maxwell: By Way Of Apology At Sentencing, She Tries To Recast Herself As An Epstein “Victim”
Share to Twitter Share to Linkedin It’s an open question whether Ghislaine Maxwell’s sentence of 20 years and her fine of $750,000 handed down by Judge Alison Nathan on June 28 will bring the longed-for end of the decades-long nightmare to Jeffrey Epstein’s and Ghislaine Maxwell’s many victims, both those who figured in Ms. Maxwell’s indictment and trial and the many dozens who did not. On the positive side for those victims, Maxwell’s sentencing does at least signal a resolution of this set of proceedings and provides an interregnum for assessing events thus far, as the convicted felon now begins the formalities of serving what remains of her sentence in her assigned federal facility in Danbury, Connecticut. But with Ms. Maxwell’s and her attorneys’ stated intent to appeal, it seems likely that, in a larger way, Ghislaine Maxwell’s own narrative of her years with Epstein and her quotient of guilt in the many civil and criminal matters that enveloped her … [Read more...] about Decoding Ghislaine Maxwell: By Way Of Apology At Sentencing, She Tries To Recast Herself As An Epstein “Victim”
How Wildly Popular Furtuna Skin Is Changing Skincare Routines, While Making The World A Better Place
Share to Twitter Share to Linkedin Furtuna Skin cofounders Agatha Relota Luczo and Kim Walls are poised to make their luxury boutique skincare line the new standard in the plant-based clean beauty space. Between Luczo’s background as an international model and cofounder of the magical Bona Furtuna Olive Oil, and Walls’ pioneering work in clean beauty before ‘clean beauty’ was a recognized term, Furtuna Skin’s meteoric rise to superstar status was destined to happen. The brand launched in November 2019 and began making industry waves within a year, garnering recognition in the way of awards, press and a wildly loyal celebrity following. There’s a reason Furtuna Skin stands firmly by the tagline (which they’ve trademarked), “Wildly potent skincare.” “Our mission is to leave the people and places we touch better off than when we found them,” Walls explains. “We advocate for the health of humans, animals and the earth through our business practices, … [Read more...] about How Wildly Popular Furtuna Skin Is Changing Skincare Routines, While Making The World A Better Place