News
Plantation to get support from high CPO price
MALAYSIAN plantation companies will continue to benefit from the bullish commodities supercycle for another two quarters at least which should help sustain investors’ interest in the sector counters in the short term despite yesterday’s selling. The benchmark FTSE Bursa Malaysia KLCI fell 20 points...
CPO price to soften as vegetable oils pick up?
KUALA LUMPUR: Crude palm oil (CPO) prices could remain elevated until the first half (1H) of 2022 but may soften as production of global vegetable oils picks up, said Affin Hwang Capital. Affin Hwang analyst Nadia Aquidah said CPO prices had risen to a new high of between RM5,900 and RM6,000 per ton...
Malaysia CPO futures ask price tops RM6,000 a tonne for first time
KUALA LUMPUR (Feb 17): Malaysian crude palm oil (CPO) futures ask price topped RM6,000 a tonne for the first time on Thursday (Feb 17) at RM6,050, as the commodity’s price closed at its record high. At 6.30pm, March 2022 CPO price closed up RM140 at its record high at RM5,970 a tonne, after the comm...
CPO price to stay high till June, says HLIB
KUALA LUMPUR: Crude palm oil (CPO) price will likely remain at elevated levels until the first half (1H) of this year, according to Hong Leong Investment Bank Bhd (HLIB). This will be supported by weaker production outlook for corn and soybean in South America and Indonesian government’s recen...
CPO futures close mostly lower on profit-taking
PETALING JAYA: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed mostly lower on profit-taking after hitting an all-time high yesterday. Singapore-based Palm Oil Analytics owner and co-founder Sathia Varqa said the CPO futures succumbed to profit-taking amid news that Ru...
GFP-SPO to be common language across palm oil certification schemes — CPOPC
KUALA LUMPUR (Feb 15): The Council of Palm Oil Producing Countries (CPOPC) has developed a Global Framework of Principles of Sustainable Palm Oil (GFP-SPO) that aims to be a common language across different certification schemes applied to palm oil production anchored in the United Nations...
