News
CPO futures continue upward momentum
KUALA LUMPUR (Sept 3): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended yesterday’s gains to close higher today, taking the cue from overnight gains in Chicago Board of Trade (CBOT) soybean oil. Palm oil trader David Ng said ongoing concerns over lower-than-expected o...
Malaysia’s Aug 1-15 palm oil exports fall 21%, says AmSpec Agri
KUALA LUMPUR (Aug 16): Exports of Malaysian palm oil products for Aug 1-15 fell 21% to 540,853 tonnes, from 684,615 tonnes shipped during July 1-15, according to independent inspection company AmSpec Agri Malaysia on Monday. Source : The Edge Markets
As UN sustainability deadline looms, Credit Suisse believes palm oil sector’s best bet lies in transition support
KUALA LUMPUR (Aug 12): Support in transitioning towards sustainability would be the best way forward for the palm oil industry, said Credit Suisse after determining that there is a lack of commercially available alternatives to progress as the UN sustainable development goals’ deadline of 2030 looms...
Palm oil futures rally above RM4,500 – highest in two months
KUALA LUMPUR (Bernama) — The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives rallied above RM4,500 per tonne for October benchmark contract — the highest in two months, on lower July palm oil stocks. Palm oil trader David Ng said the Malaysian Palm Oil Board’s (MPOB) ...
MPOB: Malaysian Sustainable Palm Oil certification at final stage of revision, expected to be ready soon
KUALA LUMPUR, Aug 3 — The Malaysian Sustainable Palm Oil (MSPO) certification is currently at the final stage of revision and is expected to be ready by the end of 2021 or early 2022. The revised MSPO certification is expected to have new standards that include the latest sustainability requirements...
Trader: CPO price may retest RM4,400 high
KUALA LUMPUR: Crude palm oil (CPO) is expected to average at between RM3,400 and RM3,600 per tonne this year with a possibility to test the high of RM4,400 recorded in early May, according to an industry trader. Iceberg X Sdn Bhd proprietary trader David Ng said as the industry entered peak season, ...
