News
Mielke : CPO Prices to Rise in First Half of the Year
NUSA DUA (Bali): Malaysian crude palm oil (CPO) prices may rise 13.6 per cent to US$836 (US$1 = RM3.38) a tonne from current levels in the first half of next year as global vegetable oil supplies will not meet demand, a top analyst said yesterday. Benchmark Malaysian palm oil prices will gain US$80-...
Malaysia’s Commodity Export Earnings Likely to Fall
Malaysia is unlikely to repeat its record 2008 export earnings from commodities including palm oil, rubber and timber of RM112.4 billion this year, due to declining commodity prices caused by the global economic crisis. It would be the first annual decline in four years. Palm oil export earnings are...
Palm Oil Supply Squeeze May Trigger Rush to Buy
Analysts say any further rise in palm oil prices may see soya oil take more market share from palm oil in the future STUNG by the twin woes of erratic weather and aggressive replanting, palm oil traders are bracing for a supply squeeze in the months ahead, spurring importers to stock up ahead of an ...
‘Green’ Palm Oil Planters Struggle to Find Buyers
JAKARTA: Palm oil planters in the world’s top two producers Indonesia and Malaysia are struggling to find buyers for their eco-friendly palm oil, an industry official said today, threatening to slow momentum. Under fire from green groups and some Western consumers, the palm oil industry established ...
Commodity Exports Set to Top RM92 Billion
Export earnings contribution from the commodity sector is expected to increase to over RM92 billion this year, backed by stronger prices and positive growth outlook. The outlook is on the upside based on the economic growth rates registered by Malaysia’s major trading partners including China....
Palm Futures Dip as Ringgit Rallies
Malaysia palm oil futures fell yesterday as the stronger ringgit and reports of higher production last month weighed on sentiment. Profit-taking across many commodities also pressured palm oil, which lost 5 per cent in the first quarter of 2010 because of expectations for a bumper soy crop and the g...
