News
China Demand for Palm Oil to Pick Up
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Stronger Ringgit Weighs on Palm Oil Futures
Malaysian palm oil futures fell 1.1 per cent yesterday as the stronger ringgit currency offset earlier crude oil-driven gains. Commodities across the board were up on the weaker US dollar but palm oil erased its gains made in the morning session as the Malaysian currency hit a 21-month high, chewing...
Sarawak Primed for Oil Palm Boom
The future of oil palm plantings lies in Sarawak as Malaysia’s agriculture land is limited. Last year, the state overtook Johor to be the second biggest oil palm state in the country after Sabah. In view of this, it is important for the Malaysian Palm Oil Board (MPOB) to be more forthcoming in...
CPO Futures – RM2,570 Level Faces Challenge
OBSERVATIONS: The Kuala Lumpur crude palm oil futures market traded within a narrow RM2,500-RM2,570 band last week. But technical indicators suggest this market is poised to stage a breakout above the upper parameter of that trading band. This market swooped in early trade last week to a low of RM2,...
Planter – Government Talks a Way to Cut Wastage
Billions of ringgit are wasted along the whole palm oil value chain every year and oil palm planters say closer ties with the government can prevent such losses. “So far, reports have been focusing on labour shortage. It is not just that one issue. It is more of inefficiencies along the whole ...
CPO Futures Expected to Trade Higher
Crude palm oil futures on Bursa Malaysia Derivatives are expected to trade higher next week on expectations of lower production, dealers said. Industry regulator, the Malaysian Palm Oil Board, is due to release the export, output and stock figures for March on Wednesday. During the week just ended, ...
