News
IOI Seeks Green Certification
Malaysia’s IOI Corp will finish planting oil palms on 60,000 hectares of its Indonesian land holdings in five years and will then seek“ green certification” for these estates, a top official said today. IOI, Malaysia’s second largest listed planter, has come under fire from green groups who say it h...
CPO Futures Close Mostly Higher
CRUDE palm oil futures on Bursa Malaysia Derivatives rebounded to close mostly higher yesterday prompted by stronger crude oil prices. Dealers said the market was technically oversold ahead of the release of a prospective planting report on today by the US Department of Agriculture. The market was a...
Unilever : No Plans to End Supply Contract with IOI
CONSUMER goods giant Unilever says it will not cancel palm oil supply contracts with IOI Corp Bhd and that it is confident the planter will address concerns over logging forests raised by a green group. IOI, Malaysia’s No. 2 planter, had dismissed the report by Friends of the Earth that it cle...
CPO Futures Lower Amid Cautious Trade
CRUDE palm oil futures on Bursa Malaysia Derivatives closed lower yesterday as traders were cautious ahead of export statistics to be released this week. “There are not many leads in the market. Export numbers are not expected to be fantastic for March despite earlier predictions of strong gro...
Unilever : IOI A Very Responsible Supplier
Consumer goods giant Unilever said it would not cancel palm oil supply contracts with Malaysia’s IOI and that it was confident the planter would address concerns over logging forests raised by a green group. IOI Corp, Malaysia’s No. 2 planter, had dismissed the report by Friends of the Earth that it...
CPO Futures – RM2,500 is Next Logical Target
OBSERVATIONS: The Kuala Lumpur CPO futures market plummeted for the third consecutive week in a row last week. The benchmark June 2010 contract closed last Friday at a 7-week low of RM2,534, down RM43 or 1.67 per cent over the week. The price slide in the past three weeks, from the recent peak of RM...
