News
CPO Futures to be Rangebound
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to see range-bound trading next week, dealers said. They said weaker soyaoil prices and strong ringgit would curb gains in the prices. “There is also market talk that palm oil production will rise this month following heav...
CPO Futures Lower on Strong Buying
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower yesterday on lack of a strong buying interest, dealers said. They said the weaker overnight soyaoil prices on the Chicago Board of Trade and the Dalian Commodity Exchange encouraged players to trim their position. At the close, ...
CPO Futures Rise on Strong Buying
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher yesterday on strong buying, dealers said. They said the positive palm oil export figures for March 1-25 also boosted buying sentiment in the market. Cargo surveyor Intertek Testing Services reported that Malaysian palm oil expo...
Malaysia March Palm Exports Up 2.3 Percent
Exports of Malaysian palm oil products for March 1-25 rose 2.3 per cent to 1,114,035 tonnes from 1,089,410 tonnes shipped between February 1 to 25, cargo surveyor Intertek Testing Services said today. – Reuters Source : Business Times
Mandatory Biofuel Sale to Start June Next Year
The mandatory sale of biofuel will be implemented in the central region of the country from June next year. Plantation Industries and Commodities Minister Tan Sri Bernard Dompok, who said this, added that the mandatory sale would be implemented in phases beginning in Kuala Lumpur, Selangor, Putrajay...
Biofuel Mandate to Start in June 2011
Malaysia has asked petroleum companies to bear the extra cost of selling diesel blended with palm oil from June next year to kick-start sales of the green fuel after a four-year delay. The world’s No. 2 palm oil producer has struggled to implement a mandate to push the blended fuel and support...
