News
Malaysia Mar 1 – 20 Palm Exports Fall
Exports of Malaysian palm oil products for March 1-20 dropped 2.4 per cent to 844,474 tonnes from 865,593 tonnes shipped between Feb. 1 and 20, cargo surveyor Societe Generale de Surveillance said on Monday. — Bloomberg Source : Business Times
CPO Futures : Bear Takes Over Driver’s Seat
OBSERVATIONS: The bear has dislodged the bull from the driver’s seat and is now firmly in control at the steering wheel in the Kuala Lumpur CPO futures market. This trade in places happened last week when the benchmark third month contract – now the June 2010 contract – smashed and...
Renewable Energy From Palm Oil Waste
KOTA KINABALU: Sabah’s palm oil industry produces enough waste to generate up to 700MW of electricity, an American energy researcher said. Dr Daniel M. Kammen said the figure was based on the 2008 palm oil production statistics and conservative growth estimates. He said biomass power generation plan...
Further Rise in CPO Futures Expected
Crude palm oil (CPO) futures traded on Bursa Malaysia Derivatives are expected to be higher next week, in tandem with the gains of other commodities such as crude oil and soyoil, said a dealer. A continued increase in crude oil prices would boost CPO prices as it is used to produce bio-diesel, and d...
Palm Oil Bounces From 5-Week Lows
PALM oil rose yesterday, trimming a weekly decline, on concern that dry weather caused by an El Nino may curb supply in Malaysia. The contract for delivery in June advanced as much as 1.8 per cent to RM2,580 a metric ton on the Malaysia Derivatives Exchange, and closed at RM2,577. The price ended la...
Dry Spell May Result in Lower CPO Output
PETALING JAYA: The current El Nino dry spell, if prolonged until the middle of this year in major oil palm growing states in Malaysia, could result in lower-than-expected production for the year. This could also cause crude palm oil (CPO) prices to stay firm at RM2,400 to RM2,800 per tonne for the r...
