News
‘Educate Consumers on Sustainable Production’
MALAYSIA’s bid to achieve results in sustainable palm oil production will be successful only if consumers support the drive by accepting they have to pay more for a greener product, according to the Minister of Plantation, Industries and Commodities, Tan Sri Bernard Dompok. He said talks with ...
Dry Weather Spells Trouble
SINGAPORE: A severe dry spell across a wide swathe of Southeast Asia threatens to curb output of palm oil and rubber, while the weakest rainfall in more than a decade may cripple rice planting in top exporters Thailand and Vietnam. The resurgence of an El Nino weather pattern in a region that is the...
CPO Futures Easier on Technical Selling
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower yesterday on technical selling, a dealer said. “The market was influenced by external factors, despite the fact that there is potential for CPO outputs to decline amid the dry weather,” he said. Johor and Sabah have ...
Palm Futures Get Boost From Rising Crude Price
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher yesterday in line with the uptrend of other commodity prices, dealers said. The CPO futures prices received a boost from crude oil price which rose to US$82 per barrel in trading. At the close of CPO futures trading, the April ...
Palm Futures End Lower on Technical Buying
MALAYSIAN palm oil futures ended off one-month lows yesterday on technical buying and production concerns in the world’s No.2 producer of the vegetable oil. Benchmark June crude palm oil futures on the Bursa Malaysia Derivatives Exchange settled down RM6 at RM2,569 a tonne after going as low a...
Palm Futures Ease as Oil Dips Below US$80
PALM oil futures in Malaysia declined yesterday as crude oil traded below US$80 a barrel, reducing the appeal of vegetable oils processed to make biodiesel. The contract for May delivery lost as much as 1.3 per cent to RM2,597 a metric ton on the Malaysia Derivatives Exchange before ending at RM2,61...
