News
Palm Oil is a Sustainable Energy Crop
SUGAR cane grown in Brazil and palm oil from Malaysia and Indonesia rank as the most sustainable of the current generation of biofuel crops, according to researchers at Wageningen University in the Netherlands. Researchers at the university’s plant-science department compared nine crops on criteria ...
CPO Futures End Lower Due to Profit-Taking
CRUDE palm oil futures on Bursa Malaysia Derivatives closed lower yesterday due to profit taking after Wednesday sharp gains, said a dealer. March 2010 and April 2010 shed RM16 each to settle at RM2,611 and RM2,604 respectively, while May 2010 dropped RM28 to RM2,600 and June 2010 declined RM15 to R...
Palm Futures Rise to Five-Week High
MALAYSIAN palm oil futures rose to more than a five-week high yesterday after the Lunar New Year holidays as traders priced in earlier gains from crude oil and rival soyoil. Expectations of weaker production this month due to the Lunar New Year holidays are likely to offset poor export data reported...
Palm Oil Advances on Crude Oil Rally
PALM oil gained the most in eight days after a rally in crude oil increased the prospects of biofuels made from the tropical commodity. Trading of the benchmark contract resumed after a two-day holiday marking the Chinese Lunar New Year. Crude oil in New York climbed the most in more than four month...
FELDA Steps Up Green Drive
The Federal Land Development Authority plans to build 51 biogas plants in Malaysia to grow its income as it can now claim carbon credits from the United Nations The Federal Land Development Authority (Felda), the world’s largest plantation owner and manager, plans to build 51 bioga...
Indonesian Exchange Plans CPO Futures Launch in April
JAKARTA: Indonesia’s new commodities exchange yesterday said it plans to launch a crude palm oil (CPO) futures contract in April, marking the second attempt to create a local benchmark price in the world’s top grower. PT Bursa Komoditi & Derivatif Indonesia, the new commodities and d...
