News
MPOB Report Key to Market Direction
OBSERVATIONS: The Kuala Lumpur CPO futures market’s pendulum has swung back up. This it did in late trade last week when the actively-traded April 2010 contract broke through on the upside the erstwhile short term RM2,510 a tonne overhead resistance level. The contract settled last Friday at R...
The Paradoxical Risk of ‘Ethical’ Investment
Some notable, major brand names have joined the “green” bandwagon in the lead up to the U.N. climate negotiations at Copenhagen in December. Suddenly, palm oil is “bad,” so Whole Foods retailers in the U.S., Lush cosmetics in Britain and Cadbury chocolate in New Zealand have ...
Palm Futures Firmer as Investors Eye Better Demand
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed mostly firmer yesterday on expectations of a higher overseas demand and bullish export data to be released next week. The Malaysian Palm Oil Board (MPOB) report is scheduled to be released next Wednesday. According to a dealer, invest...
Palm Futures Expected to be Firmer
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to be firmer next week with the market anticipating the release of positive export figures, dealers said. The prices will move in line with the prospect of favourable export figures to be released by the Malaysian Palm Oil Board...
FELDA to Build US$53 Million Palm Oil Refinery in India
FELDA, via a subsidiary, will build a US$53 milion (RM182.32) palm oil refinery, on a joint-venture basis, in Khopoli, India, middle of this year, its chairman Tan Sri Dr Mohd Yusof Noor said yesterday. He said the refinery was expected to be completed at the end of 2011. “During Prime Ministe...
CPO Prices Up
PETALING JAYA: Crude palm oil (CPO) futures rose to a two-week high yesterday on expectations of higher overseas demand for the commodity. Meanwhile, the rally on the local rubber market cooled down as China’s purchases of rubber slowed ahead of the Chinese New Year celebration next week. The benchm...
