News
CPO Futures Rise in Anticipation of Stock Drawdown
CRUDE palm oil futures (CPO) on Bursa Malaysia Derivatives closed mostly higher yesterday in anticipation of a drawdown in palm oil inventories, dealer said. Some investors have raised offer prices due to expectation of bullish data from the Malaysian Palm Oil Board which is scheduled to be released...
CPO Futures Close Higher
MALAYSIAN palm oil futures rose 1.9 per cent yesterday, led by the rally in crude oil, which posted its biggest percentage gain in four months on Tuesday and also lifted other vegetable oil markets. Palm oil has performed slightly better than other rival vegetable oils so far this year, falling just...
Malaysia to Explore Renewable Gas Potential
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Godrej Plans to Triple Palm Oil Output
MUMBAI: Godrej Agrovet Ltd, India’s biggest palm oil producer, plans to triple domestic output as demand for cooking oil surges, a company executive said. Godrej will invest 1 billion rupees (100 rupees = RM7.75) in the next five years building refineries to process production from more than 1...
Full B5 Biodiesel Implementation To Be This Year
THE government has decided to revert to the original plan of implementing the B5 mandate this year following a high powered meeting yesterday. It had initially set January 1 as the deadline to sell B5 biodiesel, a mixture of 5 per cent palm oil and 95 per cent diesel, at all petrol stations nationwi...
Palm Hits 1-Week High on Buoyant Commodities
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