News
CPO Futures Close Lower
Crude palm oil futures on Bursa Malaysia Derivatives closed lower yesterday on worries that China may reduce purchase of the commodity after implementing credit tightening measures, dealers said. They said other commodity markets were also lower after China’s central bank told Chinese banks th...
Palm Oil Exports From Malaysia To Exceed RM100bil by 2020
The export of palm oil products is expected to exceed RM100 billion in 2020 boosted by strong production, Plantation Industries and Commodities Minister, Tan Sri Bernard Dompok said on Tuesday. To achieve the target, he said the government is looking to generate exports of more value added products,...
Government Looks To Implement Full B5 Programme
The government is hoping to continue with the implementation of the full B5 programme, said Minister of Plantation Industries and Commodities, Tan Sri Bernard Dompok on Tuesday. Late last year, the ministry said it planned to reduce the bio-fuel blend with fossil fuel diesel to three per cent from f...
Malaysia Commodity Exports Fall 19pc
Malaysia’s commodity exports fell 19 per cent to RM84.6 billion in January to November from a year earlier, said Plantation Industries and Commodities Minister Bernard Dompok. The decline was attributed to the “weaker external demand due to the global financial crisis which began in the second quart...
Malaysia Mulls Perks For Palm Oil Millers To Be Green IPPs
The Malaysian government is carrying out a comprehensive study to help palm oil millers reduce their carbon footprint and at the same time become green independent power producers The government may offer specific incentives for palm oil millers to recycle waste to generate renewable energy and cont...
Positive Export Data Boost CPO Futures
Crude palm oil futures on Bursa Malaysia Derivatives closed higher yesterday, boosted by positive export data for the Jan 1-25 period, dealers said. Cargo surveyor Intertek Testing Services reported that Malaysian palm oil exports for the first 25 days of this month rose 21 per cent to 1,213,221 ton...
