News
Indonesia Plans to Set Export Quotas for Palm Oil
JAKARTA: Indonesia, the world’s top palm oil producer, is planning to set an exports quota for the tropical oil within the next five years in order to boost the by-product industry, Industry Minister M.S. Hidayat said yesterday. “For the downstream industry to grow, we need to limit expo...
CPO Futures Ease as Other Commodities Fall
MALAYSIAN crude palm oil futures ended 1.3 per cent lower yesterday as a new US proposal to limit financial risk taking took commodities across the board lower but traders say the market was likely to recover next week. Palm oil prices have lost nearly 8 per cent so far this year, with much of the [...
Commodity Export Earnings Likely to Rebound This Year
MALAYSIA’S commodity export earnings, which are forecast to dip by a quarter in 2009, are likely to post a rebound this year, in tandem with the global economic improvement. The country registered a record RM112.4 billion in export earnings in 2008 from commodities, including palm oil, rubber,...
Palm Futures Rebound From 2-Month Low
MALAYSIAN crude palm oil futures rebounded from their weakest in two months yesterday as traders took up positions after rival vegetable oil markets rose. Traders said palm oil as well as US and China soyoil markets gained after falling on concern that key commodities importer China could tighten cr...
CPO Futures Fall on Stockpile Concern
CRUDE palm oil futures on Bursa Malaysia Derivatives closed lower yesterday on concern over the high level of stocks, dealers said. They said the favourable export data for Jan 1-20 by cargo surveyors Intertek Testing Services (ITS) and Societe Generale de Surveillance (SGS) released yesterday was u...
Malaysia 1-20 Palm Oil Exports up 7.7 Percent
Exports of Malaysian palm oil products for January 1-20 rose 7.7 per cent to 924,003 tonnes from 858,307 tonnes shipped between December 1 and 20, cargo surveyor Intertek Testing Services said on Wednesday. — Reuters Source : Business Times
