News
Palm Gains to 7-Month High
Palm oil climbed to the highest level yesterday in more than seven months as crude oil traded above US$80 a barrel, improving the outlook for biofuels made from vegetable oils. Palm oil for March delivery advanced 0.8 per cent to RM2,702 a metric ton on the Malaysia Derivatives Exchange, the highest...
Palm Futures Hit 7-Months High
Crude palm oil futures ended higher yesterday, off 7-month highs hit earlier in the session as investors booked profits on a rally boosted by crude oil and expectations of strong demand. The weaker US dollar also boosted market sentiment, as investors favoured commodity and equity plays over the gre...
Planters May Step Up RSPO Compliance
RSPO, is a producer, consumer, supplier and non-governmental organisation that requires oil palm from Malaysia and Indonesia to be sustainably produced. The rules are meant to protect the environment and include provisions for not cutting down virgin forests for planting.AmResearch said the intense ...
CPO Upswing Bodes Well for Kulim
PETALING JAYA: Analysts are generally bullish on the plantation sector with crude palm oil (CPO) prices targeted to hit RM3,000 per tonne by the end of the first quarter. CPO is currently hovering around RM2,600 per tonne.An analyst with a local brokerage said Kulim Bhd should benefit from an upswin...
CPO Futures Rise as Oil Prices Advance
MALAYSIAN crude palm oil futures rose 0.6 per cent yesterday, propelled by crude oil’s advance to US$81 (US$1.00 = RM3.40) a barrel and expectations of strong food demand in the first quarter of this year. Palm oil prices extended gains on the first trading day of 2010 after posting their larg...
Exports to Bangladesh to Reach US$1 Billion
MALAYSIA’S exports to the People’s Republic of Bangladesh is expected to breach US$1 billion (USD1=RM3.39) in the 12 months ending June this year. Bangladeshi High Commissioner to Malaysia, A.K.M. Atiqur Rahman said between July 2008 and June 2009, Malaysia’s exports to the republi...
