News
Palm Oil Stocks Likely At Year’s High in November
KUALA LUMPUR: Malaysia’s palm oil stocks in November probably rose 2.8% to hit one-year highs of 2.03 million tonnes as output was still higher than exports despite falling at a faster pace, a Reuters poll showed yesterday. Stocks in the world’s No. 2 producer of the vegetable oil have grown since M...
Sime Unit Buys Palm Oil Grower
PETALING JAYA: Sime Darby Bhd wholly-owned unit Sime Darby Plantation Sdn Bhd had on Dec 4 acquired palm oil grower Nature Ambience Sdn Bhd (NASB) for RM16.8mil, the group told Bursa Malaysia yesterday. Sime Darby said the acquisition would enable the group to develop oil palm plantations in Sarawak...
Malaysia to Focus on R&D and Palm Oil Output
PASIR GUDANG: The Government will focus on further strengthening research and development (R&D) activities and enhancing productivity in the palm oil industry. Plantation Industries and Commodities Minister Tan Sri Bernard Dompok said the two key sectors of the industry would envisage Malaysia’s...
CPO Futures : Vulnerable to Wide Price Swings
OBSERVATIONS: The “experts” hath spoken and Kuala Lumpur CPO futures market players have taken heed. That apparently was why this market shot up last week, breaking out above the erstwhile RM2,515 immediate overhead resistance barrier on the upside last Friday on an unusually heavy turno...
Palm Oil Prices May Hit RM3,000 Next Year
NUSA DUA (Indonesia): Malaysian palm oil prices are set to hit RM3,000 next year as strong demand cuts high stocks and rising crude oil prices encourage more biofuel demand, two top analysts said yesterday. James Fry, who heads LMC International in London, said palm oil prices may rise to RM3,200 by...
Palm Oil May Soar to RM2,950 : Fry
Palm oil prices may soar to RM2,950 (US$872) a metric ton by June if crude oil trades at US$75 a barrel and Malaysian palm oil stockpiles reach 1.25 million tons, James Fry, managing director of LMC International said. That compares with his November 9 forecast of RM2,625 by April. Crude oil in New ...
