News
Fertiliser Act – Boon or Bane for Players?
JUDGING by the speedy completion of the final draft of Malaysia’snew Fertiliser Act, slated for tabling in parliament early next year, the Government is indeed determined to introduce the Act soon. The rationale is to ensure proper monitoring of fertiliser content before the end products are markete...
Palm Oil in Biggest Monthly Gain Since April
PALM oil had its biggest monthly advance since April yesterday, paringa decline on the day, as prices in China surged on speculation that drought in South America may reduce global vegetable oil supplies. Planting of soybeans in Argentina has been delayed because of adverse weather, according to the...
Palm Hits 15-Week High on Weather Fears
MALAYSIAN crude palm oil futures rose as much as 0.9 per cent today to hit a near-fifteen week high on fears that more rainy weather would cut into production. Palm oil scaled its highest since Aug 14, largely ignoring weaker crude oil prices and slightly higher export data released by cargo surveyo...
Malaysia Will Not Confront Anti-palm Oil Lobbyists
Malaysia will take a consultative approach, rather than confrontational, in dealing with anti-palm oil campaign, the Dewan Rakyat was told Monday. Deputy Plantation Industries and Commodities Minister Datuk Hamzah Zainuddin said that the country would rather held discussions with other edible oil pr...
CPO Futures Likely to Trade Higher Next Week
KUALA LUMPUR, Nov 21 (Bernama) — Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are expected to be rangebound next week, dealers said. “Players are expected to remain cautious over the volatile commodities market,” a dealer said. The benchmark month November 2009...
Palm Edges Up, Hits a New 11-Week High
MALAYSIAN crude palm oil futures edged up 0.4 per cent by midday today, hitting a new high in just over 11 weeks, on concerns that heavy rains may cause a drop in output this month, traders said. “Sentiment is positive. Now we are waiting for fundamentals to follow,” said a trader at a Kuala Lumpur-...
