News
Palm Futures Fall 3.3 Percent to New 3-Month Low
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Palm Oil Futures May Drop to RM2,000
Palm oil futures may drop to RM2,000 (US$573) a metric ton if inventories pick up in September as production peaks, according to Dorab Mistry, director of Godrej International Ltd. A tight supply situation will keep the commodity between RM2,100 and RM2,300 “for the next few weeks” until the data pr...
CBIP Mulls Power Supply to Rural Areas via Mills
Palm oil mills can use biomass and biogas to generate electricity and contribute to the national grid, says CB Industrial Product’s managing director CB Industrial Product Holding Bhd (CBIP) (7076), known for its automated Modipalm mills and organic fertiliser plants, is looking to build renew...
CPO Futures in Consolidation Mode
OBSERVATIONS: Caught in the swirl of almost equally strong and opposing demand-supply cross-currents in global edible oil markets, players held back from taking firm positions while they pondered which of the forces would prove the stronger. And while they pondered, the major global edible oil futur...
Low Demand, High CPO Prices Slowing Biodiesel Production
PETALING JAYA: Biodiesel production has slowed significantly since early this year as demand falls amid the economic slowdown and as the price of crude palm oil (CPO) continues to stay higher than that of crude oil. Crude oil was trading at US$60 per barrel, equivalent to US$440 per tonne, while CPO...
