News
CPO Seen Hitting RM2,600 a Tonne
CRUDE palm oil (CPO) prices are expected to strengthen to RM2,600 a tonne next year as unexpected rainfall deficit returns in central Kalimantan and south Sumatera, Indonesia. Indonesia is the world’s largest CPO producer after Malaysia. In its research note, Maybank Kim Eng said a slowdown in Indon...
Palm Oil Exports Expected to Exceed RM61b
PETALING JAYA: Malaysia’s palm oil exports for the year is expected to be better than last year’s RM61.36 billion as the commodity’s prices have improved and exporters are shipping out more volumes of oil. For the first nine months, Malaysia has shipped out RM47.62 billion worth of palm o...
CPO Futures End Lower in Tracking Global Crude Oil Prices
KUALA LUMPUR: Crude palm oil (CPO) futures ended lower yesterday in line with the sharp depreciation in global crude oil prices. November 2014 and December 2014 lost RM28 each to RM2,287 a tonne and RM2,313 a tonne respectively, January 2015 fell RM30 to RM2,306 a tonne and February 2015 declined RM...
CPO Export Duty Exemption Extended
The biodiesel project is part of the Government initiatives to stablise the palm oil stock and price. KUCHING: In an effort to help mitigate the downtrend in crude palm oil (CPO) price, the Government has decided to extend the removal of the CPO export duty to December this year, said Plantation Ind...
Palm Enters Bull Market as Soybeans Rally, Biofuels Drive Demand
Palm oil entered a bull market on expectations that an increase in the biodiesel mandate in Malaysia and the biggest monthly rally in soybeans since 2012 would boost demand for the world’s most used cooking oil. Futures closed at 2,336 ringgit ($704) a metric ton on Bursa Malaysi...
January Start for MSPO Scheme
The Malaysian Sustainable Palm Oil (MSPO) sustainable palm oil certification scheme will be implemented in January, said the Plantation Industries and Commodities Ministry. Its minister Datuk Amar Douglas Uggah Embas said the MSPO standard and certification would also be the basis for the branding o...
