News
Sabah Set to Grow Oil Palm Sector via EPPs
SABAH is committed to develop its oil palm sector through Entry Point Projects (EPPs) and ensure continuous improvement in environmental management under the industry. The EPPs includes replanting of oil palm, improving fresh fruit bunch yields, increasing oil extraction rate and improving wor...
Slips on Weak Sentiment
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday dampened by weak market sentiment and lacklustre export performance. For the first 15 days in October, Malaysia’s palm oil exports fell 16.5 per cent from the same period last month to 626,482 tonn...
Palm Slips To Over 3-Wk Low As Crude, Soy And Weak Exports Drag
KUALA LUMPUR, Oct 15 (Reuters) – Malaysian palm oil futures slipped to a more than three-week low on Wednesday, giving up gains made in the previous session as crude and soy oil prices slumped, and as export demand remained lacklustre in the first half of October. Brent crude fell to a fresh 4...
CPO hits a more than 3-week low
KUALA LUMPUR: Crude palm oil (CPO) futures prices ended at a more than three-week low yesterday, a dealer said. He said the downtrend was influenced by the massive weakness in the crude oil market coupled with weak export performance as indicated by cargo surveyors. “Moving forward, prices are antic...
Palm Snaps Three-Day Losing Streak As Soy Gains
KUALA LUMPUR, Oct 14 (Reuters) – Malaysian palm oil futures rose on Tuesday to snap a three-day losing streak, lifted by anticipation of delays in the record U.S. soybean harvest, alongside hopes that firm demand for palm would hold stockpiles in check. Reports of variable yields from the U.S....
CPO Prices Rebound at Close
KUALA LUMPUR: Crude palm oil (CPO) futures prices rebounded at close yesterday amid mixed views on the market, a dealer said. He said the recent slump in crude oil prices had caused waning demand in the biodiesel market thus weighing on CPO prices. Under Budget 2015, Malaysia has extended the tax-fr...
