News
Palm Inches Lower As Ringgit Holds
JAKARTA, Oct 13 (Reuters) – Malaysian palm oil was down for a third day on Monday in low volume, but the decline was supported by a largely stable ringgit, as traders awaited stronger cues to move the market. “It’s down marginally at the beginning of the week, looking for a new lea...
CPO Futures Higher on Strong Export Performance
Kuala Lumpur: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday, thanks to September’s strong export performance. According to Cargo Surveyor Intertek Testing Services, exports of Malaysian palm oil products during the month rose by 16.3 per cent from a month ...
Inventory concerns push CPO prices lower
KUALA LUMPUR: Crude palm oil (CPO) futures prices remained lower yesterday as concerns over high inventory curbed demand for the commodity, said Phillip Futures derivative products specialist, David Ng. He said the local CPO stocks increased 1.7 per cent in September compared to the previous month, ...
Malaysia Seeks to Boost Palm Oil by With Tax-Free Extension
Malaysia’s extension of tax-free exports of crude palm oil until the year-end is intended to support prices and curb the buildup of reserves, said Plantation Industries and Commodities Minister Douglas Uggah Embas. “We hope this will continue to prevent any drastic fall in the price,” Uggah said in ...
CPO Falls Ahead of Key Crop Report
KUALA LUMPUR: Crude palm oil (CPO) futures fell lower yesterday as buyers stayed on the sidelines awaiting the release of key crop report due tomorrow. Phillip Futures Sdn Bhd derivative products specialist, David Ng, said the local market expected a lower CPO production for September. He said this ...
September CPO Output Down 6.64pc
KUALA LUMPUR: Malaysia’s crude palm oil (CPO) production fell by 6.64 per cent to 1.897 million tonnes in September from 2.032 million tonnes in August, the Malaysian Palm Oil Board (MPOB) said. In a statement here today, it said palm kernel decreased to 483,176 tonnes while crude palm kernel ...
