News
Zero Duty Boosts CPO Prices
THE impact from the imposition of zero export duty on crude palm oil (CPO) by Malaysia, and more recently Indonesia, has been gradually reflected in the current CPO price, which has gained some ground after falling to a five-year low last month. In fact, international commodity trader Dorab Mistry t...
CPO Rebounds to Close Higher
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives rebounded to close higher yesterday as crude oil and soya oil both rose during Asian trading hours. Phillip Futures derivative products specialist David Ng said anticipation of a lower inventory after the strong performa...
Japanese Beauty House Shows Strong Interest
JOHOR BARU: When it comes to beauty products, palm oil has traditionally occupied the lower rungs as an ingredient in soap. It may yet move up the ladder a few rungs now with several cosmetic houses from South Korea and Japan showing interest in using a palm oil base for lipstick, foundation and day...
Palm Slips To Over 1-Wk Low As Crude Drops And Strong Ringgit
KUALA LUMPUR, Oct 2 (Reuters) – Malaysian palm oil futures slipped to their lowest in more than a week on Thursday, reversing gains in the morning session after crude prices dropped to a 27-month low and the ringgit climbed higher, curbing appetite for the tropical oil. Oil prices hit their lo...
Commodities: Palm oil slips
KUALA LUMPUR: Malaysian palm oil futures slipped to their lowest in more than a week on Thursday, reversing gains in the morning session after crude prices dropped to a 27-month low. Weaker oil prices makes palm a less attractive option to be used as biodiesel feedstock, eating into demand. Soyoil p...
Palm Dips As Investors Cautious On Prospects Of Big Soybean Crop
KUALA LUMPUR, Oct 1 (Reuters) – Malaysian palm oil futures dipped on Wednesday as investors turned wary of record supplies of rival oilseeds that could overwhelm global demand and curb appetite for the tropical oil. Palm prices rose 15 percent in September, their biggest monthly gain sinc...
