News
Malaysia Eyes to Capture 70 Percent of China’s Palm Oil Imports
SHANGHAI: Malaysia aims to capture a bigger share of China’s palm oil imports, according to Plantation Industries and Commodities minister Datuk Amar Douglas Uggah Embas. He said Malaysia currently accounted for 58.8% of the total imports, and the target was to increase the figure to 70%. “China is ...
CPO Futures Reverses Recent Gains
KUALA LUMPUR: Crude palm oil (CPO) futures reversed recent gains to close broadly lower yesterday as external factor prompted players to square off long positions, dealers said. Phillip Futures Sdn Bhd derivative product specialist, David Ng, said futures prices closed lower amid concerns over Indon...
10 Good Reasons Why You Should Fry Your Foods in Palm Oil
1 Palm oil is one of the most stable among the commonly traded edible oil. It does not breakdown and deteriorate easily producing by-products of frying which are undesirable for human consumption. 2 Palm oil brings out the natural taste of fried foods. This is due to its neutral bland taste. It is o...
Malaysia Could Allow Duty Free Palm Oil Exports Until Year End, says Felda Global
MUMBAI: Malaysia, the world’s second-biggest palm oil producer, could extend duty free exports until the end of 2014 if prices of the tropical oil remain at current levels, a leading palm oil producer told Reuters in an interview. Malaysia has allowed duty free exports of crude palm oil for Se...
Vegoils-Strong Exports, Prospect of Lower Output Lift Palm to 6-Week High
KUALA LUMPUR, Sept 25 (Reuters) – Malaysian palm oil futures stretched gains into a third day on Thursday to touch their highest in more than six weeks, buoyed by robust demand and expectations that output would drop this month. Market players said that firm export demand, coupled with weaker ...
CPO Climbs for Second Straight Day
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives climbed for a second consecutive day to close higher yesterday on continued buying interest, a dealer said. At the close, October 2014 advanced RM27 to RM2,205 a tonne, November 2014 and December 2014 both gained RM44 to...
