News
CPO Futures End Marginally Lower
KUALA LUMPUR: Crude palm oil (CPO) futures prices ended marginally lower yesterday due to the prevailing negative sentiment, a dealer said. Phillip Futures derivative product specialist David Ng said expectation of higher production and stocks level weighed heavily on prices. Spot month September 20...
Palm Oil Shipments From Indonesia Climb to Seven-Month High
Palm oil exports from Indonesia, the world’s biggest producer, probably advanced in July to the highest level this year after India boosted purchases, helping to reduce stockpiles as output fell. Shipments rose 0.6 percent to 1.8 million metric tons from June, according to the median of estimat...
CPO Futures Plunge to Five-year Low
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives plunged to five-year low tracking huge losses on Chicago soyabean oil. Phillip Futures specialist, David Ng, said the difference between the palm oil and soya oil prices has narrowed and this aggravated selling pressure ...
Palm Imports by India Climb to Seven-Month High as Prices Slump
Palm oil imports by India, the world’s biggest buyer, jumped to the highest level since December as tumbling prices prompted traders and refiners to replenish inventories. Overseas purchases of crude and refined palm oils rose 14 percent to 648,503 metric tons in July from a...
India’s July palm oil imports up a tenth as local supplies lag
NEW DELHI: India’s palm oil imports rose by a tenth to 657,750 tonnes in July from a month earlier, data from a leading trade body showed, as buyers boosted shipments to meet a big gap in local supplies amid poor monsoon rains. Palm oil imports by the world’s top vegetable oil buyer are ...
Volatile CPO prices and higher stockpiles are likely to impact profits
PETALING JAYA: The fortunes of oil palm plantation companies in the second half of this year are uncertain given the volatile crude palm oil (CPO) prices amid escalating domestic palm oil stockpile, which is slated to re-visit the historic high of two million tonnes by year-end. CPO futures is curre...
