News
Palm Futures Finish Higher
Kuala Lumpur: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed marginally higher yesterday due to the weakening ringgit against the US dollar, a dealer said. Phillip Futures Sdn Bhd Derivative Product Specialist, David Ng, said the higher prices were also due to the increasin...
‘Attack’ from Green Police
THE campaign against palm oil is multifaceted. It includes not only spreading negative ideas about palm oil around the world, but also attacking anyone who dares to tell the positive story. The environmental activists who form this campaign against palm oil act like “Green Police”. They are always r...
Palm Futures Finish Lower
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday on expectation of higher production, a dealer said. Phillip Futures Sdn Bhd Derivative Product Specialist, David Ng, said there was market perception that the CPO production in July would be higher...
Colombia’s Palm Oil Output Seen by Oil World Climbing to Record
Palm oil production in Colombia will climb to a record this year as trees planted three years ago start to bear fruit, Oil World said. Colombian output of palm oil, used for cooking and to make biofuel, will climb to 1.15 million metric tons in 2014 from 1.04 million tons last year, t...
RAM Ratings sees crude palm oil trading RM2,300 to RM2,500
KUALA LUMPUR: RAM Rating Services Bhd is maintaining its outlook on crude palm oil (CPO) prices for the second half of 2014 (H2,2014) as it expects prices to trade at an average of between RM2,300 and RM2,500 a tonne. The ratings agency kept its CPO forecast for the full year around RM2,500 to RM2,6...
Lower Export Tariff Sought for Refined Palm Oil
A palm oil industry group has demanded that the government cut the export duty on processed palm oil to help boost shipments amid new challenges in overseas markets. Lower export duty is necessary to enhance the competitiveness of refined palm oil from Indonesia, particularly given the country’...
