News
Higher Palm Oil Output to Cap Prices, Depending on El Nino
KUALA LUMPUR: Palm oil production in top growers Indonesia and Malaysia could pick up in the final months of this year, keeping a lid on prices, although some in the market are still worried about a potential El Nino plus tree stress in Malaysia. Crude palm prices in Malaysia have tumbled more than ...
Crude Palm Oil Weekly Report – August 3, 2014
Malaysian palm oil futures edged higher on Friday, after few weeks of decline due to weaker local currency which has supported the futures crude palm oil (FCPO) prices. FCPO benchmark for October 2014 contract settled at 2,284 which was up 19 points or 0.83 per cent from 2,265 last Friday. Trading v...
Palm Oil Price Revival Depends on Biodiesel Scheme
It is envisaged that some 500,000 tonnes of palm oil annually would be taken up from the palm oil stockpile for B5 biodiesel that will be used in the Government’s subsidised and non-subsidised sectors. (The B5 biodiesel is a blend of 5% palm oil or palm methyl ester (PME) with 90% diesel fuel)...
Debunking The Common Myths About Palm Oil
Palm oil is a naturally stable plant oil that can remain stable at frying temperatures of between 160°C and 200°C. – Filepic Palm effect on health has been a topic of debate since it first entered the US market in the 1980s, where soy bean oil is widely used for cooking. In the following years...
Palm Futures Lower on Reverses Earlier Gains
KUALA LUMPUR: Crude palm oil (CPO) futures prices reversed earlier gains to close lower yesterday dampened by the persistent weakness in soyabean market in Chicago, a dealer said. At the close, spot month August 2014 decreased RM21 to RM2,335 a tonne, September 2014 and October 2014 fell RM16 each t...
Palm Futures Prices Rebound
KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives rebounded yesterday, propped up by a stronger soyabean market. Phillip Futures Sdn Bhd derivative product specialist David Ng said the CPO recovered from Wednesday’s almost a year low in closing on the back of strong gains on ...
