News
Palm Futures Lifted by Export Data
KUALA LUMPUR: Crude palm oil futures prices ended higher on the back of improved export data, gains in crude oil prices and a weaker ringgit against the US dollar. July 2014 appreciated by RM6 to RM2,497 a tonne, August 2014 went up RM1 to RM2,491, September 2014 added RM1 to RM2,483 , while October...
CPO Futures End Near One-month High
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Malaysia Derivatives Exchange ended at a near one-month high yesterday, a dealer said. At the close, July 2014 rose RM2 to RM2,491 per tonne, August 2014 up RM1 to RM2,490 per tonne, September 2014 added RM1 to RM2,482 per tonne, while October 201...
Palm Futures Up in Line with Soyaoil
KUALA LUMPUR: Crude palm oil futures prices ended higher yesterday in line with the rise in crude oil contracts and the Chicago Board of Trade soyaoil prices, a dealer said. At close, July 2014 rose RM29 to RM2,489 a tonne, August 2014 surged RM38 to RM2,489, September 2014 added RM39 to RM2,481, wh...
Oil Palm Industry Braces for Drought
If El Nino becomes a reality this year, it is set to affect palm oil production and supply, as well as global prices. The hot and dry spell experienced in the last few months had people wondering whether they were under the spell of the El Nino weather phenomenon. Yet it appears that it was [&hellip...
China’s Palm Oil Imports Seen Declining on Slower Economy
Palm oil purchases by China, the second-biggest buyer, may decline by about 11 percent this year as economic expansion slows and banks tighten lending to commodity importers, a survey shows. Imports may fall to 5.9 million metric tons in the 12 months to Sept. 30 from a year earlier, according ...
Palm Oil Industry Needs to Invest More in Downstream Activities
Money to be made: Pemandu is pushing for the palm oil industry to capture the full potential of downstream activities, especially in the finished segments that generate high value income such as oleo-derivatives. The local palm oil sector which has been driven by the upstream segment in the past dec...
