News
RM50mil Allocated for M’sian Palm Oil Smallholders to be Certified
KUALA LUMPUR: The Ministry of Plantation Industries and Commodities has allocated some RM50 million for Malaysian palm oil smallholders for them to be certified with Malaysian Sustainable Palm Oil (MSPO). Minister Datuk Amar Douglas Uggah Embas said this during the Business Times Insight series, ent...
CPO Futures Slips on Easing Demand
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Malaysia Derivatives Exchange ended lower yesterday due to easing demand. A dealer said higher inventories in producing countries and a rebound in the ringgit against the US dollar limited any upside. July 2014 declined RM22 to RM2,462 a tonne, Au...
CPO Futures Prices End Firmer
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Malaysia Derivatives Exchange ended firmer yesterday, tracking gains in other commodity prices, a dealer said. At close, July 2014 rose RM39 to RM2,484 a tonne, August 2014 gained RM36 to RM2,475 a tonne, September 2014 improved RM33 to RM2,466 a ...
Commodities: Palm Oil Rises
KUALA LUMPUR: Malaysian palm oil futures rose for a third straight day on Monday as a spike in crude oil prices continued to stoke demand for the tropical oil, although disappointing export data for the first half of the month capped gains. Exports of Malaysian palm products for June 1-15 fell 7.8 p...
India’s May Palm Oil Imports Rise Ahead of Ramadan
NEW DELHI: India’s palm oil imports rose 22 percent to 654,255 tonnes in May from a month ago, data from the Solvent Extractors’ Association of India showed, as buyers stocked up ahead of the Muslim holy month of Ramadan when demand typically peaks. Palm oil imports by the world’s ...
CPO Futures End Mostly Higher
KUALA LUMPUR: Crude palm oil futures prices on Malaysia Derivatives Exchange closed mostly higher yesterday, taking the cue from the strong performance on the crude oil market. At close, July 2014 increased RM7 to RM2,440, August 2014 slipped RM1 to RM2,432, September 2014 advanced RM1 to RM2,428 an...
