News
Palm Futures Down in Quiet Trade
KUALA LUMPUR: Crude palm oil (CPO) futures prices closed lower in quiet trading yesterday, dealers said. Phillip Futures specialist David Ng said the market declined on firm export demand, rebound in soyaoil prices in Chicago and a weaker ringgit versus the dollar. At close, June 2014 fell RM1 to RM...
Palm Futures Down in Quiet Trade
KUALA LUMPUR: Crude palm oil (CPO) futures prices closed lower in quiet trading yesterday, dealers said. Phillip Futures specialist David Ng said the market declined on firm export demand, rebound in soyaoil prices in Chicago and a weaker ringgit versus the dollar. At close, June 2014 fell RM1 to RM...
Malaysia Palm Oil Exports Seen by Oil World at 4-Year Low
Malaysia’s palm oil exports are forecast to be a four-year low in 2014 partly because of dry weather and also due to a shortage of labor, Oil World said. Exports will be 17.2 million metric tons, down 1 million tons from last year, the Hamburg-based researcher said in a report. Yields will...
CPO Futures Down on Slow Demand
KUALA LUMPUR: Crude palm oil futures contract on Bursa Malaysia Derivatives closed lower yesterday for the second consecutive day on slowing demand for the commodity, a dealer said. He said the weaker palm oil market was also in tandem with the easier soyaoil market. At close, June 2014 eased RM11 t...
El Nino To Have Little Impact On Sarawak Oil Palm Sector: Ta Ann
SIBU, May 26 (Bernama) — The expected El Nino dry weather phenomenon will have not much impact on the oil palm sector in Sarawak. Ta Ann Holdings Bhd chief executive officer Datuk Wong Kuo Hea said this was because more than 40 per cent of the state’s oil palm plantations are in peat soi...
Palm Oil Drops to 4-1/2 Month Low on Demand Worries
KUALA LUMPUR: Malaysian palm oil futures slid to their lowest in four-and-a-half months on Monday as the ringgit continued to advance and amid worries that festival-driven demand will fizzle out faster than expected. The benchmark August contract on the Bursa Malaysia Derivatives Exchange touched 2,...
