News
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,...
Crude Palm Oil Weekly Report – 25 May 2014
Technical analysis for FCPO / FCPO Daily Chart Source: BursaStation Professional Despite good export reports, Malaysian palm oil futures fell 2.4 per cent for the week on Friday as stronger ringgit hindered buying interest from foreign investors and refiners. Futures crude palm oil (FCPO) August 201...
CPO Futures Up on Bargain-buying
KUALA LUMPUR: Crude palm oil futures rebounded to close higher on bargain-buying at a lower level. Phillip Futures product specialist David Ng said the gain on soyabean oil prices on the Chicago Board of Trade and good export demand were also supporting the prices. However, he said the stronger ring...
CPO: Downtrend Continues
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives continued its downtrend for the fourth consecutive day weighed by the weakness in soyabean oil prices on the Chicago Board of Trade. Phillip Futures Sdn Bhd Derivatives Product Specialist David Ng said the downside ma...
Oil Palm Industry to Contribute RM200bil to Malaysia’s Export Value
SANDAKAN: The oil palm industry will continue to be important to the Malaysian and Sabah economies, as the industry is projected to contribute an estimated RM200bil to Malaysia’s export value by 2020, about three times the current value. Chief Minister Datuk Seri Musa Aman said this ...
Oil Palm Industry Waste Have a Huge Potential
TAWAU: A lot can be tapped from the oil palm industry waste, Energy, Green, Technology and Water Minister Datuk Seri Dr Maximus Ongkili said. With the right innovative technologies the potentials in generating electricity along with other economic and environmental benefits from biogas and biomass a...
