News
Palm Oil Down 0.5% on Low Demand
Amid subdued demand in the spot markets, crude palm oil prices traded lower by 0.57% to Rs 544 per 10 kg in futures trade today as speculators trimmed positions. At the Multi Commodity Exchange, crude palm oil for delivery in June declined by Rs 3.10, or 0.57% to Rs 544 per 10 kg in busine...
Natural Gas Price Set to Hit Oleochem Exports
KUALA LUMPUR: Oleochemical exports will be more costlier following the natural gas’ price hike effective yesterday, said Malaysian Oleochemical Manufacturers’ Group (MOMG) chairman Tan Kean Hua. For those using natural gas of more than two million standard cu ft per day (mmscfd), they wil...
Indonesia Looks at Changing Palm Oil Export Tax Structure
JAKARTA: Indonesia’s industry ministry is considering changes to the country’s palm oil export tax system, a government official said on Wednesday, as the top producer and exporter of the edible oil looks to further promote downstream industries. Southeast Asia’s biggest economy &#...
Indonesia Looks at Changing Palm Oil Export Tax Structure
JAKARTA: Indonesia’s industry ministry is considering changes to the country’s palm oil export tax system, a government official said on Wednesday, as the top producer and exporter of the edible oil looks to further promote downstream industries. Southeast Asia’s biggest economy &#...
Palm Futures End Lower in Quiet Trade
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed mostly lower in quiet trading after its recent gains, a dealer said. “However, higher CPO exports in April and the likely rise in demand in the coming weeks is expected to offer support and boost price...
CPO Futures Slips on Profit-taking
KUALA LUMPUR: The crude palm oil futures contract on Bursa Malaysia Derivatives closed lower after its recent gains, prompted by profit-taking activities. Phillip Futures Sdn Bhd derivative product specialist David Ng said the decline in crude oil prices and some pullback in the Chicago Board of Tra...
