News
CPO Futures Falls on Strong Ringgit
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed lower yesterday on the back of a stronger ringgit. A dealer said the decline is due to expectations on the part of market players that palm oil production will increase prior to the release of the Malaysian Palm Oil ...
Palm Futures Down on Profit-taking
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday on profit-taking, ahead of the release of April data, a dealer said. “The market was cautious ahead of production data to be released by the Malaysian Palm Oil Board for March on Thursday....
Palm Futures Down on Profit-taking
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday on profit-taking, ahead of the release of April data, a dealer said. “The market was cautious ahead of production data to be released by the Malaysian Palm Oil Board for March on Thursday....
Palm Reserves in Malaysia Dropping to Lowest in Three Years
Palm oil stockpiles in Malaysia, the biggest supplier after Indonesia, probably declined for a third month in March, falling to the lowest level in three years, according to estimates compiled by Bloomberg. Inventories fell 3.6 percent from a month earlier to 1.6 million metric tons, the lowest sinc...
Palm Futures Eases on Stock Woes
KUALA LUMPUR: Crude palm oil (CPO) futures contracts closed lower yesterday on concerns over the increase in stockpiles amid weaker demand, a dealer said. He, however, said the risk of the El nino occurrence in the later part of this year is seen to be supporting palm oil prices. April 2014 lost RM3...
Govt Devises Strategies to Counter Anti-palm oil Campaigns
KUALA LUMPUR: The government has devised several strategies, including setting up the country’s own palm oil certification body, to counter the anti-palm oil campaigns engineered by its international rivals. Plantation Industries and Commodities Minister Datuk Douglas Uggah Embas told Parliame...
