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CPO Futures end Easier on Weak Export
KUALA LUMPUR: Crude palm oil futures contracts closed easier today following lower export numbers for March, dealers said. “Weak export data from Intertek Testing Services dampened the market,” a dealer said, April 2014 shed RM17 to RM2,718 a tonne, May 2014 eased RM18 to RM2,656 while J...
RM178b from palm oil industry by 2020
MUKAH: The government expects the palm oil industry to generate RM178 billion in revenue by 2020, said Plantation Industries and Commodities Minister Datuk Seri Douglas Uggah Embas. He said this could be achieved through higher productivity and greater downstream activities in the industry. The indu...
CPO Futures Dip on Sluggish Demand
KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives closed lower yesterday on sluggish demand and concerns over production being affected by prolonged drought. Market players are awaiting for the export data for this month to be released on Monday which will determine the global deman...
Government Expects Palm Oil Industry To Generate RM178 Billion Revenue By 2020, Says Uggah
MUKAH, March 27 (Bernama) — The Government expects the palm oil industry to generate a staggering RM178 billion revenue by 2020, says Plantation Industries and Commodities Minister Datuk Seri Douglas Uggah Embas. He said this could be achieved through higher productivity and greater palm oil-b...
Palm Futures Lower on Weak Demand
KUALA LUMPUR: Crude palm oil (CPO) futures prices retreated from Tuesday’s gains to close lower yesterday, on the back of weak demand for the commodity, a dealer said. “There was some buying interest at the lower levels amid likely lower supply in producing countries in the January-March...
CPO Futures Rise On Late Buying
KUALA LUMPUR: Crude palm oil (CPO) futures prices rebounded yesterday when late buying interest emerged at the end of the trading session. Cargo surveyor Intertek Testing Services export data from March 1-25 showed Malaysian exports of palm oil products fell 11.5 per cent to 927,290 tonnes. April 20...
