News
Palm Futures ends on Weaker Note
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed lower yesterday on expectations of lower exports for the month. Phillip Futures Sdn Bhd Investment analyst David Ng said the futures contracts were traded on a weaker note as rain over the past few days in parts of M...
CPO Futures Up on Short Covering
KUALA LUMPUR: Crude palm oil futures contracts were traded higher yesterday, influenced by short- covering and bargain-buying interest after a sharp fall in prices. Phillip Futures anlyst David Ng said the performance of the contracts tracked gains on the Chicago Board of Trade. April 2014 rose RM32...
Palm Futures end Slightly Lower
KUALA LUMPUR: Crude palm oil futures contracts closed slightly lower yesterday affected by slow demand for the commodity. Phillip Futures investment analyst David Ng said the slowing demand had put pressure on prices despite a fall in output. April 2014 rose RM10 to RM2,839 a tonne while May 2014 an...
Malaysia Increases Crude Palm Oil Export Tax as Prices Advance
Malaysia, the world’s second-largest palm producer, increased the tax on exports of crude oil after prices climbed to the highest level since 2012. Cargoes will be taxed at 5.5 percent in April from 5 percent this month, according to a customs statement on the website of the Malaysian Palm Oil Board...
Palm Oil Shipments From Indonesia Rise in February, Gapki Says
Exports of palm oil from Indonesia, the world’s largest producer, increased 0.6 percent in February from a month earlier as extreme weather hurt output of other cooking oils, said the Indonesian Palm Oil Association. Shipments of palm and kernel oils rose to 1.58 million metric tons f...
El Nino and Threat of Soy Oil Bears on Palm Oil Prices
Malaysian palm oil prices are set to take a dive with the pressure of soy oil and reduced demand from China — AFP pic LAUNCESTON, March 17 — Benchmark Malaysian palm oil futures have retreated from 18-month highs, and while prices may struggle in the next few months, the longer-term prognosis is til...
