News
Oil Palm Expansion Plan Continues
BEARING FRUIT: Sarawak steadfast in efforts to raise income and living standard of rural folks, says Masing OIL palm planters in Sarawak are looking to plant up more of their agricultural landbank as palm oil prices have started to trade higher than RM2,700 per tonne this past month. Last Friday, th...
Palm Oil Prices Fall to 1-week Low Ahead of Export Data
JAKARTA: Malaysian palm oil futures extended losses into a third straight session on Thursday, reversing earlier gains as traders positioned themselves ahead of industry data due out in the coming days. By the close, the benchmark May contract on the Bursa Malaysia Derivatives Exchange had slipped 0...
Palm Oil Climbs on Concern Drought Will Reduce Soybean Supplies
Palm oil rebounded from the biggest decline this year on speculation that dry weather in Brazil will probably limit supplies of soybeans, crushed to yield an alternative cooking oil. The contract for May delivery climbed as much as 0.9 percent to 2,845 ringgit ($868) a metric ton on Bursa Malay...
VEGOILS-Palm falls to near 1-week low as profit-taking continues
By Anuradha Raghu KUALA LUMPUR, March 12 (Reuters) – Malaysian palm oil futures stretchedlosses into a second day on Wednesday, falling to a one-week low asprofit-taking continued to weigh, with some investors worried that higher pricesof palm oil could see key consumers switching to rival edi...
Palm Oil Down 0.7% on Subdued Demand
Crude palm oil prices fell 0.78% to Rs 600.10 per 10 kg in futures market today on subdued demand in the spot market against adequate stocks position. At the Multi Commodity Exchange, crude palm oil for delivery in March fell further by Rs 4.70, or 0.78%, to Rs 600.10 per 10 kg in a busine...
Research Firms Expect Higher CPO Prices
KUALA LUMPUR: Research firms expect the crude palm oil (CPO) prices to strengthen in the first half of 2014 amid prolonged dry weather in the palm oil-producing countries and Indonesia’s biodiesel programme. RHB Research expected the CPO prices to strengthen progressively throughout the second...
