News
CPO Prices to Range Between RM2,600-RM3,000
The drought and low stock levels over the last six months are causing the CPO prices to go up, says Malaysian Palm Oil Council CEO Tan Sri Dr Yusof Basiron. KUALA LUMPUR: Malaysian Palm Oil Council CEO Tan Sri Dr Yusof Basiron forecasts the crude palm oil (CPO) price to trade b...
Palm Futures Higher on Tight Supply
KUALA LUMPUR: Crude palm oil futures ended higher yesterday on the back of tightening palm oil supplies and tracking gains by soya oil on the Chicago Board of Trade. March 2014 eased RM4 to RM2,821 a tonne, April 2014 rose RM7 to RM2,812 a tonne, May 2014 gained RM6 to RM2,806 a tonne, June 2014 [&h...
Palm Oil Export Growth Stalling in Indonesia on Biofuel Jump
A jump in palm oil consumption for biodiesel in Indonesia, the world’s biggest supplier, will probably mean that shipments fail to increase this year for the first time since 2010 even as production climbs to a record. Exports may total 21 million metric tons, similar to 2013, as consumption climbs ...
Down on Profit-taking
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday on profit-taking after Wednesday’s strong gains. March 2014 eased RM15 to RM2,815 a tonne and April 2014 fell RM35 to RM2,794 a tonne, while May 2014 shed RM31 to RM2,779 a tonne. Ju...
Contracts End Higher
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended higher yesterday on expectation of lower inventory. March 2014 rose RM80 to RM2,830 a tonne, April 2014 added RM78 to RM2,829 a tonne, May 2014 improved RM76 to RM2,810 a tonne, June 2014 increased RM67 to RM2,7...
Palm Oil Gains to 17-month High
Palm oil advanced to the highest level in more than 17 months on speculation that inventories may decrease in Malaysia, the largest supplier after Indonesia, as output declines for a fourth month. The contract for May delivery climbed as much as 2.2 per cent to RM2,795 (US$854) a metric tonne on the...
