News
Palm Oil Rises to Six-Week High on Exports Amid Brazil Dryness
Palm oil climbed to the highest level in six weeks on speculation that overseas demand may improve as dry weather hurt soybean crops in South America. Palm oil for April delivery rose as much as 0.7 percent to 2,654 ringgit ($798) a metric ton on Bursa Malaysia Derivatives, the highest level for a m...
CPO Futures Contracts Rebound
KUALA LUMPUR: Crude palm oil futures contracts rebounded to close higher yesterday, supported by expectations of lower stock levels in the coming months. However, Phillip Futures Sdn Bhd Derivative Product Specialist David Ng said the upside was capped by firmer ringgit and expectations o...
Palm Oil Climbs to Five-Week High as Malaysian Stockpiles Drop
Palm oil advanced to the highest level in more than five weeks on speculation that stockpiles in Malaysia will shrink as production declines in the world’s second-biggest supplier. Palm oil for April delivery gained 0.9 percent to 2,634 ringgit ($793) a metric ton on the Bursa Malaysia Derivatives, ...
Timely Reminder to Oil Palm Planters in Sarawak — SOPPOA
KUCHING: The Sarawak Oil Palm Plantation Owners Association (SOPPOA) yesterday applaud the stance of the state and federal governments in reminding oil palm planters here not to hastily sign with companies that may jeopardise the industry. Deputy Chief Minister Tan Sri Alfred Jabu made the remarks a...
Palm Futures Falls on Profit-booking
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed lower yesterday on profit-booking amid higher global soyabean supply outlook forecast by the United States Department of Agriculture. The weaker ringgit and declining palm oil output capped the downside. Februar...
Uggah: M’sian Palm Oil Accepted Globally
KUCHING: Malaysian palm oil has found its way to many parts of the world despite incessant anti-palm oil lobbies in Europe, particularly in France. Plantation Industries and Commodities Minister Datuk Amar Douglas Uggah Embas, who said this, attributed this achievement to the series of counter campa...
