News
CPO Futures Dip on Reduced of Demand
KUALA LUMPUR: Crude palm oil futures contract closed lower yesterday on discouraging palm oil shipments in the first half of this month. Phillip Futures derivatives specialist David Ng also attributed the reduced demand to weak market sentiment and narrow price spread between palm oil and...
PM: Science Will Create Wealth, Jobs for People
TRANSFORMING LIVES: Science, technology instruments of social change KUALA LUMPUR: PRIME MINISTER Datuk Seri Najib Razak said the government is committed to developing the science and technology sectors, which are game-changers to transform Malaysia into a high-income nation. He said the government ...
CPO Futures Up on Demand Rising
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher yesterday on the prospect of better bio-diesel demand, said a dealer. Phillip Futures Sdn Bhd Derivative Product Specia-list David Ng said the higher CPO market was also boosted by bargain-hun...
Palm Oil Exports From Indonesia Seen Climbing to Nine-Month High
Palm oil shipments by Indonesia, the world’s largest producer, probably advanced to the highest level in nine months in November. Sales of palm and kernel oils gained 2.2 percent to 1.9 million tons from October, the median of estimates from five planters, traders and refiners compiled by Bloom...
Crude Palm Oil Weekly Report 15 December 2013
Malaysian palm oil futures (FCPO) dropped to their lowest for the week on Friday as it stretched losses into its fifth straight session as weakness in competing soy markets fuelled worries of a shift in demand from the tropical oil. The new benchmark FCPO December contract settled at RM2,562 per ton...
Palm Oil Declines as Falling Exports Seen Expanding Stockpiles
Palm oil dropped for a third day to a one-week low after data showed that exports from Malaysia declined, boosting concern inventories in the second-largest producer will increase from an eight-month high. The contract for delivery in February retreated 0.3 percent to end at 2,631 ringgit ($818...
