News
CPO Futures Down on Profit-taking
KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower yesterday after profit-taking activities trimmed earlier gains, a dealer said. He said, the demand outlook also remained firm, in the medium-term, aided by the weakening ringgit against the doll...
India’s Rapeseed Output to Rise, May Curb Palm Oil Imports from M’sia
NEW DELH: India could produce up to 13 percent more rapeseed oil in 2014 as farmers take advantage of monsoon-soaked land to grow the more lucrative crop, traders said, which would help curb imports and its trade deficit. Increased domestic rapeseed output could help India, top global...
CPO Futures Hits 14-month High
KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives climbed to a 14-month high yesterday on expectations of lower output, a dealer said. Meanwhile, spot month December 2013 gained RM71 to RM2,653 a tonne, January 2014 firmed RM71 to RM2,652, February 2014 appreciated by RM...
CPO Futures Ends on Firm Note
KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives ended on a firm note yesterday on bargain hunting, dealers said. “Output in Malaysia and Indonesia is seen declining this month,” said Phillip Futures Sdn Bhd Derivative dealer David Ng. Spot month Decem...
CPO Futures Ends on Firm Note
KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives ended on a firm note yesterday on bargain hunting, dealers said. “Output in Malaysia and Indonesia is seen declining this month,” said Phillip Futures Sdn Bhd Derivative dealer David Ng. Spot month Decem...
Huge Potential, Opportunities in Oil Palm Cultivation
KUALA LUMPUR: Oil palm planting can play a vital role in West Africa’s future as it has in Southeast Asia’s economic rise, Malaysian Palm Oil Council chief executive officer Tan Sri Yusof Basiron said. “The African continent is expected to more than double its population by 20...
