News
CPO Futures Up in Cautious Trade
KUALA LUMPUR: Crude palm oil futures ended higher in cautious trading yesterday, in tandem with a better showing on the Chicago Board of Trade. The market was keenly awaiting the release of end-September’s palm oil stocks and production data by the Malaysian Palm Oil Board on Thursday. Sp...
Crude Palm Oil Weekly Report 6 October 2013
Crude Palm Oil Futures (FCPO) ended higher on Friday as it was lifted overnight by US soy-oil market. However, trade was silent yet volatile as investors waited for an industry report on stocks and output volume for the world’s second-largest producer. Market players and industry analysts expect Mal...
CPO futures down on high inventories
KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives closed lower yesterday due to rising inventories as well as concerns over global expansion in competing oilseed that may shift demand away from palm oil. The spread between soya oil and palm oil narrowed to US$150 from US...
Breakthrough in oil palm research
NEW GENOME: Our scientists beat the French to break the palm oil yield code RECENTLY, scientists from the Malaysian Palm Oil Board (MPOB) made headlines. Their breakthrough in deciphering oil palm genome was well-received. Dr Ravigadevi Sambanthamurthi, a fellow of the Academy of Sciences Malaysia w...
Palm Oil Down on Weak Ringgit
ROTTERDAM Palm oil on the European vegetable oils market eased on Monday because of a weak ringgit, but losses were limited by slightly larger Malaysian palm oil exports during September. * “The European cash market was lackluster overall ahead of the USDA quarterly stocks data, which was...
CPO Futures Up on Weaker Ringgit
KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives closed higher on the back of a weaker ringgit against the US dollar. However, rising palm oil inventories in Malaysia this month and weaker-than-expected Chinese HSBC Purchasing Managers index reading were seen limiting t...
