News
CPO Futures Close Lower
KUALA LUMPUR: Crude palm oil (CPO) futures closed lower yesterday due to lack of demand but losses were limited by strong CPO shipments, a dealer said. Phillip Futures Sdn Bhd derivative product specialist David Ng said the weaker price was within expectation against the backdrop of higher outp...
Malaysia aims to double palm oil sales to Russia
MOSCOW: Malaysia aims to increase its palm oil import market share in Russia from the current 14 per cent to 25 per cent in the near term as the country has been identified as a major consumer of oils and fats. Plantation Industries and Commodities Minister Datuk Seri Douglas Uggah Embas said f...
Father of Malaysian Palm Oil, Tan Sri Dr. Augustine Ong Soon
Palm Oil is has been unduly over criticized over the years due to lack of understanding. To set the record straight, Tan Sri Emeritus Professor Datuk Dr. Augustine Ong Soon, fondly referred to as the Father of Malaysian Palm Oil, clears some myths surrounding the benefits of Palm Oil. Augustine rece...
Palm Futures Finish Higher
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher yesterday, tracking Chicago Board of Trade soya prices and optimism over a price-friendly US Department of Agriculture report later yesterday. “However, the upside is expected to be capped as ...
CPO Futures Lower on Output Hopes
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday on expectations of a rise in palm oil output this month. Phillip Futures Sdn Bhd Derivative Product Specialist David Ng said the decline of crude oil futures in overseas markets and a firme...
Palm Futures Lower on Strong Ringgit
KUALA LUMPUR: Crude palm oil (CPO) futures contracts closed lower yesterday due to the stronger ringgit against the US dollar and lower crude oil prices. Phillip Futures Sdn Bhd Derivative Product Specialist David Ng said Malaysia’s palm oil inventories, which grew to 1.67 million tonnes ...
