News
CPO Futures Close Lower
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday on expectation of higher inventories and production in August ahead of Malaysia Palm Oil Board’s report due to be released today. “Prices seem well-supported at RM2,400 level bu...
Palm Oil Edges Lower
SINGAPORE: Malaysian palm oil futures edged lower on Monday, as investor caution set in ahead of key industry data that could show end-stocks creeping higher in the world’s No.2 producer. Industry regulator the Malaysian Palm Oil Board (MPOB) is due to release August stocks data on Tuesday, wh...
Will palm oil survive climate change?
A CONCERN: Rising temperatures, water stress and flooding threaten industry WORLD leaders met again in Rio de Janeiro, Brazil. This samba capital of the world hosted a global discourse on the fate of the planet. The first meeting there was held 20 years ago. The subject matter remained the same. Wha...
Palm Futures Downtrend Continues
KUALA LUMPUR: Crude palm oil (CPO) futures closed lower yesterday, tracking the weaker soyabean oil markets. Phillip Futures derivative product specialist David Ng said the downtrend was seen as limited as there was a good demand for palm oil. CPO exports in August rose by 7.6 per cent co...
Uggah: Malaysia to have own palm oil certification standard next year
KUALA LUMPUR: Malaysia will introduce the Malaysian Sustainable Palm Oil (MSPO) as the National Standard from next year, Plantation Industries and Commodities Minister Datuk Seri Douglas Uggah Embas said yesterday. He said the new standard would outline the principles and criteria for Malaysia’s pal...
Malaysia to Launch National Palm Oil Standard in 2014
KUALA LUMPUR: Malaysia is set to officially launch its national palm oil standard – the Malaysian Sustainable Palm Oil (MSPO) by next year, says Plantation Industries and Commodities Minister Datuk Seri Douglas Unggah Embas. The MSPO branding is expected to enable local palm oil to gain better...
