News
Standardising Palm Oil Quality
KUALA LUMPUR: The proposed voluntary certification for palm oil by the Government, the Malaysian Sustainable Palm Oil (MSPO), should be taken as an initiative and opportunity for local producers to brand and position local palm oil as quality oil. Speaking at the Palm Oil Industry Leadership Fo...
CPO Contracts Closed Higher
KUALA LUMPUR: Crude palm oil (CPO) futures contracts closed higher yesterday following strong gains in soyaoil prices, positive export data and talk of lower output in Malaysia this month. According to Intertek, Malaysia exported 1.16 million tonnes of palm oil in the first 25 days of this mont...
Palm Futures Close Higher
KUALA LUMPUR: The crude palm oil futures contracts on closed higher yesterday on the back of a weaker ringgit, dealers said. Phillip Futures derivative product specialist David Ng said CPO futures was supported by encouraging data for local palm exports and China’s Purchasing ManagersR...
Palm Oil Gains to Six-Week High as China Signals Demand Rebound
Palm advanced to the highest level in almost six weeks after data showed China’s manufacturing increased, fueled by domestic demand, and as a weaker Malaysian currency boosted the appeal of the ringgit-denominated futures. The contract for November delivery climbed as much as 0.5 percent to 2,3...
Palm Climbs to More than 1-month High
KUALA LUMPUR: Palm oil futures rose to their highest level in more than a month on Thursday after poor Malaysian economic data weakened the ringgit and a surprise surge in China’s manufacturing sector fuelled demand hopes from the world’s No.2 palm oil buyer. The ringgit dived to its lowest in...
CPO Futures Up on Weaker Ringgit
KUALA LUMPUR: The crude palm oil (CPO) futures contract ended higher yesterday as a weaker ringgit fuelled hopes of greater export demand, dealers said. A dealer said demand for palm oil could also be boosted by the weaker Indonesian rupiah. September 2013 rose RM13 to RM2,393 a tonne, October ...
