News
Diesel Shortage Hits Palm Oil Sector
KUALA LUMPUR: A repeat episode of the diesel shortage in Malaysia this year can badly jeopardise the entire supply chain for palm oil, one of the country’s top revenue earners, warned industry players. Sidhu Brothers Group, the country’s leading palm oil tanker haulage company, is hopeful that the G...
Palm Futures Dip on Weakening Demand
KUALA LUMPUR: Crude palm oil futures contract on Bursa Malaysia Derivatives ended mostly lower on dwindling demand from China and India. Traders were also cautious ahead of the release of June end-stocks and production figures. Both August 2013 and September 2013 fell RM4 each to RM2,296 and RM2,276...
CPO Futures Uptrend Continues
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives continued the uptrend for the third consecutive day to close slightly higher yesterday, following positive export data. August 2013 gained RM7 to RM2,300, September 2013 rose RM14 to RM2,280, October 2013 added RM23 to...
India’s 2012/13 Refined Palm Oil Imports Could Jump 69 Pct To Record
NEW DELHI: India’s refined palm oil imports could surge almost 69 percent to a record high in the year ending October, a key industry official said, as consumption picks up pace ahead of the festival season starting next month. Higher purchases will heighten calls to raise import duties to pro...
Palm Futures End Higher on Export Data
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher yesterday on positive export data. August 2013 gained RM10 to RM2,293, September 2013 rose RM10 to RM2,266, October 2013 added RM21 to RM2,236 and November 2013 surged RM24 to RM2,229 a tonne. ...
Palm Futures Up on Bargain Buying
KUALA LUMPUR: Crude palm oil (CPO) futures contracts closed higher yesterday due to bargain buying amid a rebound in soya oil prices on Chicago Board of Trade. August 2013 gained RM30 to RM2,283 a tonne, September 2013 rose RM45 to RM2,256, October 2013 added RM48 to RM2,215 and November ...
