News
Ayrault: French Gov’t Will not Discriminate Palm Oil Products
PUTRAJAYA: The French Government will not discriminate palm oil products from other vegetable oils, French Prime Minister Jean-Marc Ayrault said yesterday. In giving the assurance, Ayrault said although there were some initiatives taken by members of parliament in France to impose a special tax for ...
CPO Futures Dip as Buyers Stay Cautious
KUALA LUMPUR: Crude palm oil futures closed lower yesterday as buyers cautiously awaited China’s export data. Phillip Futures Sdn Bhd Derivative Product Specialist David Ng said the prices are expected to be within market range and a tough fight between buyers and sellers is also possible...
France Not Hostile to Palm Oil, Says Ayrault
KUALA LUMPUR: French Prime Minister Jean-Marc Ayrault has rejected allegations that his government is hostile to palm oil. Ayrault, who arrives in Malaysia today for an official visit, gave his government’s commitment that palm oil would not be taxed. “A proposal from (French) Parliament sought to t...
Palm Futures Down on Profit-taking
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday amid profit-taking activities after gains on the Chicago Board of Trade soyaoil futures market. Philip Futures Sdn Bhd Derivative Product Specialist David Ng said the demand for oil was als...
CPO Futures Dip on Lack of Buying Support
KUALA LUMPUR: Crude palm oil (CPO) futures contract closed lower yesterday on lack of buying support from major buyers India. “Output in Malaysia was also rising from July onwards due to the seasonal high oil palm production cycle,” Philip Futures Sdn Bhd Derivative Product Speciali...
CPO Futures Up on Stronger Performance
KUALA LUMPUR: The crude palm oil futures closed higher in tandem with gains on the Chicago Board of Trade. Philip Futures Sdn Bhd Derivative Product Specialist David Ng said US soyabean futures rose on tight supplies and uncertainty over weather conditions. “Supplies have been tight since...
