News
Palm Oil Gains as Exports Seen Rising on Higher Summer Demand
Palm oil gained on speculation that exports from Malaysia, the second-largest producer, may increase after climbing for the first time in three months in June. The contract for September delivery advanced as much as 0.5 percent to 2,387 ringgit ($748) a metric ton on the Bursa Malaysia Derivatives, ...
Palm Futures Up at Close
KUALA LUMPUR: The crude palm oil futures contract closed higher yesterday in anticipation of lower stocks for June. “Stocks are expected to drop further to 1.75 million tonnes in June, coupled with the good exports data and a slowdown in production,” said Philip Futures derivative p...
CPO Futures Prices Close Higher
KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher yesterday on the prospects of stocks dwindling in June as exports have picked up coupled with the onslaught of the Ramadan fasting month. However, the underlying sentiment of the market remains direc...
Palm Oil Seen Dropping to Lowest Since May: Technical Analysis
Palm, the most-consumed cooking oil, will probably decline 4.5 percent in the next two weeks to the lowest level since May as it remains in a downward trend, according to a technical analysis by RHB Investment Bank Bhd. The most-active contract on Bursa Malaysia Derivatives may drop to 2,250 ri...
Palm Futures end Marginally Lower
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed marginally lower yesterday, dealers said. Phillip Futures derivative product specialist, David Ng, said that the market was lower as the demand from China slowed due to sluggish economy in that country. Ju...
Zero Waste from Palm Oil Refineries to Reduce Pressure on Landfills
LAHAD DATU: The first factory in the palm oil industrial cluster (POIC Lahad Datu) here to process spent bleaching earth (SBE), a solid waste generated by palm oil refineries in Sabah, will commence operation in July 2014. Owned by EcoOils Sabah Sdn Bhd, a unit under Singapore-based Kewalram Chanrai...
