News
Palm Oil Climbs to One-month High
SINGAPORE: Malaysian palm oil futures rose on Thursday to their highest in more than a month, stretching gains to a third straight week as investors were optimistic about a recovery in demand ahead of the Muslim holy month of Ramadan. Higher export demand as buyers restock ahead of the festiva...
CPO Futures end Marginally Lower
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Malaysia Derivatives Exchange ended marginally lower on discouraging export data, dealers said. Societe Generale de Surveillance said exports of Malaysian palm oil products for May 1 to 20 declined 9.4 per cent to 799,405 tonnes from the same...
Palm Futures Up on Buying Support
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher yesterday on technical buying support for the commodity. Malaysia, the world’s No. 2 palm oil producer, maintained the tax on CPO exports for June to boost shipments and pare down invent...
Palm Oil Climbs on Demand Rise
KUALA LUMPUR: Palm oil advanced for the first time in four days on speculation that demand for the world’s most consumed vegetable oil may increase ahead of the Muslim fasting month of Ramadan. The contract for July delivery, the most active by open interest, gained 1.1 percent to end the morn...
CPO Futures End Mixed in Quiet Trade
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed mixed yesterday despite bearish export figures released by a cargo surveyor. According to Societe Generale de Surveillance, exports of Malaysian palm oil products for May 1-15 fell three per cent to 611,27...
Malaysia Keeps Palm Oil Export Tax Unchanged for Fourth Month
Malaysia left the tax on crude palm oil exports unchanged for a fourth month in June as the world’s second-largest producer seeks to increase shipments and trim inventories amid a decline in prices. Futures fell. Shipments will be taxed at 4.5 percent next month as the reference price was set a...
