News
Palm Futures Lower in Quiet Trade
KUALA LUMPUR: Crude palm oil futures closed sharply lower in quiet trade yesterday following steep decline in global commodities overnight amid growing concern over China’s economy. Phillip Futures Sdn Bhd investment analyst David Ng said traders were worried that China’s weak PMI w...
Red palm oil: A nutrient rich in vitamins and antioxidants
Red palm oil, or Elaeis guineensis, is far from a new discovery in alternative therapy. This ancient botanical, generally agreed to have existed since the earth’s inception, began as a consumer product in West Africa. Although red palm oil sounds like a luxurious suntan lotion, its utilit...
Palm Oil Retreats as Drop in Crude Reduces Appeal of Biofuels
Palm oil fell to the lowest level in more than a week as crude oil declined, reducing the appeal of vegetable oils as feedstock for biofuels. The contract for July delivery fell as much as 1.2 percent to 2,258 ringgit ($740) a metric ton on the Bursa Malaysia Derivatives, the lowest price for most-a...
Malaysia’s April Palm Oil Exports Down 5.6%
SINGAPORE: Exports of Malaysian palm oil products for April fell 5.6 percent to 1,292,371 tonnes, compared with 1,368,426 tonnes shipped during March, cargo surveyor Societe Generale de Surveillance said on late Tuesday. Reuters also reported that Malaysian palm oil futures edged higher on Tuesday a...
ULM Pharmacy Professor Invited to Speak at Conference in Malaysia
Dr. Paul Sylvester, Pfizer Endowed Professor of Pharmacology and Director of Graduate Studies and Research, has been invited to speak at the upcoming Dietary Palm Oil in Human Nutrition Conference – NUTRICON 2013. In May, he will attend the conference in Petaling Jaya, Malaysia. His paper R...
Palm Futures Close Sharply Lower
KUALA LUMPUR: The crude palm oil (CPO) futures contract ended sharply lower yesterday amid prospects of weak export estimation data for April, dealers said. Phillip Futures Sdn Bhd investment analyst David Ng said traders remained cautious ahead of the export data, expected to be released today...
