News
Palm oil snaps four-day rally after Indonesia cuts export tax to 9 per cent
Palm oil snapped a four-day rally on speculation that shipments from Malaysia may drop after Indonesia, the world’s largest producer, cut export taxes. The contract for July delivery declined as much as one per cent to RM2,293 (US$757) a metric tonne on the Bursa Malaysia Derivatives and ended ...
Weekly Crude Palm Oil Report April 28 2013
Crude palm oil futures (FCPO) on Bursa Malaysia Derivatives rose this week on rising palm oil demand and the anticipation of better exports growth. The benchmark FCPO July contract increased RM20 or 0.87 per cent to settle at RM2,316 per tonne on Friday from RM2,296 per tonne last Friday. The tradin...
Palm Oil Seen to Hover Between RM2,200 and RM2,300 per Tonne this Week
KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives are expected to hover between RM2,200 and RM2,300 per tonne this week amid positive export data, a trader said. Interband group senior palm oil trader Jim Teh said Malaysia’s export data for the first 25 days of April was very ...
Oil Palm Growers Fail to Block Adoption of New RSPO Principles
KUALA LUMPUR: As expected, the oil palm grower members of the Roundtable on Sustainable Palm Oil (RSPO) have failed in their attempt to block the adoption of the newly revised RSPO principles and criteria (P&C) for the production of certified sustainable palm oil (CSPO) at the grouping’s e...
China Palm Stocks Easing From Record High, Indian Demands Weaken
Malaysia’s main Palm oil market is China and India SINGAPORE: Palm oil stocks in China probably eased 1.4 percent in end-March, from record high levels a month ago, as consumption in the world’s second-largest buyer of the commodity rose more than its imports, traders and analysts said o...
CPO Futures Uptrend Continues
KUALA LUMPUR: Crude palm oil futures contracts continued their uptrend yesterday to close mostly higher following a technical rebound and positive sentiment. An investment analyst said the higher CPO futures were also due to the positive impact from the export estimates. Spot month May 2013 gai...
