News
Palm Oil Climbs as Slump to Lowest in Four Months Spurs Buying
Palm oil advanced for the first time in three days on speculation that a drop to the lowest level in more than four months was overdone. The contract for July delivery gained as much as 1.5 percent to 2,288 ringgit ($750) a metric ton on the Bursa Malaysia Derivatives, and was at 2,279 ringgit ...
Palm Oil Inches Higher
SINGAPORE: Palm oil futures inched up on Tuesday, as prices at 4-month lows the previous day attracted some buyers, although gains were limited by slowing export demand. A preliminary reading on Tuesday showed manufacturing growth in China slowed in April, further weighing on riskier assets su...
Palm Futures end Nears Four-month Low
KUALA LUMPUR: Crude palm oil futures contracts closed at a near four-month low yesterday amid the weak export data by surveyors, a dealer said. Interband Group senior palm oil trader, Jim Teh, said investors were cautious in a volatile market, with weak economic data from the United States and ...
CPO expected to hover between RM2,200 and RM2,300
KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives is expected to hover between RM2,200 and RM2,300 per tonne this week, a trader said. Interband Group senior palm oil trader Jim Teh said at this level, more physical buyers would be attracted to buy the edible oil while pl...
Oil palm growers slam electronic voting ‘bias’
OIL palm growers are unhappy with The Roundtable on Sustainable Palm Oil’s (RSPO) move to implement electronic voting. Currently, voting is done via manual balloting or show of hands. The RSPO, which was formed in 2004, is seen as being lopsided against the growers, who come mainly from Asia. ...
Crucial for palm oil industry to tackle GHG emissions early
PETALING JAYA: The Roundtable on Sustainable Palm Oil (RSPO) says it is strategically important for the palm oil industry to tackle greenhouse gas (GHG) emissions early, instead of having to later react to government policies. Responding to recent StarBiz articles that highlighted Malaysia...
