News
Palm Oil Gains as Drop to Lowest in Four Months Stokes Demand
Palm oil advanced on speculation that prices near a four-month low will increase demand for the tropical commodity used in food and fuel. The contract for July delivery climbed as much as 0.4 percent to 2,310 ringgit ($763) a metric ton on the Bursa Malaysia Derivatives and ended the morning se...
CPO Futures Down on Weak Exports
KUALA LUMPUR: The Crude Palm Oil futures contract fell to a near four-month low at close yesterday on weak exports, a dealer said. Cargo surveyor Intertek Testing Services said palm oil exports for April 1 to April 15, showed a four per cent fall to 648,275 from 675,210 tonnes for the same peri...
Palm Oil Ends Near Lowest This Year on Falling Biofuel Appeal
Palm oil ended unchanged as speculation that a decline in crude oil prices will reduce the demand for biofuels countered optimism that food demand may increase after futures dropped to the lowest level this year. The contract for July delivery, the most active by open interest and vol...
Global Spotlight on Next Week’s Palm Oil Meeting in Malaysia
THE Roundtable on Sustainable Palm Oil (RSPO) grouping’s EGM in Kuala Lumpur next week is set to be on the “watch list” of palm oil observers everywhere. Much is at stake, as its multi-stakeholders get to decide whether to pass the newly revised RSPO principles and criteria (P&C) for the p...
CPO Futures Down on Weak Exports
KUALA LUMPUR: The Crude Palm Oil futures contract fell to a near four-month low at close yesterday on weak exports, a dealer said. Cargo surveyor Intertek Testing Services said palm oil exports for April 1 to April 15, showed a four per cent fall to 648,275 from 675,210 tonnes for the same peri...
Malaysia Keeps Palm Oil Export Tax Unchanged for Third Month
Malaysia left the tax on crude palm oil exports unchanged for a third month in May as the world’s second-largest producer seeks to boost shipments and pare inventories. Futures tumbled to the lowest level this year. Shipments will be taxed at 4.5 percent next month as the reference price was set at ...
