News
EU biofuels policy will ‘make things worse’
by Fredrik Erixon 12 April 2013 Yet again, the EU’s committee-style approach is about to repeat past mistakes – and to espouse policies that will only cause further problems – claims think-tank Europe, we are told, is now ushered into the era of ‘smart regulation’. Under...
Weekly Crude Palm Oil Report April 14 2013
Crude palm oil futures (FCPO) on Bursa Malaysia Derivatives slipped this week due to the strengthening in ringgit and concerns over the bird flu outbreak in China. The benchmark FCPO June contract dipped RM14 or 0.59 per cent to settle at RM2,345 per tonne on Friday from RM2,359 per tonne last Frid...
Palm Oil Flat On Uncertain Overseas Markets, China Bird Flu Worries
KUALA LUMPUR: Malaysian palm oil futures were flat in choppy trade on Friday, with no clear guidance from overseas markets and investors wary of a bird flu outbreak in China that could crimp demand from the world’s second largest edible oil buyer. Investors and analysts say an escalation of th...
Palm Oil Heads for Third Weekly Drop on Ringgit’s Winning Streak
Palm oil headed for a third weekly drop as the Malaysian currency gained against the dollar, reducing the appeal of ringgit-denominated futures. The contract for June delivery declined as much as 0.4 percent to 2,343 ringgit ($772) a metric ton on the Bursa Malaysia Derivatives exchange, before...
Palm Futures Lower on Firmer Ringgit
KUALA LUMPUR: Crude palm oil futures contracts closed lower yesterday, weighed down by the ringgit’s recent strength, a dealer said. However, the losses were lower than Wednesday’s, after the release of the Malaysian Palm Oil Board’s report, which showed stocks fell to their l...
Cooking Oil Imports by India Seen Rising on Price Fall, Demand
Cooking oil imports by India, the world’s largest palm oil buyer, probably advanced for a fourth straight month in March on rising domestic demand and a decline in global prices. Purchases of vegetable oils, including those for industrial use, climbed 17 percent to 850,000 metric...
