News
Global Palm Oil Demand to Rise on Attractive Price: Oil World
HAMBURG: Global palm oil demand is set to rise in coming months because of attractive prices and plentiful supplies compared to rival edible oils such as soyoil, Hamburg-based oilseeds analysts Oil World said on Tuesday. Global October 2012/September 2013 palm oil...
CPO Futures Up on Export Prospects
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher yesterday on expectations of better palm oil export figures, dealers said. April and May both improved RM42 to RM2,357 a tonne and RM2,374 a tonne respectively, June soared RM45 to RM2,382 and July ...
Asian Palm-Oil Planters Head to West Africa
Surveying miles of palm trees swaying softly in the tropical breeze in southwestern Ghana, Lim Peng Hor points proudly to a terraced slope of felled trunks that cuts through the lush landscape. “Look at the way we have arranged the tree trunks: they keep the nutrients in the soil,” said Hor, general...
Palm Oil Rebounds from Near 3-mth Low, Exports Support
SINGAPORE: Malaysian palm oil futures rebounded on Tuesday on bargain hunting after the edible oil fell to nearly a three-month low the previous day, while expectations that firm exports could help ease stocks further also provided support. Palm oil fell to its lowest since Jan. 11 on Monday after t...
Palm Oil Futures Gain
Palm oil advanced for the first time in four days as the lowest price at close this year stoked demand among importers. The contract for delivery in June advanced as much as 1.9 per cent to RM2,381 a metric tonne on the Malaysia Derivatives Exchange, and was at RM2,375 at 4:10pm in Kuala Lumpur. Fut...
Palm Oil Drops to Two-Month Low as Europe Crisis to Curb Demand
April 1 (Bloomberg) –Palm oil fell to the lowest level in more than two months on concern that exports from Malaysia, the second-biggest producer after Indonesia, may decline as Europe’s debt crisis and a slowing Chinese economy curb demand. The contract for delivery in June dropped as mu...
