News
Can M’sia Revive Biodiesel, Reduce Palm Oil Stock and Raise CPO Price?
MANY were taken by surprise by the recent launch of Biodiesel Malaysia Sdn Bhd, a consortium endorsed by the Government to spruce up the country’s fledgling biodiesel industry. Why this sudden interest to push for a new biodiesel set-up when the existing pioneering ones are still struggli...
Data Fails to Lift Trade Palm Futures
KUALA LUMPUR: Crude palm oil futures contracts closed lower yesterday despite better export data from cargo surveyors, dealers said. Exports of palm oil products in March rose by 5.48 per cent to 1.368 million tonnes. April 2013 eased RM25 to RM2,315 a tonne, May 2013 declined RM36 to RM2,332, ...
Crude Palm Oil Prices Expected to Trade Lower This Week
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are expected to trade lower this week amid quiet conditions and in the absence of positive factors, dealers said. Interband Group of Companies senior palm oil trader Jim Teh said investors were avoiding risky moves ...
Co-op to Invest Up to RM30mil in Palm Oil Industry
KUALA LUMPUR: The Malaysian Indian Entrepreneur Cooperative Ltd, which was founded in 2010, is strengthening its income growth by investing in the palm oil industry. According to its chairman, Madhu Marimuthu, the cooperative was targeting to invest about RM20mil to RM30mil through joint invest...
Weekly Crude Palm Oil Report March 31 2013
Crude palm oil futures (FCPO) on Bursa Malaysia Derivatives fell sharply this week due to bearish US Department of Agriculture (USDA) reports and slower exports demand. The benchmark FCPO June contract plunged RM115 or 4.61 per cent to settle at RM2,378 per tonne on Friday from RM2,493 per tonne las...
Crude Palm Oil Futures Down 0.58% on Global Cues
NEW DELHI: Amid weak global trend and subdued domestic demand, crude palm oil prices moved down by 0.58 per cent to Rs 462.70 per 10 kg in futures trade as speculators trimmed their positions. At the Multi Commodity Exchange, crude palm oil for delivery in April declined by Rs 2...
