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Weekly Crude Palm Oil Report March 17 2013
Crude palm oil futures (FCPO) on Bursa Malaysia Derivatives settled the week lower in tandem with the fall in soybean oil prices and the pressure from the advancing harvest in South America. The benchmark FCPO May contract dipped RM34 or 1.39 per cent to settle at RM2,414 per tonne on Friday from ...
Crunch Time for CPO Producers
KUALA LUMPUR: Competition from Indonesia in the palm oil sector is set to heighten with the loss of Malaysia’s Generalised Scheme of Preferences (GSP) status in the European Union from January 2014, a measure that will lead to higher taxes on palm oil exports. The existing GSP offers developin...
CPO Likely to Trade Above RM2,300 This Week
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are likely to trade above RM2,300 this week, the same like the previous week, said Interband Group Senior Palm Oil Trader, Jim Teh said. “There are other oils in the world such as oilseed and soyabean and these...
Keeping CPO export tax at 4.5% positive for Malaysian refiners
KUALA LUMPUR: CIMB Equities Research said Malaysia’s decision to keep its crude palm oil (CPO) export tax at 4.5% in April is positive for Malaysian refiners, and neutral for its planters. It said on Monday the decision was, however, not a surprise as spot CPO prices had been hoverin...
Malaysia: Gains CPO power
After a slow year in 2012, Malaysian officials expect exports of crude palm oil (CPO) to expand in 2013. Prices that have fallen due to oversupply and slower demand are now on the rise again, and though they may moderate in the second half of the year, an average steady climb over the next two [&hel...
Palm oil: bearish or bullish?
The palm oil industry is receiving mixed signals from players across the globe. While certain factions are bearish about the industry’s future growth, others are optimistic that it will become bullish going forward. BizHive Weekly takes a close look at the progress of the industry. CPO – A mixed bag...
