News
Palm Oil Drops to One-week Low as Brazil’s Soy Harvest Picks up
Palm declined for a second day, falling to the lowest level in more than a week, on concern that the advancing soybean harvest in Brazil will boost global oilseed supplies, depressing demand for the tropical oil. The contract for May delivery lost as much as 1.5 per cent to RM2,375 (US$765) a m...
CPO Price Likely to Recover When Stocks Normalise to Two-million-tonne Level
PETALING JAYA: Crude palm oil (CPO) price is expected to recover once palm oil stocks normalise closer to the two-million-tonne level. Data from the Malaysian Palm Oil Board indicate that Malaysia’s palm oil stocks reached a six-month low in February, falling by 5% to 2.44 million tonnes. CIMB ...
Modern Tracking Devices Help Curb Crude Palm Oil Thefts
KUALA LUMPUR: The introduction of various technological tracking devices has made it easier for fleet operators to curb crude palm oil (CPO) thefts through the sharing of data and intelligence. CPO tanker haulage group, Sidhu Brothers, said Malaysia was one of the most cargo theft-prone countries in...
Palm Futures Dip on Tracks Weaker Soya Oil
KUALA LUMPUR: Crude palm oil futures contracts closed lower yesterday, tracking the weaker soybean oil markets, dealers said. Meanwhile, local palm oil stock level released by the Malaysian Palm Oil Board lost 5.2 per cent to 2.44 million tonnes in February. March 2013 fell RM40 to RM2,40...
Palm Oil Inches Lower
SINGAPORE: Malaysian palm oil futures edged lower on Tuesday, tracking weaker overseas soybean oil markets, although losses were curbed by easing palm oil stocks. US soybeans dropped on Tuesday after data from the US Department of Agriculture showed slower export demand for the oilseeds, also ...
Affin Research Maintains CPO Average Price of RM2,800 for 2013
KUALA LUMPUR: Affin Investment Bank Research is maintaining its 2013 crude palm oil (CPO) average selling price assumption of RM2,800 a tonne. It said on Tuesday this was based on an average price range of RM2,500 to RM2,700 in the first half of 2013 and RM2,700 to RM2,900 in the second ha...
