News
MPOC Chief Sees Crude Palm Oil Trading RM2,500 to RM3,200
KUALA LUMPUR: The Malaysia Palm Oil Council (MPOC) expects crude palm oil (CPO) price for this year to trade between RM2,500 and RM3,200 a tonne. MPOC chief executive officer Tan Sri Dr Yusof Basiron said on Tuesday palm oil prices were affected by a temporary oversupply in production and ...
Dompok: Sabah issue not big enough to factor in the supply and demand for the palm oil
KUALA LUMPUR: The recent development in Sabah is not big enough to factor in the supply and demand for the palm oil industry, said Plantation Industries and Commodities Minister Tan Sri Bernard Dompok. “I do not think refiners are affected as they are mostly in town areas,” Dompok said. The aff...
Palm Futures Move Higher
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives turned higher yesterday following the continued downtrend on the CPO prices recently, which has stoked demand, dealers said. March increased RM50 to RM2,400 a tonne, April added RM45 to RM2,405, May rose RM...
Palm Futures Dip as Traders Stay Cautious
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed lower yesterday amid reports of a weak global economy, a dealer said. Interband Group senior palm oil trader, Jim Teh, said traders were cautious ahead of an industry conference to be held here next week. March 2013 ...
Weekly Crude Palm Oil Report March 3 2013
Crude palm oil futures (FCPO) on Bursa Malaysia Derivatives plunged this week due to slowdown in palm oil demand and better weather condition in South America. The benchmark FCPO May contract dived RM166 or 6.55 per cent to settle at RM2,368 per tonne on Friday from RM2,534 per tonne last Friday. T...
CPO Futures Down
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed lower yesterday on a lack of demand, dealers said. Interband Group Senior Palm Oil Trader Jim Teh said the traders traded cautiously in wary of India possibly raising its import tax. March 2013 lost RM15 to RM2,...
