News
Malaysia May Maintain Zero Export Duty for CPO
Dompok: The Government will continue to assist the industry to remove the obstacles faced in penetrating new markets PUTRAJAYA: Malaysia would “perhaps” maintain the zero export duty for crude palm oil (CPO) for the third consecutive month, said Plantation, Industries and Commo...
Palm Futures Up on Speculative Play
CRUDE palm oil futures contracts on Bursa Malaysia Derivatives closed higher on speculative play for the second consecutive day yesterday. A dealer attributed the favourable performance, the highest this year, on external factors such as Indonesia raising export tax for palm oil and expectation...
CPO Futures Up on Speculative Play
CRUDE palm oil futures contracts on Bursa Malaysia Derivatives closed higher on speculative play yesterday, following news that Indonesia was increasing its export tax for palm oil, a dealer said. Interband Group senior palm oil trader Jim Teh said gains were limited as the market was still in ...
CPO Futures Up on Strong Demand
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher yesterday on strong demand for the commodity, dealers said. When trading ended, spot month February was RM42 higher at RM2,412 a tonne, March was RM44 better at RM2,444, April added RM45 to...
CPO Futures end Higher
KUALA LUMPUR: Crude palm oil futures contract on Bursa Malaysia Derivatives closed higher yesterday, supported by the dry weather in soya-producing countries. Spot month February 2013 was RM12 higher at RM2,370 a tonne, March 2013 was RM17 better at RM2,400, April 2013 added RM20 to RM2,4...
Palm Futures Up on Short-covering
KUALA LUMPUR: The crude palm oil futures closed higher on short covering activities and despite the downtrend in soyoil price on the Chicago Board of Trade. When trading ended, spot month February 2013 was RM12 higher at RM2,358 a tonne, March 2013 was up RM21 at RM2,383 a tonne, April 2013 bol...
