News
CPO Futures Rise on Active Buying
KUALA LUMPUR: Crude palm oil futures closed higher on increased buying interest yesterday. “Many dealers stocked up their inventories ahead of the year-end break,” Interband Group Senior Palm Oil Trader Jim Teh said. January 2013 surged RM42 to RM2,350 a tonne, February 2013 added R...
Palm Futures Higher Lift by Supply Woes
KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives ended higher yesterday on concerns over tight supply due to worsening flood and weather conditions on in major plantation areas in the east coast of Peninsular Malaysia, dealers said. January 2013 surged RM9 to RM2,308 a t...
China – Palm Oil Sails Through Troublesome Times in 2012
China is the most populous country in the world with over 1.35 billion people. The per capita oils and fats usage reached 24.6 kg in 2011, up 9.6 kg as compared to 15.0 kg in 2001 for an annual growth of oils and fats consumption by 6.0% over the last decade. During this period, palm […]
CM: More Sustainable Palm Oil Players Needed
TAWAU: The Sabah government wants to see more palm oil sector players in the state, including small estates, subscribing to the production of sustainably produced palm oil under the ambit of the Roundtable on Sustainable Palm Oil (RSPO). Chief Minister Datuk Seri Musa Aman said by following the RSPO...
CPO Futures Rise on Boosted by China Data
KUALA LUMPUR: Crude palm oil futures closed higher yesterday, supported by the market’s positive reaction to China HSBC Manufacturing Purchasing Manager’s Index. Kenanga Deutsche futures dealer Chan Chee Wei said the data showed China’s manufacturing activity achieved 50.9 in ...
Palm Futures Dip due to a Slower Export
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower due to a slowdown in exports at a time when inventory levels remain at record highs. January 2013 and February 2013 declined RM9 each to RM2,190 and RM2,268 per tonne, March 2013 eased RM12 to RM2,...
