News
CPO Futures Lower on Weak Buying
KUALA LUMPUR: Crude palm oil futures closed lower yesterday on lack of buying support, dealers said. A dealer said amid concerns over the weaker palm oil export data released by Societe Generale de Surveillance and Intertek Agri Services, the traders continued to stay on the sidelines.&nb...
CPO Futures Up on Short-covering
KUALA LUMPUR: Crude palm oil futures closed higher yesteday on short covering after recent losses, a dealer said. He said traders were cautious, following data released by Societe Generale de Surveillance. The cargo surveyor said palm oil exports for November 1 – 25 fell 1.9 p...
Crude Palm Oil Futures Closed Sharply Lower
KUALA LUMPUR: Crude palm oil futures closed sharply lower for the second consecutive day yesterday due to a slowdown in demand for the commodity, dealers said. A dealer said although there were continuous orders for CPO from China the gains were offset by weaker shipments to Europe and India. Decemb...
CPO Futures Ended Higher
KUALA LUMPUR: Crude palm oil futures contracts prices on Bursa Malaysia Derivatives ended higher yesterday, tracking gains in soyabean, a dealer said. Spot month December 2012 increased RM26 to RM2,386 a tonne, January 2013 gained RM34 to RM2,430 while February 2013 climbed RM30 to RM2,459. Mar...
French Senate passes ‘Nutella Tax’
THE French Senate yesterday approved a 400 per cent tax hike on palm oil shipped into France. This will undermine Malaysia and Indonesia’s oil palm industry that currently generates employment for some five million farmers. Initiated by French Senator Yves Daudigny, the tax on palm oil will be raise...
MPOC Slams French Senator’s Huge Tax Increase on Palm Oil
KUALA LUMPUR: The Malaysian Palm Oil Council (MPOC) has slammed a French senator’s proposed “Nutella tax” – the imposition of a 300% tax increase on palm oil — and urged the French government to reject the plan. MPOC chief executive officer Tan Sri Dr Yusof Basiron...
