News
Palm Futures Rise on Speculative Buying
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed higher yesterday mainly on speculative buying ahead of the weekend, dealers said. They said buyers were still sidelined and waiting for fresh market leads amid the continued concerns of high stocks. Novemb...
Palm Futures Up on Buying Interest
KUALA LUMPUR: Crude palm oil futures closed higher yesterday on renewed buying interest in line with gains in the soya oil futures market, dealers said. Some dealers expect prices to be on the uptrend due to concerns of an anticipated rainy season ahead. Spot month November 2012 gained RM3 to R...
CPO Futures Rise on Mild Buying Interest
KUALA LUMPUR: Crude palm oil futures ended slightly higher yesterday on mild buying interest, dealers said. They said the market remained weak as buyers were concerned about the slowdown in the global economy. “Reports of higher inventory still lingered and there were no fresh news to pus...
China to Tighten Rules on Imports of Vegetable Oils
KUALA LUMPUR: In the news article titled “China’s palm oil imports likely to touch 6m tonnes”, Malaysian Palm Oil Council regional manager for China market Desmond Ng clarified that from January 2013, China is tightening control on the quality of vegetable oils imports. The new rules do n...
Malaysia Should Look at Removing CPO Export Taxes and Quotas
KUALA LUMPUR: Malaysia should consider removing all its crude palm oil (CPO) export taxes and quotas to enable local palm oil refiners to compete effectively againsts its Indonesian peers and also run their mills at full capacity, said famed palm oil trader Dorab Mistry of Godrej International. He o...
CPO Futures Close Slightly Lower
KUALA LUMPUR: Crude palm oil futures contract on Bursa Malaysia Derivatives ended slightly lower despite the encouraging set of export data released by two cargo surveyors. Dealers said losses were however limited. Intertek Testing Services reported that exports of Malaysian palm oil products f...
