News
CPO Futures Tracks Vegoils’ Rise
KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives ended mostly higher yesterday, tracking other vegetable oil markets, dealers said. A dealer said the market was choppy and there was late buying interest due to the weaker ringgit. October 2012 rose RM10 to RM2,278 a tonne, Nove...
Food Fight
Taking on the French anti-palm oil campaign orchestrated by parties out to protect the European vegetable oil industry. LAST month I had the good fortune to visit France and discuss our palm oil industry with policymakers, businesses and consumers. This trip was particularly important since France h...
CPO Futures end Firmer
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed firmer yesterday in active trading after sharp declines last week, dealers said. They said investors, anticipating a possible export tax change by the government, were cautious in their trading. At the close, Octo...
Palm Futures end Sharply Lower
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended sharply lower yesterday in choppy trading, dealers said. A dealer said investors were awaiting Malaysia’s export data for October 1-10 tomorrow, after weaker-than-expected numbers in September failed to allev...
Palm Futures end Higher on Buoyant Sentiment
KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives finished higher yesterday as traders anticipated a positive outcome from the export tax cut proposal, dealers said. October and November jumped RM59 each to RM2,248 and RM2,334 a tonne respectively, while January 2013 gained RM42 to ...
CPO Futures Up on Positive Sentiment
KUALA LUMPUR: Crude palm oil futures closed slightly higher yesterday on positive sentiment over a potential export tax cut, dealers said. A dealer said the market reacted well to a proposal by the Ministry of Plantation Industries and Commodities to cut the export tax to boost crude palm oil shipme...
