News
Malaysia to Slash CPO Export Tax
THE government plans to slash crude palm oil (CPO) tax to match the margin between crude and refined oil with that of Indonesia so that refiners here are better able to compete with rivals there. Indonesia and Malaysia are the world’s top two CPO producers respectively. Plantation Industries a...
CPO Futures up on Bargain Hunting
KUALA LUMPUR: Crude palm oil futures ended on a firm note yesterday on bargain hunting, dealers said. A dealer said the rebound occurred after CPO prices dropped to its lowest in nearly three years. “However, the recovery could be short-lived as fundamentals stay weak,” he said.October 2...
CPO Futures up on Bargain Hunting
KUALA LUMPUR: Crude palm oil futures ended on a firm note yesterday on bargain hunting, dealers said. A dealer said the rebound occurred after CPO prices dropped to its lowest in nearly three years. “However, the recovery could be short-lived as fundamentals stay weak,” he said.October 2...
CPO Futures Continue to end Lower
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed lower again yesterday on selling pressures, dealers said. A dealer said rising stocks and growing global supply of vegetable oils, especially soyabean oil, weighed on CPO prices. “Unfavourable export data also ...
Palm Futures Rise on Stocks Concerns
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives dipped yesterday on concerns over rising stocks and the uncertain global economic outlook. Spot month October dipped RM120 to RM2,300 per tonne, November declined RM69 to RM2,392 per tonne while January 2013 decreased...
CPO Futures end Lower on Profit-taking Activities
KUALA LUMPUR: CPO futures on Bursa Malaysia Derivatives ended the week lower prompted by continued profit-taking activities. “The volatility in the global market depressed demand. But, the current weak price is still profitable for planters,” said Jim Teh, Interband Group of Companies se...
