News
Palm Futures Lower on Weather Woes
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower, as traders remain on the sidelines due to concerns over the US’ wet weather, dealers said. Investors also avoided taking risky positions ahead of key reports later in the week, a dealer said. An...
Facts and Fallacies
Countering the anti-palm oil lobby means debunking the myths of its propaganda. IT’S like a scene from a movie. A young Caucasian blonde with her hair neatly slicked back under a headband is brushing her teeth in a YouTube video. She spits into the sink … and blood splatters across the white c...
Palm Oil Inventory Set to Jump
Survey: Stockpiles in July may be at the highest level in ten months KUALA LUMPUR: Palm oil stockpiles in Malaysia, the world’s second biggest producer, probably climbed the most in 10 months in July as output increased and exports fell, easing supply concerns as a drought cuts US soybean yiel...
CPO Futures Lower in Quiet Trade
KUALA LUMPUR: The crude palm oil futures contract on Bursa Malaysia Derivatives closed mostly lower in a quiet market yesterday, taking the cue from the soft performance globally, dealers said. A dealer said most of the players were awaiting for the US Department of Agriculture’s report and Ma...
Palm Futures end Generally Weaker
KUALA LUMPUR: Crude palm oil (CPO) futures contracts closed mostly lower on the US’ rainy weather prediction and the Fed’s inaction that erased hopes for new stimulus actions, dealers said. A dealer said the US rain prediction would indirectly increase soyabean production and increase su...
CPO Futures Down as Players Cautious
KUALA LUMPUR: The crude palm oil futures on closed lower with market players cautious over stocks building up. The US Fed monetary policy meeting, yesterday, would shed some light on the market’s immedite direction, said a dealer. Malaysia’s weak July export data and concerns over the dr...
