News
Palm Futures Up on Higher Demand
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended higher yesterday spurred by increased demand prompted by the dry weather in the US, dealers said. At close, spot month August 2012 rose RM55 to RM3,025 per tonne and September 2012 added RM58 to RM3,040 per tonn...
CPO Futures End Near 3-week Lows
KUALA LUMPUR: Local crude palm oil futures slid to a near three-week low yesterday, as traders booked profits on weaker exports and better production outlook here after a recent US weather-fuelled rally. “I think the market just doesn’t have enough push to go up further at the moment,...
True-blue Planter
KLK boss Tan Sri Lee Oi Hian is hailed as a true-blue planter by many of his peers in the palm oil industry. MALAYSIA, as the world’s authority on palm oil from R&D, agro technical services to superior planting materials, is now held as a reference point by developing nations that are keen...
Palm Futures Lower on Profit-taking
KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives ended lower yesterday prompted by profit-taking activities, dealers said. They said the market was also relatively quiet on lack of buying interest from refiners. At close, spot month August 2012 and September 2012 shed RM58 each to ...
Er Kok Leong Helped Ucover Potential of Palm Oil
ISF advisor Datuk Er Kok Leong, a trained chemist, found his calling in the food business. BACK in the days when the use of palm oil was not as pervasive as it is today, Datuk Er Kok Leong was preoccupied with uncovering the potential of the oil. “I would wake up in the middle of […]
CPO Futures Up on Supply Worries
CRUDE palm oil futures contracts on Bursa Malaysia Derivatives closed higher on supply concerns yesterday, dealers said. They said the positive outlook for the industry in line with growing demand worldwide would continue to boost market confidence and support prices. Spot month August rose RM41 to ...
