News
Weekly Crude Palm Oil Report June 24 2012
Crude palm oil futures (FCPO) on Bursa Malaysia Derivatives soared this week due to the rising demand for tropical oil and the relief from the uncertainties in the eurozone countries. The benchmark FCPO September contract surged RM105 or 3.69 per cent to close at RM2,953 per tonne on Friday from RM2...
CPO Futures Continue Downtrend
KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives continued its downtrend for the second consecutive day yesterday, said Interband group of companies senior palm oil trader, Jim Teh. At the close, spot month July 2012 dropped RM58 to RM2,926 per tonne, August 2012 declined RM...
Human Faces of Palm Oil
As officials prepare to conclude the Rio+20 United Nations Conference on Sustainable Development in Rio de Janeiro, small oil palm farmers in Malaysia launched a new campaign, the Human Faces of Palm Oil, to inform consumers, policymakers and stakeholders how they are practising sustainable developm...
Palm futures close sharply lower
KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives closed sharply lower yesterday in tandem with regional markets and prompted by renewed worries over the global economy, dealers said. The July 2012 contract shed RM51 to RM2,984 per tonne, August 2012 fell RM49 to RM2,996 per ...
CPO Surges to RM3,042, Highest Since June 1
KUALA LUMPUR: Crude palm oil (CPO) futures for third-month delivery surged to RM3,042 in early trade on Wednesday, the highest since June 1. At 11.23am, the CPO futures was up RM85 to RM3,033 per tonne. The rebound in CPO prices could be due to higher demand for palm oil after hot and dry weather in...
CPO Futures Uptrend Continues
KUALA LUMPUR: The crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher for the third consecutive day yesterday, boosted by favourable export data released by cargo surveyors, dealers said. Cargo surveyor Intertek Testing Services yesterday reported that Malaysia’s pa...
