News
MPOC: We can’t Follow Indonesia
NEW DELHI: Malaysia is currently mapping out plans to make its palm oil sector more competitive but it would not mirror that of Indonesia’s strategies, which in reality, will result in huge losses for producers. In Indonesia, export taxes are collected upfront from producers and Malaysia could...
Palm Futures up on Bullish Leads
KUALA LUMPUR: Crude palm oil (CPO) futures prices extended uptrend to close firmer, spurred by firmer soyaoil prices on the Chicago Board of Trade, a dealer said The market was also buoyed by expectations of bullish export data for the first 20 days of June, by cargo surveyors Societe Generale de Su...
CPO Futures up in Choppy Trade
KUALA LUMPUR: The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher yesterday amid the uncertain global economy. Kenanga Deutsche Futures dealer, Chan Chee Wei said the market remained cautious over the eurozone debt crisis despite the positive outcome from Greece el...
Palm Oil Continues to be the Nation’s Pillar of Growth
KUCHING: Malaysia’s influence in shaping the direction of the global palm oil market cannot be ignored though overtaken as the world’s largest palm oil producer by Indonesia. POISED FOR GROWTH: Although Malaysian is a major rubber and timber producer, almost three quarters of the country’s agricultu...
CPO Futures Prices end Mixed
KUALA LUMPUR: Crude palm oil futures prices ended mixed yesterday after dipping below RM2,900 a tonne for the first time this year, dealers said. A dealer said investors were concerned over news that central banks are preparing to support the potential fallout from tomorrow’s Greek election, d...
Palm Futures end Below RM2,900
KUALA LUMPUR: The crude palm oil (CPO) futures contract prices on Bursa Malaysia Derivatives yesterday tumbled below the RM2,900 level per tonne for the first time this year, dealers said. The August 2012 futures contract dipped to RM2,846 per tonne, down RM102. Spot month June 2012 and nearby July ...
