News
Dompok Maintains Palm Oil Export Target At Rm85 Bil For This Year
KAJANG, June 14 (Bernama) — Plantation Industries and Commodities Minister Tan Sri Bernard Dompok Thursday maintained Malaysia’s RM85 billion palm oil export earnings target for this year. He said it was too early to revise the target since it was only June now. “Last year, the oil...
Palm Futures Down on Little Buying Interest
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower yesterday on lack of buying interest. Spot month June 2012 and nearby month July 2012 each shed RM13 to RM2,917 per tonne and RM2,946 per tonne, respectively, while August 2012 declined RM17 to RM2,948...
CPO Futures end Easier on Europe woes
KUALA LUMPUR: The crude palm oil futures closed easier yesterday in tandem with other financial markets weighed down by renewed worries over the eurozone debt crisis, dealers said. Uncertainties in the global economy continued to dictate price movements and saw investors remaining cautious, a dealer...
CPO Futures Rise on Positive Sentiment
KUALA LUMPUR: The crude palm oil futures market ended higher yesterday supported by better external market sentiment, dealers said. The rescue package for Spain’s struggling banks lifted investor sentiment and soothed worries seen last week that caused a global sell-off in the financial market...
Palm Oil Seen Extending Drop on Falling Biofuel Appeal, Fry Says
Palm oil may extend a decline from its lowest level in seven months as a drop in crude oil prices reduces the appeal of the tropical oil for use in biofuels, according to LMC International Ltd. Futures on the Malaysian Derivatives Exchange may retreat to as low as 2,450 ringgit ($770) a metric ton i...
Exim Bank Boost for Palm Oil Exports
MUMBAI: A deal has been signed between Export-Import Bank of Malaysia Bhd (Exim Bank) and ICICI Bank Ltd and YES Bank of India to further enhance Malaysia-India trade — especially for palm oil. Through this collaboration, Exim Bank will provide credit lines to ICICI Bank — India’s largest private se...
