News
Sanctuary for Rescued Pygmy Elephant to Begin This Year
KOTA KINABALU, Jan 9 (Bernama) — A sanctuary for the rehabilitation of rescued Borneo pygmy elephants is expected to be operational in the middle of this year. Sabah Wildlife Director Dr Laurentius Ambu said 2,000 hectares of land has been reserved for the sanctuary, known as the Borneo Elepha...
Palm Futures Rise on Upbeat Sentiment
THE crude palm oil futures contract on Bursa Malaysia Derivatives closed higher yesterday ahead of the release of production data by the Malaysian Palm Oil Board today. A dealer said the industry expected a favourable set of data despite the uncertain global economy. The edible oil was also in tande...
Palm Futures’ Downtrend Continues
CRUDE palm oil futures on Bursa Malaysia Derivatives continued their downtrend yesterday as traders stayed on the sidelines, a dealer said. She said trading was volatile throughout the day and volume was thin. January 2012 fell RM19 to RM3,202 per tonne, February 2012 slipped RM23 to RM3,200 per ton...
Palm Futures Likely to Trade Lower
Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives is likely to trade lower next week in line with the weak performance in other commodity markets, dealers said. “Buyers will not actively enter the market next week due to the current high prices,” said Jim Teh, Interban...
Crude Palm Oil Slip on Profit-Taking
Crude palm oil futures on Malaysia’s derivatives exchange ended mostly lower Thursday as traders booked profits following recent gains and amid persistent euro-zone concerns, although losses were limited by worries that erratic weather may tighten global vegoil supplies. The benchmark March contract...
Crude Palm Oil Rises to 5-Week High on Weather Worries
Crude palm oil futures on Malaysia’s derivatives exchange ended higher Wednesday, in line with gains in the Dalian edible oil complex due to growing concerns about hot and dry weather in major soybean growers Argentina and Brazil. Traders are turning their focus from euro-zone debt issues to weather...
