News
Palm futures recover on bargain-hunting
CRUDE palm oil futures prices on Bursa Malaysia Derivatives rebounded to close higher yesterday on bargain hunting, dealers said. October 2011 increased RM47 to RM2,982 a tonne, November 2011 rose RM41 to RM2,949, December 2011 gained RM43 to RM2,948 and January 2012 went up RM39 to RM2,950. Trading...
CPO Futures Down on Bearish Export Data
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives extended losses at close yesterday following bearish export numbers, dealers said. October 2011 slipped RM70 to close at RM2,935 a tonne, November 2011 dropped RM81 to RM2,908, December 2011 fell RM87 to RM2,905 and Janu...
Easier trading ahead for CPO futures
Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are expected to be lower next week in line with the anticipated weaker performance of other commodity markets overseas. Dealers said trading would be cautious on concerns over the weaker demand following a gloomy global economic ou...
MPOC Lauds Aussie Palm Oil Move
PETALING JAYA: The Malaysian Palm Oil Council (MPOC) yesterday lauded the move by a committee in the Australian House of Representatives to reject a proposed food labelling legislation that singled out palm oil. MPOC chief executive officer Tan Sri Dr Yusof Basiron was pleased by the Economics Commi...
Crude Palm Oil Flat
Crude palm oil futures on Bursa Malaysia Derivatives were flat Wednesday as overall sentiment was weak due to recession fears in the U.S. while some supportive factors kept prices from falling. Benchmark December contract ended MYR1 lower at MYR3,066 a metric ton, after trading both ways. Soyoil fut...
Boost for Oil Palm Smallholders
SIBU: The Performance Management and Delivery Unit (Pemandu) in the Prime Minister’s Department has allocated RM1 billion to help oil palm smallholders nationwide, to do new planting and replanting. The amount, to be managed by the Malaysian Palm Oil Board (MPOB), will be for a period of three...
