News
Why Only Palm Oil?
The next time you go to the shopping mart to buy a food item, take a look at the ingredients label. Chances are it will say the generic term vegetable oil rather than soyabean, rapeseed or palm oil. Labelling of vegetable oils in the US, Europe and Malaysia has been accepted as the industry norm [&h...
CPO Futures Down on Profit-Taking
CRUDE palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday on profit-taking, dealers said. September 2011 contract fell by RM8 to close at RM3,100 a tonne, October 2011 decreased RM14 to RM3,016, November was down RM19 to RM2,975 and December 2011 declined by RM13 to...
Palm Futures End Sharply Lower
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed sharply lower yesterday due to the proposed cut in export duty on the edible oil by Indonesia, dealers said. September 2011 contract fell by RM31 to close at RM3,108 per tonne, October 2011 decreased RM40 to RM3,030, while November an...
Aussie Government to Oppose Palm Oil Labelling
MELBOURNE: The Australian Government will oppose a Liberal-National Party coalition-supported anti-trade Private Member’s Bill on compulsory palm oil labelling as it would breach Australia’s obligations under the World Trade Organisation (WTO). Trade Minister Dr Craig Emerson told Parlia...
CPO Futures Down on Profit-Taking
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower yesterday on profit-taking, dealers said. September 2011 contract fell by RM22 to close at RM3,139 a tonne, October 2011 decreased RM34 to RM3,070, while November and December 2011 declined by RM32 each to RM3,036 and RM3,022 re...
CPO Futures Down on Profit Taking
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower yesterday on profit-taking, dealers said. September 2011 contract fell by RM22 to close at RM3,139 a tonne, October 2011 decreased RM34 to RM3,070, while November and December 2011 declined by RM32 each to RM3,036 and RM3,022 re...
