News
CPO Futures Rise on Continued Buying
CRUDE palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher again yesterday on continued buying from traders, dealers said. A dealer said trading was, however, volatile with traders on the lookout for fresh leads. “Spot month May 2011 turned bearish but overall fundament...
Malaysia May 1-10 Palm Exports Up 17 Percent : ITS
Malaysia’s palm oil exports rose 16.6 per cent in the first 10 days of May from the same period in April, independent market surveyor Intertek said. A total of 323,655 metric tons of the commodity were tracked from May 1 to 10, versus 277,698 in the same period last month, Intertek said in an e-mail...
CPO Futures Firmer on Positive Export Data
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher yesterday on positive export data from Malaysian Palm Oil Board (MPOB), dealers said. According to MPOB, palm oil exports in April rose to 1.332 million tonnes from the 1.235 million tonnes in March. May 2011 gained RM25 to RM3,...
Get Certified, Indonesia Tells Malaysian Planters
MEDAN: Malaysian oil palm planters in Indonesia will need to be separately certified under Indonesia Sustainable Palm Oil (ISPO), regardless of whether they have already been certified by the Roundtable on Sustainable Palm Oil (RSPO). In an interview with Business Times here recently, Indonesia̵...
CPO Futures Prices Rebound
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher yesterday after a broad-based commodities sell-off last week, dealers said. May 2011 climbed RM100 to RM3,475 a tonne, June 2011 gained RM59 to RM3,334, July 2011 added RM43 to RM3,238 and August 2011 inched up RM33 to RM3,220....
Malaysia Promotes Palm Oil in Korea
With palm oil gaining popularity for its wide range of uses from cooking to alternative fuel Malaysia stands ready to supply greater amounts to Korea, an official said. Palm oil products from Malaysia, Korea’s leading palm oil supplier, took the spotlight at a recent trade fair in Seoul organize...
