News
MPOC Objects to Palm Oil Labelling
It is in Australia to voice concerns over the issue CANBERRA: A team of top officials from the Malaysian Palm Oil Council (MPOC) has appeared before a public hearing of the Australian senate community affairs legislation committee to testify regarding the Food Standards Amendment (Truth in Labelling...
CPO Futures Advance on Bargain Hunting
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher yesterday on bargain-hunting activities after recent losses, dealers said. They said the CPO prices traded lower last week on speculation of improved supplies in major producing countries as well as weaker export data. May 2011...
CPO Futures to Ease on Lack of Leads
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are expected to be lower next week in the absence of positive factors, dealers said. Jim Teh, senior trader at Interband Group, said the prices for the benchmark month next week were expected to be around RM3,000 to RM3,150. He said s...
Palm futures dip on awaited new leads
CRUDE palm oil futures prices closed lower for the third consecutive day yesterday as investors stayed on the sidelines awaiting the first 15 days of export data, dealers said. “People are looking for new leads,” said one trader on market sentiment. For now, the direction is from crude o...
CPO futures ease on increased output expectations
CRUDE palm oil (CPO) futures prices closed lower yesterday amid expectations of increased production in the upcoming months, a dealer said. He said the prices were also easier in line with the downtrend in crude oil and soyabean prices in the global market. April was down RM35 at RM3,385 a tonne, Ma...
CPO futures dip on profit-taking
CRUDE palm oil futures prices closed lower prompted by profit-taking activities, in tandem with easier soya oil prices on the Chicago Board of Trade. April 2011 was down RM35 at RM3,420 a tonne, May 2011 dropped RM33 to RM3,397, June 2011 trimmed RM44 to RM3,373 and July 2011 eased RM36 to RM3,372 a...
