News
Palm futures rise in rangebound trade
KUALA LUMPUR: Crude palm oil futures contract on Bursa Malaysia Derivatives closed higher yesterday as soyabean, its closest substitute, was poised for a better outlook. Trade was rangebound as most investors were awaiting the release of production and export data next week by the Malaysian Palm Oil...
World Bank Lifts Palm Oil Moratorium
WASHINGTON: The World Bank last Friday lifted an 18-month global moratorium on lending for new palm oil investments, endorsing a strategy that focuses on supporting small farmers that dominate the sector. The poverty-fighting institution suspended new investments in the palm oil sector in September ...
Palm Futures Seen Trading Firmer
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade higher next week driven by external influences, dealers said. They said the effect of the tighter soy and corn supply report, released by the United States Department of Agriculture (USDA) on Thursday, will co...
CPO Futures End Slightly Higher
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed slightly higher yesterday ahead of the report later on major crop seeding by the United States Department of Agriculture, a dealer said. Cargo surveyor Societe Generale de Surveillance reported a 2.3 per cent increase to 1,117,...
Oil Palm, Crop of the Future
On the issue of food security and how palm oil contributes positively, the Malaysian Palm Oil Council, under the steady guidance of its CEO, Tan Sri Dr. Yusof Basiron, has been very active in explaining and demystifying the misconceptions. At the Oil Technologist Association of India conference last...
CPO Futures Rise on Improved Sentiment
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday on improved sentiment, dealers said. They said the trading volume was higher as buyers anticipated prices to go up today following release of the report on major crop seedings by the US Department of Agricultur...
