News
Visiting MP Call for Malaysian CPO Rep
MALAYSIA is doing the right thing to address the ongoing scathing attacks against the palm oil industry in Europe but it needs to be in the forefront to ensure that information is provided early, a visiting British member of the European Parliament said. Roger Helmer suggested having someone station...
‘Malaysia Should Focus on New Emerging Markets’
Malaysia, the world’s second largest palm oil exporter, should focus on new emerging markets to offset declining sales in other countries like main buyers China and India. TH Plantations Bhd chief executive officer Datuk Zainal Azwar Zainal Aminuddin said this would include markets such as Eas...
CPO Futures Ease
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday in line with the downtrend on the Chicago Board of Trade and the Dalian Commodity Exchange, dealers said. March 2011 and April 2011 fell RM107 each to close at RM3,643 and RM3,623 a tonne respectively. May 2011 ...
Palm Oil May Average RM3,400 in 2011
Palm oil prices may average more than RM3,400 (US$1,121) a metric ton in 2011, according to Malaysian Plantation and Commodities Minister Bernard Dompok. The price may average RM3,500 to RM3,600 a ton in 2012, Dompok said in a written response to questions from Bloomberg News. The most-active future...
Palm Oil Refiner on Expansion Trail
SINGAPORE: Singapore-listed palm oil refiner Mewah International is looking at Indonesia and China as potential sites for expansion as it expects demand for the commodity to outpace supply in the long term. The company is currently building its fourth refinery in Sabah, Malaysia, which will boost it...
CPO Futures End Higher
THE crude palm oil (CPO)futures contracts on Bursa Malaysia Derivatives closed higher yesterday, in line with the firmer crude oil prices, dealers said. They said crude oil prices are expected to trade higher due to the political unrest in Libya. Another dealer said CPO prices are expected to trade ...
