News
CPO Futures Rise on Supply Fears
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed firmer yesterday on supply fears, dealers said. A dealer said the local CPO stock, which is already at a six-month low, is expected to decline further due to floods in the southern part of the country. “Lingering concerns over t...
CPO Futures Prices Close Easier
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed easier yesterday, as investors locked-in gains after the price surged to the highest level since March 2008 in intra-day trading, dealers said. The benchmark April CPO contract went up to as high as RM3,915. “The market opened h...
CPO Futures Expected to Rise Further
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are likely to trade higher next week on expectations of lower production. A dealer said prices should be rising further due to concerns over further tightening in the global vegetable oil supply. “The price outlook remains bullish as i...
Sarawak Flaunts Unique Charms to Draw Tourists
SARAWAK is capitalising on its unique attractions to woo tourism dollars from the meetings, incentives, conventions and exhibitions sector, said Deputy Tourism Minister Datuk Dr James Dawos Mamit. “Some of Sarawak’s assets and heritage have a natural advantage over Kuala Lumpur. For exam...
Malaysian Refiners Eye Indonesian Palm Oil
MALAYSIAN refiners have been forced to import extra Indonesian crude palm oil (CPO) after local supplies dropped on floods in a key growing area, delaying at least 70,000 tones of refined exports to major buyers like China and India that face soaring food costs, industry officials said yesterday. He...
CPO Futures Rise on Tight Supply
CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed higher yesterday on tight supply due to heavy rains in major producing countries, dealers said. The local market is closed today for the Federal Territory Day. February rose RM75 to RM3,840 a tonne, March increased RM89 to RM3,832, A...
