News
CPO price peaks at RM4,247.50 per tonne
KUALA LUMPUR (March 16): The price of crude palm oil (CPO) peaked at RM4,247.50 per tonne yesterday, an all-time high in the country’s palm oil industry history, compared with RM4,193 per tonne recorded on Thursday, which was the highest in 13 years. Plantation Industries and Commodities Minis...
CIMB, Maybank lift KLCI, CPO climbs to RM4,146
KUALA LUMPUR: CIMB and Maybank helped lift the FBM KLCI at midday on Monday while crude palm oil continued to climb higher and the ringgit firmed up against the US dollar. At 12.30pm, the KLCI was up 4.86 points or 0.3% to 1,620.55. Turnover was 5.876 billion shares valued at RM2.68bil. The broader ...
CPO futures to trade range-bound with downward bias this week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to remain range-bound with a downward bias this week as traders anticipate a weaker export phase in the coming weeks owing to recent high prices.Palm oil trader David Ng said for the week just ended, the ...
Malaysia to increase palm oil exports to Saudi Arabia
BENTONG (March 12): Malaysia will increase its palm oil exports to Saudi Arabia from 300,000 tonnes to 500,000 tonnes worth approximately RM1 billion. Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali said the volume was increased following Prime Minister Tan Sri Mu...
Palm oil rallies above RM3,900 a tonne, highest since March 2008
KUALA LUMPUR (Bernama) — The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives rallied above RM3,900, the highest in 13 years since March 3, 2008 as the Malaysian Palm Oil Board (MPOB) reported lower-than-expected stock levels in the country. The all-time high price for CPO f...
CPO hits 10-year high on sustained soyoil rally
KUALA LUMPUR: Palm oil extended gains to close at a new 10-year high before a monthly report on Malaysian reserves and output, with stronger soyoil because of weather woes in South America providing support to the market. While prices dipped into negative territory at one point yesterday, they rebou...
