News
World Bank Straying From Core Purpose
WASHINGTON-based World Growth (WG), a pro-development non-government group, said the World Bank is straying from its core purpose of poverty alleviation as it adopts narrowly-defined sustainability rules before it lends money for oil palm planting. This is despite the fact that Malaysia and Indonesi...
Analyst : Palm Oil Likely to Drop to RM2,600 by June 2011
MALAYSIAN palm oil should fall to RM2,600 by June 2011 on higher output in Southeast Asia and a decent soya crop but the pace of decline will be slower than the market expects, thanks to unusually low stocks, a key analyst said last Friday. The forecast by LMC chairman James Fry represents a fall of...
CPO Price Level Still Sustainable
The current level of the crude palm oil (CPO) futures prices of between RM3,200 and RM3,400 per tonne is still sustainable and likely to be maintained in the near-term, said a dealer. “For the moment, based on the current market situation, the resistance level is still sustainable. I don’...
Palm Futures Fall as Players Take Profit
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed mostly lower yesterday as some players took profit after Thursday’s gains, dealers said. At close, December 2010 fell RM12 to RM3,360 per tonne while January 2011 was unchanged at RM3,306 per tonne. February 2011 shed RM2...
Palm Futures Extend Gains
Crude palm oil futures prices on Bursa Malaysia Derivatives extended its gains to close higher, led by renewed buying, strong demand and projected shortage of the commodity, a dealer said. Cargo surveyor, Intertek Testing Services, said exports rose 18.9 per cent during the November 1-25 period comp...
Malaysia Nov Palm Exports Up 24.9pc: SGS
Exports of Malaysian palm oil products for November 1-25 rose/dropped 24.9 per cent to 1,363,256 tonnes from 1,091,158 tonnes shipped during October 1-25, cargo surveyor Societe Generale de Surveillance said today. – Reuters
