News
Palm Rises as Korea Clash Fears Ease
PALM oil futures climbed the most in more than two weeks yesterday after concerns eased about an escalation in clashes between South and North Korea, boosting commodity prices, and as soybean oil gained on dry South American weather. The February-delivery contract jumped 1.7 percent to 3,168 ringgit...
Palm Hit as Commodity Prices Drop
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed sharply lower yesterday in tandem with the drop in prices across most commodities yesterday, dealers said. “The market was extremely volatile today amid concerns over China’s move to further tighten its monetary controls,&...
From ‘Dolly Parton’ Bunches to Smaller, Oil-Laden Ones
Scientists have produced the next set of oil palm trees that not only are easier to harvest, but also have a fifth more oil from the current batch. For the last 40 years, Malaysia has tried a variety of machines to harvest oil palm fruits as the industry works on efficiency and a worsening manpower ...
Palm Futures Lower on Selling Pressure
CRUDE palm oil futures on Bursa Malaysia Derivatives closed sharply lower yesterday on selling pressure, dealers said. They said trading was volatile despite positive export data for the first 20 days of this month as players were worried about the China’s move to step up monetary controls whi...
Malaysia November Palm Exports Up 18.3 Percent : SGS
Exports of Malaysian palm oil products for November 1-20 rose 18.3 per cent to 1,099,451 tonnes from 929,473 tonnes shipped during October 1-20, cargo surveyor Societe Generale de Surveillance said on Monday. – Reuters Source : Business Times
CPO Futures Set to be Firmer
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives is likely to be firmer next week following easing fears over inflationary pressures in China and the Ireland financial crisis. “There will be some speculative play next week as China has implemented a subsidy system instead of increasi...
