News
Malaysia, Indonesia In United Stand To Promote Palm Oil
BRUSSELS: In a united stand, the world’s top palm oil producers – Malaysia and Indonesia – have expressed strong intention to undertake more joint activity to promote the commodity’s sustainable production image and address the mounting negative publicity among the green NGOs and major importing Wes...
Most Of Global Certified Sustainable Palm Oil Is From M’sia
KUCHING: About 65% of the 3.2 million tonnes of global certified sustainable palm oil come from Malaysia, said a RSPO (Roundtable for Sustainable Palm Oil) executive director Jeremy Goon Kin Wai. He said the remaining 35% was contributed by Indonesia and Papua New Guinea. “Certified sustainable palm...
CPO Futures Down On Volatile Trading
Crude palm oil futures ended lower following concerns that China may impose a crackdown to curb food inflation and prices, dealers said. “The market was very volatile today although there were no supply shortages at this point of time,” a dealer said, adding that some liquidation by trad...
MPOC: Palm Oil Still Cheaper Compared To Other Vegetable Oils
Despite high crude palm oil (CPO) price, the commodity is still competitive vis-a-vis major competing vegetable oils in the world like soyoil, sunflower and rapeseed, said a senior official of the Malaysian Palm Oil Council (MPOC). MPOC deputy chief executive officer Dr M. Kalyana Sundram said it wa...
CPO Futures Finish Higher
CRUDE palm oil futures on Bursa Malaysia Derivatives closed higher yesterday supported by a weaker ringgit, dealers said. November rose RM2 to RM3,339 per tonne, December gained RM26 to RM3,375 per tonne, January 2011 added RM17 to RM3,370 per tonne and February 2011 increased RM24 to RM3,375 per to...
CPO Futures On Bursa Likely To Consolidate This Week
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives is likely to consolidate this week after having beached a two-year high last week, dealers said. The benchmark third-month CPO contract, Jan 2011 surged RM83 to RM3,273 per tonne on Monday, a level last seen on July 18, 2008. CPO prices rema...
