News
NGOs Exposed – No Moral Case Against Palm Oil
You will be shocked to see how ridiculous a campaign that the WENGOs are prepared to pursue when given some money by the EU environmental ministries. Click here to download the full presentation that shows oil palm occupies a very small share of world grain and oil seed planted area. The WENGOs want...
Palm Futures Continue 3-Day Rally
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives continued a three-day rally to close higher yesterday, supported by gains across the commodity markets, dealers said. The benchmark third-month contract increased RM30 to close at RM3,393 per tonne. A dealer said the market sentiment ...
Palm Futures Touch Fresh 2-Years High
MALAYSIAN crude palm oil futures rose nearly 3 per cent to touch a fresh two-year high yesterday, supported by gains across the commodity markets. “Palm oil investors covered their short positions during the last hour before closing as most of the commodities rallied on the back of a weaker dollar,”...
Palm Oil Near 27-Month High
Palm oil climbed for a third day to near a 27-month high on speculation that the increase in output in Malaysia may lag behind consumption, and record Chinese demand for soybeans is keeping prices of the rival oil high. The January-delivery contract added as much as 1.7 per cent to RM3,330 (US$1,077...
Rise in October CPO Output Seen
But analysts expect no big jump due to weather PETALING JAYA: Malaysia’s October crude palm oil (CPO) production will see an increase despite the bad weather that has inundated the northern peninsula states in recent weeks. However, according to analysts, the increase in production would not be as s...
Palm Futures at Over 2-Year High on Tight Supply
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives rose to over a two-year high yesterday amid a shortage of supply stoked by floods and rising soyoil prices in China. The benchmark third-month CPO contract, January 2011 surged by RM83 to RM3,273 per tonne, a level unseen since July 1...
