News
Palm Rises on Supply Worries from Floods
Malaysian crude palm oil futures rose more than four per cent in early today’s trade, driven by supply worries due to floods in some palm oil grower states and China. Palm futures on the Bursa Malaysia Derivatives Exchange were up 4.8 per cent to RM3,346 (US$1,084) a tonne. The Malaysian palm oil ma...
Mistry : Edible Oil Prices to Climb
Palm oil may gain to RM3,300 a tonne in the next few weeks and extend gains in 2011, says Godrej International director Dorab Mistry. SINGAPORE: Edible oil prices may climb as growth in worldwide supply fails to keep pace with the rise in demand for a third year, with weather patterns hurting crops,...
CPO Futures End Sharply Lower
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Tight Supply Seen Boosting CPO Futures
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are expected to be firmer next week on expectations of better overseas demand amid tight supply. An analyst said the average monthly production of 1.3 million metric tonnes was seven per cent below last year’s average monthly pr...
CPO Futures Retreat as Investors Take Profits
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended lower yesterday as investors continued to take profits from the recent run-up, dealers said. At the close, the November 2010 dropped RM18 to RM3,070 a tonne while December 2010 lost RM12 to RM3,081. January 2011 fell RM3 to RM3,...
Renewable Energy Roadmap : Focus on Sabah
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