News
Biocatalysis Touted Way to Better Palm Oil
BIOCATALYSIS is the way forward to better quality palm oil,” says an expert in the field. Malaysia Genome Institute Structural and Synthetic Biology Research Centre director, Professor Dr Mohd Basyaruddin Abdul Rahman, said the methodology under controlled conditions could yield more palm oil ...
Planters Seek Review of Tax, Cess and Levy
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CPO Futures Likely to See Slight Uptrend
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are expected to see a slight uptrend next week, dealers said. They said the support level was expected to be at RM3,000 and resistance at RM3,100. CPO prices hovered around RM3,070 per tonne for the week just-ended. On Friday-to-Frida...
Palm Oil Futures Track Soybean Oil to End Lower
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday, taking its cue from external leads in the soybean oil market, dealers said. “Futures yesterday were traded in a tight range with a minimal drop,” said one of the dealers. He said that traders were a...
Palm Futures Hit More Than 2-Year High
MALAYSIAN palm oil futures hit more than a two-year high yesterday on a firmer soy complex driven by lingering weather concerns and the weaker US dollar. The palm oil market, which broke a two-day losing streak, was also supported by the start of the annual monsoon season this month that brings more...
Palm Oil Futures Extend Losses on Stronger Dollar
MALAYSIAN palm oil extended losses yesterday and China’s soyoil market tumbled from two-year highs as a stronger dollar made commodities priced in the currency expensive and unattractive as an inflation hedge. The dollar rose broadly yesterday as speculation the US Federal Reserve would take a gradu...
