News
Palm Futures Retreat on Easier Soybean Prices
CRUDE palm oil futures on Bursa Malaysia Derivatives closed easier yesterday taking its cue from the easier soybean oil market, dealers said. Overall, the market is still very firm, and the decrease yesterday was due to a retreat from soybean oil prices, a dealer said. The market is currently influe...
Demand for Carbon Credits Will Continue
KUALA LUMPUR: The demand for certified carbon emissions (CER) or carbon credits will continue to increase among developed nations despite the Kyoto Protocol’s Clean Development Mechanism (CDM) agreement expiring by 2012. CDM consultancy firm Perenia Carbon Malaysia Sdn Bhd senior associate Bhavna Kh...
Malaysian Palm Oil Product Not Affected by EU RED
KUALA LUMPUR: The European Union Renewable Energy Directive (EU RED) and its sustainability criteria will not affect Malaysia’s palm oil exports to the EU market for consumer products like food, cosmetics and detergents, according to ambassador and head of the EU delegation to Malaysia Vincent Piket...
Palm Futures Up on Weaker Dollar, Speculative Buying
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher yesterday amid a weaker US dollar and speculative buying, dealers said. They said the upward trend was in line with the firmer vegetable oil prices. November 2010 contract gained RM63 to close at RM3,075 per tonne, December 201...
Macquarie Ups Palm Oil Price Forecast
Macquarie Capital Securities (Malaysia) Sdn Bhd raised its 2011 forecast for palm oil prices by 8 per cent to an average RM2,851 a metric ton on expected substitution demand. Malaysia’s palm oil exports fell 4.7 per cent in the first 25 days of October, independent market surveyor Intertek said. A t...
CPO Futures On Bursa Malaysia Derivatives To Remain Firmer
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives is expected to remain firmer this week, dealers said. During the week, CPO prices were mostly higher in line with other vegetable oil markets, a weak US dollar and strong export data. On Wednesday, Malaysia’s palm oil export figures released...
