News
CPO futures to trade in range-bound mode next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see muted trading next week at between RM3,450 and RM3,750 per tonne, said a dealer. Palm oil trader David Ng said it might be slightly negative bias pending the expectation of sluggish export perfor...
Palm oil gains most in eight months
KUALA LUMPUR: Palm oil futures posted their biggest advance in more than eight months on expectations for a revival in exports amid tight supplies of the world’s most-consumed cooking oil. Prices surged 4.6% to close at RM3,720 a tonne, after falling on Thursday. Palm, used in everything from chocol...
Strong palm oil exports push CPO futures higher at close
KUALA LUMPUR (Feb 10): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today on the back of stronger exports, a trader said. According to cargo surveyor Intertek Testing Services’ data for Feb 1-10, exports of Malaysian palm oil products rose 53.94% to 400,375 t...
Minister: Palm oil industry plays key role to fight Covid-19 pandemic
KUALA LUMPUR, Feb 10 — Hygiene products produced using palm oil meant the industry was an unsung hero in the fight against Covid-19, said Datuk Mohd Khairuddin Aman Razali. The plantation industries and commodities minister also said the industry was a crucial element in helping the Malaysian econom...
Malaysia, Indonesia to formulate best strategic framework to protect oil palm industry
PUTRAJAYA, Feb 6 (Bernama): Malaysia will discuss with Indonesia to formulate the best strategy to protect the oil palm industry of both countries in the near future, said Minister of Plantation Industries and Commodities Datuk Dr Mohd Khairuddin Aman Razali. He said this was in line with Prime Mini...
Sabah wants to be global leader in sustainable palm oil production
KOTA KINABALU: Sabah has set up an initiative to ensure the palm oil sector remains the state’s key economic driver while also working towards conservation and sustainability. The initiative will be implemented through the Jurisdictional Certification of Sustainable Palm Oil (JCSPO) and Malays...
