News
Higher Production May Dampen CPO Prices
Factors that may curb the uptrend of crude palm oil (CPO) price in the near term could be the release of higher-than-expected October production numbers, improved soya bean planting in South America due to better weather conditions, a stronger US dollar or if China revalues its currency, said planta...
Malaysian Palm Oil Products Not Affected By EU RED
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. While he und...
Demand For Carbon Credits Will Continue
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 Khandar said cou...
CPO Futures Likely To Stay Above RM3,000
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives is expected to remain firmer next week, dealers said. The dealers also said the commodity futures would likely remain above RM3,000. CPO prices inched above RM3,000 per tonne this week following a strong, emerging market demand. A dealer sai...
Palm Futures Firmer On Bullish Sentiment
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher yesterday on bullish sentiment over continued demand from China, dealer said. A dealer said the market continued to trade on a positive note, crossing RM3,000 per tonne yesterday, in line with other commodities like soyaoil. Th...
Palm Oil Surges Past RM3,000
Speculation supply may lag demand from China, India drives commodity price to 27-month high SINGAPORE: Palm oil gained to more than RM3,000 a tonne for the first time since July 31, 2008, on speculation that supplies may lag behind surging demand from China and India. The January-delivery contract r...
