News
Palm Oil Likely to Hit RM3,400 by H2 Next Year
PALM oil prices are heading towards the RM3,400 mark by the second half of next year on the back of a bullish run by vegetable oils in the global market, CIMB Group (1023) trader-cum-technical analyst G.M Teoh expects prices to touch RM3,400 per tonne in the first quarter of 2011, but cautioned that...
CPO Futures End High
CRUDE palm oil futures on Bursa Malaysia Derivatives closed higher yesterday in line with other vegetable oil markets despite the strengthening US dollar putting pressure on the gains, dealers said. November 2010 contract gained RM30 to RM2,920 a tonne, December 2010 went up RM27 to RM2,914, January...
Firm Stand to Boost Palm Oil Productivity
THE RM297mil grant allocated under Budget 2011 to encourage the replanting of old palm trees reflects the strong concern by the Government over the stagnating palm oil yields within the plantation sector over the past two decades. Malaysia currently has some 365,000ha of oil palm land above 25 years...
Call for joint Palm Oil Council with Indonesia
MALAYSIAN and Indonesian palm oil producers must set up a joint council to counter anti-palm oil campaigns by Western non-governmental organisations (NGOs). Former primary industries minister Tun Dr Lim Keng Yaik said something must be done by the industries because most of the time the allegations ...
CPO Futures Retreat, But Still Eyeing RM3,000
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower yesterday. A dealer said the market was still eyeing to hit the RM3,000 level and waiting for cargo surveyors, Intertek Testing Services and Societe General de Surveillance, to announce their export estimates for the October 1-2...
Revitalizing the Palm Oil Sector
KUALA LUMPUR: As an initiative to revitalise the palm oil and related industries, RM297mil will be set up for the enhancement of productivity by encouraging replanting activity to replace aged trees with high quality new clones under the Budget 2011. Besides, a sum of RM127mil is allocated to suppor...
