News
MPOB Lowers CPO Output Forecast
The Malaysian Palm Oil Board (MPOB) has lowered its crude palm oil (CPO) output forecast for this year to 17.6 million tonnes from an earlier forecast of 18.1 million tonnes, as the industry experiences lower oil extraction rates. “Heavier-than-usual rains have disrupted harvesting and lowered...
CPO Futures Higher on Growing Global Demand
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday on back of rising global demand, dealers said. At the close, the October 2010 contract was up RM20 at RM2,765 a tonne, November 2010 rose RM71 to RM2,800 , December 2010 was up RM56 to RM2,786 a tonne and Janua...
