News
Sarawak Keen to Learn from Sabah Palm Oil Experience
SARAWAK is keen to learn from Sabah’s experience in developing palm oil downstream industries and palm oil industrial clusters (POIC). Its Land Development Minister Dr James Masing said the oil palm plantation sector was expanding rapidly in Sarawak and the state aimed to ensure that it was mo...
CPO Futures in Tandem with Soybean
CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed higher yesterday amid an uptrend in soyabean prices and a weaker US dollar. The October 2010 contract rose RM30 to RM2,745 a tonne, while November 2010 gained RM27 to RM2,729, December 2010 added RM25 to RM2,730 and January 2011 incr...
Palm Oil Expected to Hit RM3,600 in H1 Next Year
Palm oil prices can hit RM3,600 a tonne as soon as in the first half of next year, traders say, which would be their highest since 2008 as demand continues to be robust, while supply is hit by erratic weather. “In the next six to nine months, palm oil prices should trade at around RM3,600 [&he...
Palm Oil Sustainable for 100 Years
PALM oil, Malaysia’s star crop, is sustainable for the next 100 years or more provided the industry acts responsibly. Industry consultant M.R. Chandran said big food companies worldwide such as Nestle, Unilever, Pepsico, Cadbury, Kraft, Wal Mart and others do not produce food. “They mere...
Palm Futures End Higher
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday, with expectations on local palm oil output to maintain its current price level, dealers said. At the close, the October rose RM26 to RM2,715 a tonne, November increased RM50 to RM2,702 a tonne, December was up...
Maybank Invt Lifts CPO Target to RM2,600/Ton
Maybank Investment Bank Bhd raised its 2010/11 forecast for crude palm oil (CPO) prices to RM2,600 per metric ton from RM2,400 on expectations aggregate vegetable oil production could switch from surplus to deficit next year. The research house maintained its “neutral” rating for Malaysian plantatio...
