News
CPO Futures Higher
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended mostly higher yesterday on expectations of higher exports for September, said dealers. They said China and India, among the biggest buyers of Malaysian palm oil, are expected to build up their stocks prior to the holiday season ...
Palm Futures Close at 15-Month High
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed at a 15-month high yesterday, spurred by strong biofuel demand and gains in soyoil prices, dealers said. They said a weakening US dollar as well as favourable export data had also helped to drive CPO prices higher. Cargo survey...
Malaysia August 1-15 Palm Exports Up 15 Percent
Exports of Malaysian palm oil products for September 1-25 rose 15 per cent to 1,080,597 tonnes from 939,456 tonnes shipped from August 1-25, cargo surveyor Societe Generale de Surveillance said today. — Reuters Source : Business Times
Leveraging on Palm Oil Innovation
The field is now wide open for Malaysia’s palm oil mills to step up the value-chain in providing millions of tonnes of palm oil and oil-palm biomass for value-added downstream activities. AT THE opening of Sabah’s first palm-pressed fibre oil exraction plant in the once-thriving timber t...
Palm Oil Prices May Fall as Output Rebounds
MUMBAI: Palm oil may tumble as much as 7.4 per cent by the end of October as Malaysian production rebounds and Indonesian growers speed up shipments because of an export tax, according to Godrej International Ltd. Futures may decline by RM150 to RM200 a tonne, Dorab Mistry, a director at Godrej, tol...
Rising China Demand to Boost CPO Futures
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are likely to see steady trading next week, dealers said. They said expectation of rising demand from China and India would spur buying interest in CPO futures. “Firmer soyoil prices will also push CPO prices higher as both commodities...
