News
CPO Futures Lightly Lower on Mild Profit Taking
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended slightly lower yesterday on mild profit-taking, dealers said. The CPO futures started the day in positive territory backed by higher soya oil prices, they said. At the close, the October 2010 contract dropped RM8 to RM2,727 a to...
Local NGO Colludes with Foreigners to Attack Malaysian Palm Oil Industry
Recently, a local NGO smuggled a foreign journalist from Denmark into a well managed plantation in Perak where they coached selected plantation workers to say things that were then sensationalised by the media. Apparently , the visit and interview which were conducted without the permission of the p...
Palm Futures End Marginally Higher
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed slightly higher yesterday in line with small gains in soya oil prices, dealers said. They said some players were reluctant to take heavy position as they were awaiting the palm oil export data for September 1 to 25, scheduled t...
Premium Renewable to Build RM124 Million Plant
PREMIUM Renewable Energy (Malaysia) Sdn Bhd will spend US$40 million (RM124 million) to build a rapid thermal process (RTP) bio-oil plant near Lahad Datu, Sabah in 2011. Dubbed as first of its kind in Malaysia, the plant will use oil palm biomass as feedstock in partnership with one of the country&#...
CPO Futures End Lower on Profit Taking
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday on profit-taking, said dealers. Weaker other vegetable oil prices also encouraged players to trim their position, they said. At the close, October 2010 fell RM37 to RM2,735 a tonne, November 2010 declined RM41 t...
CPO Prices Hit Six-Week High
This is the third time this year palm oil futures pierced through the RM2,700 per tonne level. Johor-based Kim Loong Bhd managing director Gooi Seong Heen said: “The run-up in prices is most probably fuelled by fear of erratic weather causing supply shortage in soyaoil. “This month, we h...
