News
Rangebound Trading Seen for CPO Futures
Crude Palm Oil (CPO) futures on Bursa Malaysia Derivatives are expected to remain rangebound next week due to the mixed sentiment in the market, dealers said. Some traders anticipate prices to receive a boost from lower output in Malaysia and Indonesia as workers take a long break to celebrate the H...
Stronger Results From Most Plantation Firms
Higher average selling prices and sales volume boost performances Listed plantation companies which released their quarterly results yesterday generally posted stronger performances buoyed by higher average selling prices of crude palm oil (CPO) and palm kernel (PK) as well as higher sales volume. G...
Indonesian Association Says RSPO Certification Too Costly
Only 10.5% members of the Indonesian Palm Oil Producers Association (Gapki) have the Roundtable on Sustainable Palm Oil (RSPO) status due to the high cost for certification and low premiums for sustainable crude palm oil (CPO). “On paper, it’s been said one can get a premium of US$50 per tonne for R...
Palm Oil Exports Lower In August 1 to 25 Period
Cargo surveyor Intertek said Wednesday that the country’s palm oil exports dropped 7.6% to 992,319 tonnes in the August 1 to 25 period compared to the same period in July. Meanwhile, SGS said Malaysia’s palm oil exports fell 14.9% to 939,456 tonnes in the same period compared to the July period. Pla...
Strong EU Craving for Palm Oil
THE European Union (EU) has always been a major importer of palm oil. Even before Malaysia hit the big time in the palm oil business, the EU had already been importing substantial quantities from Western African countries, the home of the oil palm. Those days, much of the EU’s palm oil purchas...
Demand for CPO Likely to Subside
Crude palm oil futures on Bursa Malaysia Derivatives is likely to be lower next week due to rising concerns that the stronger ringgit may make local exports less competitive, dealers said. Demand for CPO was also expected to subside as many countries especially in the Middle East have stocked up the...
