News
Palm Futures Mostly Lower as Investors Take Profit
CRUDE palm oil futures prices on Bursa Malaysia Derivatives were mostly lower at the close yesterday as market players continued to take profit on the back of the stronger ringgit, dealers said. The move by Bank Negara Malaysia to liberalise the ringgit further drove it to a 28-month high. At close,...
Palm Futures End Slightly Lower
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended sharply lower yesterday on concerns over supply for the upcoming festive season, dealers said. According to ECMLibra Investment Research, several factors will influence the movement of commodity prices, including the La Nina sea...
Forest Moratorium to Stymie Palm Oil Firms
JAKARTA: Indonesia’s plans to halt forest clearing will slow the aggressive expansion of plantation firms in the world’s top palm oil producer, leading to higher costs as firms will need acquisitions or improved yields to boost growth. The two-year moratorium on new permits to clear natu...
Palm Futures Decline Due to Lack of Fresh Leads
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday due to lack of fresh leads and a decline in other commodity markets, dealers said. They said most of the commodity markets, including oil, rubber and industrial metals, fell in volatile trade as sentiment dampen...
FELDA is World’s First RSPO-Certified Smallholder
FELDA has become the world’s first smallholder body to be certified as being sustainable or environment-friendly, allowing easier access for its products in Western markets. So far, the Federal Land Development Authority (Felda) has received the Roundtable of Sustainable Palm Oil (RSPO) certif...
CPO Futures Rebound, Spurred by Steadier Soyabean
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives rebounded to end higher yesterday, with sentiment spurred by firmer soyabean prices, dealers said. Both August 2010 and September 2010 rose RM26 each to settle at RM2,816 and RM2,731 a tonne, respectively. October 2010 gained RM7 to R...
