News
Raw Deal For Independent Palm Oil Millers
Producing quality crude palm oil (CPO) has given Malaysia the edge as the world’s largest exporter of palm oil products. Even though Malaysia comes in second after Indonesia, which is now the world’s leading producer of the commodity, quality has always been the determining factor in terms of export...
CPO Futures Dip On Weak Export Data
Crude palm oil futures prices on Bursa Malaysia Derivatives fell slightly yesterday in reaction to weaker export data released yesterday, dealers said. Cargo surveyor Intertek Testing Services estimated a drop by 4 per cent in the export of palm oil products for the first 25 days of July at 1,074,32...
Malaysia July 1-25 Palm Exports Fall 4pc: ITS
Exports of Malaysian palm oil products for July 1-25 fell 4 per cent to 1,074,329 tonnes from 1,120,563 tonnes shipped between June 1 to 25, cargo surveyor Intertek Testing Services said on Monday. – Reuters Source: Business Times
Approach Of La Nina To See CPO Prices Rise
Malaysian crude palm oil (CPO) prices are set to rise in the near to medium term as heavy rains are expected to lower production, prevent workers from harvesting and cause the stockpile to dip. The last time La Nina hit Indonesia and Malaysia, the world’s top two palm oil producers, was in 200...
CPO Futures In Overbought Territory, Tipe For A Fall
OBSERVATIONS: The Kuala Lumpur CPO futures market is ripe for a fall. Or, at the very least, a technical pullback. That’s because, after the recent 11.70 per cent sprint up the price chart, from the early July low of RM2,270 a tonne to last week’s high of RM2,535 within a three weeks, th...
CPO Prices Buoyant On Strong Demand
Strong overseas demand for palm oil ahead of the upcoming Ramadan month will keep prices on Bursa Derivatives buoyant, while traders gauge the potential impact of erratic weather pattern on output from local plantations. “I think the market is taking a breather following recent price surge,” said a ...
