News
Malaysia July 1-20 Palm Exports Fall 3pc: ITS
Malaysia’s palm oil exports fell 3 per cent in the first 20 days of July, independent market surveyor Intertek Testing Services said. A total of 879,018 tons of the commodity were tracked on July 1 to 20, versus 906,321 tons in the same period in June, Intertek said an e-email statement in Kuala Lum...
CPO Prices May Trend Lower On More Fruits
Palm oil prices are expected to trend lower in the coming months as oil palm trees are set to produce more fruits in the second half of the year. Rabobank International’s Asia regional head of food and agribusiness research and industry, John Baker, said at current crude oil price of US$75 (RM...
IOI: La Nina To Have Impact On Palm Oil Output
IOI Corp (1961), Malaysia’s No. 2 planter, expects the brewing La Nina weather event to have a major impact on palm oil production in Southeast Asia as heavier rainfall may hamper harvesting. La Nina often follows after drier weather brought by an El Nino anomaly that emerged last year and can...
CPO Futures Up On Speculative Buying
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher yesterday because of speculative buying on fear of Europe slipping into a double-dip recession, dealers said. Interband Group Sdn Bhd senior palm oil trader, Jim Teh, said that although the prices has moved up the last few days,...
Palm Could Surge On La Nina: IOI Corp
IOI Corp, Malaysia’s No. 2 planter, expects the brewing La Nina weather event to have a major impact on palm oil production in Southeast Asia as heavier rainfall may hamper harvesting. La Nina often follows after drier weather brought by an El Nino anomaly that emerged last year and can induce heavi...
Palm Drops For First Time In 8 Days
Palm oil futures fell for the first time in eight days. October-delivery futures dropped as much as 0.7 per cent to RM2,433 a metric ton on the Malaysia Derivatives Exchange. The most-active contract traded at RM2,436 at 10.38 am in Kuala Lumpur. – Bloomberg Source: Business Times
