News
Jury Still Out On Whether CPO Futures Rally Has Legs
OBSERVATIONS: The Kuala Lumpur CPO futures market surged to a six-week high last week, lifted by a mad rush to cover short (sell) positions. The third-month forward benchmark October 2010 futures contract touched a high of RM2,461 a tonne before settling last Friday at RM2,449, up a whopping RM149 o...
Demand for Palm Futures Seen Spiking
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives may trade higher next week as demand for the commodity is expected to spike ahead of Ramadan, dealers said. They said demand for cooking oil would increase during the fasting month, which would start in the second week of August. A de...
Study: CO2 Emission Lower From Peatland
The carbon dioxide (CO2) emission from oil palm plantations on tropical peatland is lower than that of the forest, a study has shown. Dr Lulie Melling, director of the Tropical Peat Research Laboratory Unit in Sarawak Chief Minister’s Department, said preliminary findings also revealed that the CO2 ...
CPO Futures Up On Bullish Outlook
Crude palm oil futures on Bursa Malaysia Derivatives ended higher yesterday on expectation that demand will increase during the fasting month in August, a dealer said. The market was also supported by the rally in soyabean oil prices, he said. August 2010 rose RM34 to RM2,493 per tonne, September ad...
CPO Futures End Broadly Higher
Crude palm oil futures on Bursa Malaysia Derivatives closed higher yesterday ahead of the fasting month in August, said dealers. The market also took the cue from the increase in soyabean prices. July 2010 rose RM5 to RM2,465 a tonne, August added RM36 to RM2,459. September gained RM58 to RM2,439 a ...
Sabri is Felda Hlg MD
Datuk Sabri Ahmad is also now group president of Felda Global Ventures Holdings, the inter-national and domestic business arm of state-owned Felda The Federal Land Development Authority (Felda) has appointed Datuk Sabri Ahmad as Felda Global Ventures Holdings Sdn Bhd’s group president and chie...
