News
Ex-MPOB Chairman Appointed Felda MD
Malaysian Palm Oil Board (MPOB) former chairman Datuk Sabri Ahmad has been appointed Felda Holdings Bhd Group Managing Director effective today. He succeeds Datuk Mohd Bakke Salleh who resigned following his appointment as Sime Darby Bhd president and chief executive. Felda Chairman Tan Sri Dr Yusof...
‘Malaysia July 1-15 Palm Exports Up 11.3pc’
Malaysia’s palm oil exports rose 11.3 per cent in the first 15 days of July, independent market surveyor Intertek said. A total of 668,573 tons of the commodity were tracked on July 1 to 15, versus 600,921 tons in the same period in June, Intertek said an e-email statement in Kuala Lumpur today. ...
CPO Futures Steadier On Low Stock Expectation
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended higher yesterday on low stock expectation and gains in the crude oil price, dealers said. The crude oil price was hovering at a two-week high of US$77 (US$1.00 = RM3.26) per barrel. At close, the July 2010 contract closed RM11 h...
Bumper Soybean Reap May Cap CPO Rebound
Enough supply to meet high demand during Muslim festive seasonPETALING JAYA: A bumper soybean harvest in South America may limit a recent rebound in crude palm oil (CPO) prices. Analysts projected that there will be enough supply in the edible oil market to meet the anticipated increase in demand fr...
Palm Futures Up On Signs Of Growing Demand
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives trimmed earlier losses to end higher yesterday after crude oil advanced in New York amid signs of rising demand, dealers said. The crude oil price was hovering at US$75 (US$1.00 = RM3.26) per barrel, up from US$74 per barrel on Monday...
India’s Palm, Soybean Oil Imports To Rise
India, the world’s second-biggest vegetable oil consumer after China, may boost imports of palm and soybean oils to meet rising demand during festivals amid a drop in domestic inventories. Purchases in the three months ending Oct. 31 may jump as much as 24 percent to 2.6 million metric tons from a y...
