News
‘Palm Oil To See Rangebound Trade’
Palm oil prices are expected to trade rangebound in the second half of 2010, says Malaysian Palm Oil Board (MPOB) chairman Datuk Seri Utama Shahrir Abdul Samad. “We expect prices to trade between RM2,200 and RM2,500 a tonne,” he told a media briefing in Kuala Lumpur yesterday. With uncer...
June Palm Oil Stockpile Down On Higher Exports
Malaysia’s palm oil stockpiles fell by 7.1% in June compared with May as exports gained. According to the latest monthly statistics released by the Malaysian Palm Oil Board (MPOB) yesterday, inventories fell 110,889 tonnes to 1.45 million tonnes in June from a revised 1.56 million tonnes in May. Sto...
MPOB’s Efforts To Commercialise Technology Pay Off
The Malaysian Palm Oil Board (MPOB) has created a market value of RM2.04 billion through commercialisation of its technologies for the palm oil industry over the past 10 years. Its chairman Datuk Seri Utama Shahrir Abdul Samad said the agency received the research funding from part of the RM1.5 bill...
CPO Futures End Steadier As Exports Rise
Crude palm oil futures prices on Bursa Malaysia Derivatives ended firmer yesterday as palm oil stocks took a nosedive to a 10-month low in June 2010 while exports rose, dealers said. According to the Malaysian Palm Oil Board, June stocks fell by 7.1 per cent to 1.45 million tonnes from the previous ...
CPO Futures Market Set to Play ‘Catch-Up’
OBSERVATIONS: The Kuala Lumpur CPO futures market has in the recent past acquired the habit of playing follow-the-leader. Major world stock and commodity markets were the leaders, sometimes playinjg their roles in rotation. It was no different last week. The local market went on a roller-coaster rid...
Malaysia Palm Exports Up 9 Percent in July 1-10
Malaysia’s palm oil exports rose 9 per cent in the first 10 days of July, independent market surveyor Intertek said. A total of 474,928 tons of the commodity were tracked on July 1 to 10, versus 435,148 tons in the same period in June, Intertek said an e-email statement in Kuala Lumpur today. —...
