News
Palm Ends Lower on Lack of Sustained Buying
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday on lack of strong buying, dealers said. They said weaker crude and soyoil prices dampened buying sentiment on the CPO futures market. “Players are reluctant to take heavy position amid uncertainties in the...
Palm Futures Moving Sideways to Downward
MALAYSIAN crude palm oil futures fell more than 1 per cent yesterday, tracking volatile crude oil and equity markets, on signs China’s economic growth was slowing. Investors gave stocks and commodities a wide berth yesterday on mounting worries about the strength of the global economic recovery afte...
Palm Futures Advance on Late Buying
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday on late buying, dealers said. They said the market started the day on weak note as players were worried about uncertainties in the global market following the renewed euro debt crisis. However, recovery in soyo...
World Bank’s Palm Oil Policy Slammed
US-BASED public policy research institute, the Heritage Foundation, has chided the World Bank for its plans to revise its strategy for future development assistance in the palm oil sector. The International Finance Corp (IFC), under the World Bank group, suspended approval of new palm oil developmen...
Palm Oil Records Biggest Drop in 8-Days
PALM oil posted the biggest drop in eight days yesterday as crude oil slumped and soybeans declined, reducing demand for the tropical commodity used in food and biofuels. The September-delivery contract fell as much as 1.5 per cent to RM2,363 a metric ton on the Malaysia Derivatives Exchange. Palm o...
Collaboration in Palm Oil R&D Needed
The Malaysian Palm Oil Board (MPOB) has been urged to actively seek more collaboration with the private sector in ensuring the success of its research programmes as well as more effective commercialisation of promising research findings. On that note, the Minister of Plantation Industries and Commod...
