News
Palm Oil Exports Hit RM19 Billion in January – April
Palm oil exports rose 21 per cent to RM19 billion in the first four months of this year against exports of RM15 billion registered in the corresponding period last year, said Plantation Industries and Commodities Deputy Minister Datuk Hamzah Zainudin. He said realising its importance as a leading re...
Process to Double Palm Oil Output
OIL PALM ramets produced through the tissue culture process by TSH Biotech Sdn Bhd can double palm oil production from five metric tonnes per hectare currently to 10 metric tonnes as targeted by the government. Deputy Plantation Industries and Commodities Minister Datuk Hamzah Zainuddin said TSH Bio...
Steadier Demand Lifts Palm Futures Prices
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday on steadier demand, dealers said. They said higher crude oil and soyoil prices had encouraged buying interest in the CPO futures market. At close, July 2010 rose RM13 to RM2,464 per tonne, August 2010 increased...
CPO Futures — Bearish Sentiments Prevail
OBSERVATIONS: The Kuala Lumpur CPO futures market, following US soyabean oil futures lead, fell through the former RM2,380 technical support level last week, if only slightly. But the signs point to more downside room ahead for this market even as it looks like it’s trying hard to form a base....
Palm Futures to be Rangebound
Crude palm oil futures on Bursa Malaysia Derivatives are likely to be rangebound next week due to uncertainties in the global market, dealers said. Prices will also move in tandem with that of soya bean oil which is competing for the same export market. On a Friday-to-Friday basis, July 2010 slipped...
CPO Futures Down on Profit Taking
PRICES on the crude palm oil (CPO) futures market ended lower on profit-taking activities ahead of the weekend, dealers said. OSK Research, in its research note, said that near-term outlook for the commodity remained bearish. July 2010 eased RM6 to RM2,451 per tonne, August 2010 declined RM4 to RM2,...
