News
Envoy : Biofuel Exports to EU Will Grow
MALAYSIAN biofuel exports to the European Union (EU) will grow in the coming years, due to the renewable fuel policy which gives incentives to operators that produce sustainably, said the EU ambassador Vincent Piket. “Naturally, such a trend needs to go hand in hand with safeguards for natural...
Bears Assume Total Control Over CPO Futures Market
OBSERVATIONS: It was total capitulation by the bulls last week, leaving the bears in absolute control of Kuala Lumpur CPO futures market – for now and in the foreseeable short- to medium-term future. The benchmark August 2010 contract plummeted to a seven-month low of RM2,379 a tonne as long p...
Higher Palm Oil Export Earnings Expected This Year
MALAYSIAN palm oil exports and earnings are poised to be better this year than last in view of increasing demand for vegetable oil from countries like China, India and Russia. Plantation Industries and Commodities Minister Tan Sri Bernard Dompok said the three countries’ economies were growing...
Palm Oil Earnings To Be Better Than 2009
Malaysia’s palm oil exports and earnings this year will be better than last year’s due to growing demand for vegetable oil from countries like China, India and Russia. Plantation Industries and Commodities Minister, Tan Sri Bernard Dompok, said the three countries’ economies were g...
Palm Futures Lower Despite Higher Oil Prices
THE crude palm oil futures contract market ended lower on Bursa Malaysia Derivatives yesterday despite higher crude oil prices and better export data for May. Lingering concerns over the Eurozone debt crisis kept investors at bay and from taking up fresh positions. Many winded down their contracts i...
Malaysia Palm Oil Stock Hit 8-Month Low
MALAYSIA’S palm oil stocks dropped to an eighth-month low in May as foreign and local demand outpaced a recovery in production, data from an industry regulator showed yesterday. The Malaysian Palm Oil Board said stocks in the world’s No.2 palm oil producer fell 3.71 per cent to 1.56 mill...
