News
Sime Ships Its First Certified CPO to Unilever
Sime Darby Bhd, Malaysia’s largest publicly-traded palm oil producer, said it shipped its first so-called segregated certified sustainable palm oil from its facility in Sabah to Rotterdam in Holland on May 29. The shipment of approximately 3,500 tons of palm oil will arrive in about a month, the Kua...
CPO Futures End Lower on Profit Taking
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday on profit-taking and a stronger ringgit, dealers said. They said the stronger ringgit, which was quoted yesterday at 3.26 to the US dollar from 3.29 on Wednesday, encouraged investors to unwind positions. Expect...
Malaysia Sees Higher CPO Exports to China
BEIJING: Malaysia’s palm oil exports to China are expected to increase this year, driven by growing demand and positive signs in the Chinese economy, says Plantation Industries and Commodities Minister, Tan Sri Bernard Dompok. “Everybody is positive on the growth of the Chinese economy. ...
CPO Futures Expected to be Firmer
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Bursa Upbeat on CPO Futures Trade
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CPO Futures Higher Due to Fresh Buying
CRUDE palm oil (CPO) futures on the Malaysia Derivatives Exchange closed higher yesterday backed by fresh buying from traders, dealers said. The futures market was also supported by expectations of raising exports ahead of the festive season soon, a dealer said. At close, June 2010 rose RM2 to settl...
