News
CPO Futures Still on Southerly Course
OBSERVATIONS: The bear trap was sprung last week. The Kuala Lumpur CPO futures market dived towards the initial target of RM2,400 a tonne in early trade last week, hitting a low of RM2,406 which is as good as having hit the RM2,400 target. Then, for no good reason, the benchmark August 2010 contract...
KL, Jakarta Fight EU Directive on Palm Oil
THE move by Indonesia and Malaysia, the top two palm oil producers, to take up the industry trade dispute against the European Union (EU) will clear the name of the commodity, says Malaysian Palm Oil Council (MPOC) chief executive officer Tan Sri Yusof Basiron. There are currently too many exaggerat...
EU Envoy : Malaysian CPO Exports Not Affected
THE sustainability criteria in the European Union (EU) Renewable Energy Directive (RED), due to come into force on December 5, will not affect Malaysia’s palm oil exports to the region. EU ambassador and head of delegation to Malaysia Vincent Piket said there will be no change for crude palm o...
CPO Futures Set to Continue Uptrend
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are likely to be higher next week on follow-through buying, dealers said. “The market is likely to continue its uptrend trading due to strong fundamentals,” said Okachi Malaysia’s trading representative Tan Tzer Wei....
CPO Futures Rise as Investors Cover Short Positions
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended higher with investors covering short positions after Wednesday’s losses, said a dealer. Yesterday, CPO price broke the RM2,450 resistance level and the level will go up to RM2,500 level today, he added. “While we exp...
Greenmail
Over the past few months, the political left in Holland has been waging a though and well organized campaign against palm oil. What’s palm oil, you may ask? Well, palm oil is a basic ingredient for a whole range of industrial goods, from soap and washing power to margarine and cooking oil. Pal...
