News
Palm Lower on Lack of Fresh Leads
CRUDE palm oil futures on the Malaysia Derivatives Exchange closed mostly lower yesterday on lack of fresh leads, dealers said. Most investors remained sidelined, awaiting the release of May’s palm oil exports figures, before taking up fresh positions. Cargo surveyors, Intertek Testing Service...
Palm Oil Futures Rally Above 3-Month Low
PALM oil futures rallied from the lowest level in more than three months yesterday as crude oil gained before a US Energy Department report forecast to show refinery operating rates increased and gasoline inventories fell. August-delivery palm oil rose 0.8 per cent to RM2,445 a metric ton on the Mal...
Environmental Concerns, Latest Trends Top Agenda
THE sustainability efforts of the palm oil industry have stirred so much public interest globally that it is important for industry stakeholders to keep abreast of latest developments and technologies. The second International Palm Oil Sustainability Conference 2010 (IPOSC 2010) to be held in Kota K...
Palm Futures Lowest in Nearly 4-Month
JAKARTA: Malaysian palm oil futures fell to their lowest close in four months yesterday, as a drop in the crude oil price dragged down other vegetable oil markets as well, traders said. US crude oil rebounded to above US$70 a barrel yesterday, after hitting its lowest in more than three months, exte...
Malaysia May 1-15 Palm Exports Up 24 Percent : SGS
Malaysia’s palm oil exports rose 23.6 per cent in the first 15 days of May compared with the previous month, estimated Societe Generale de Surveillance, an independent cargo surveyor. A total of 620,517 metric tons of palm oil were tracked May 1-15, SGS said in an e-mailed report today. Malaysia exp...
CPO Futures Market in Consolidation Mode
OBSERVATIONS: Depressed by the prospect of lower foreign demand for palm oil, due to the narrowing of the palm oil-soyabean oil discount, the Kuala Lumpur CPO futures market hit the skids last week. Its slide down the price chart was lubricated by crude oil’s meltdown to five-month lows under US$72 ...
