News
CPO Futures Extended Losses
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives extended its losses yesterday as the credit crisis in Greece and Portugal weighed heavily on commodities. Dealers said the move by investors to seek a safe haven in the US dollar made it more expensive for those using other currencies to buy...
50 SMEs to be Picked for Biomass Project
The Biomass Industries in Malaysia Sustainable Production (Biomass-SP) project will identify 50 local small and medium enterprises (SMEs) to participate in the commercialisation of biomass technology with their counterparts in the European Union (EU) in two years. Biomass-SP chairman Tan Sri Ahmad Z...
CPO Futures End Easier on Profit-Taking
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed easier yesterday on profit-taking after Monday’s gains, dealers said. However, losses were capped by the easing of the ringgit which touched a two-year high on Monday, they said.The drop in the CPO futures was also in line with ...
Palm Futures Advance In Line With Soyaoil, Crude
CRUDE palm oil futures on Bursa Malaysia Derivatives closed higher yesterday in line with the firmer soyaoil and crude oil prices, dealers said. The May 2010 contract rose RM14 to RM2,575 a tonne and June 2010 advanced RM16 to RM2,568 a tonne. Meanwhile, July 2010 advanced RM20 to RM2,560 a tonne an...
Palm Oil is Safe Consumption Says Malaysian Palm Oil Council
MOSCOW: Malaysian Palm Oil Council (MPOC) reiterated that palm oil is safe for consumption as well as the environment despite the negative news on palm oil, chief executive officer Tan Sri Dr Yusof Basiron said. “Claims of negative health effect of palm oil was initiated by soybean producers in the ...
CPO Futures Technically a Bear Market
OBSERVATIONS: The Kuala Lumpur CPO futures market has morphed into a bear. But this bear is not going to make it easy for market players – not even the bearishly-inclined – to make money. Indeed, it looks likely that it will be a volatile bear, and therefore likely higher unpredictable o...
