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Palm oil prices jump 2% on signs of demand revival, bullish rivals
KUALA LUMPUR: Malaysian palm oil futures rallied 2 per cent on Monday, tracking gains in crude and soybean oil, while signs of growing demand as more countries ease coronavirus restrictions helped boost sentiment. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives ...
Palm oil up nearly 3pc as Indonesia keeps biodiesel program alive
The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed up 61 ringgit, or 2.92%, at 2,150 ringgit ($492.44) per tonne, the highest since April 21. Indonesia, the world’s biggest palm producer, is set to distribute $2.78 trillion rupiah ($187 millio...
Palm oil to trend higher next week
KUALA LUMPUR (Bernama) — The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives would likely trend higher next week on expectations of higher demand from India and China, as Malaysia has lowered its export duty on palm oil to zero per cent for June, the Malaysian Palm Oil Boar...
Malaysia cuts crude palm oil export duty for June to zero
KUALA LUMPUR: Malaysia has lowered its export duty on crude palm oil to 0% for June from 4.5% in May, the Malaysian Palm Oil Board said on Friday, citing the national customs department. The world’s second-largest producer and exporter of palm oil calculated a reference price of 2,122.77 ...
MPOB: Technology is way forward for palm oil industry
KUALA LUMPUR, May 13 — Oil palm yield and by-products can be enhanced by 23 per cent from 19 per cent through upgrading and improving the technology at the plantation and production level, according to the Malaysian Palm Oil Board (MPOB). MPOB director-general Ahmad Parveez Ghulam Kadir described te...
Malaysia April palm oil stocks jump on production hike, lockdowns
KUALA LUMPUR (May 12): Malaysia’s palm oil inventories jumped to more than 2 million tonnes in April, well above expectations, as production surged to a six-month high and coronavirus lockdowns led to a slump in demand, industry data showed on Tuesday. End-April stockpiles in the world’s...
