Our Eyes Into The Future
Palm oil futures posted the biggest gain in 10 days after a surge in soybean oil prices widened the gap between the world’s two most consumed edible oils.
Soybean oil was 30 per cent more expensive than its rival yesterday, according to Bloomberg data, after the vegetable oil closed up 5.6 per cent on the [...]
PETALING JAYA: Malaysia’s July palm oil exports advanced 14% compared to June on higher demand especially from China where economic growth is supporting consumption.
According to Intertek, 1.40 million tonnes of palm oil were tracked in July compared to 1.23 million tonnes in June.Meanwhile, crude palm oil (CPO) third-month futures traded on the Malaysia Derivative Exchange [...]
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended firmer yesterday, tracking the overnight rally on US soybean prices, dealers said.
However, the overall volume was thin as most investors stayed away from the market ahead of the July exports data scheduled for release today, they said.
“The CPO gains were mainly due to the rise [...]
Malaysia’s IJM Plantations will finish its buying spree of oil palm estates in Indonesia by end-2009 and start planting immediately after to tap growing demand for the vegetable oil, a company official said.
Chief executive Velayuthan Tan said the company had so far met nearly 70 per cent of its 40,000 hectares acquisition target on [...]
CRUDE palm oil futures (CPO) fell 1.3 per cent yesterday after hitting a one-week intraday high on profit taking as falling stock markets and crude oil prices dampened sentiment, traders said.
“I guess almost all bullish factors are factored in and falling crude oil and equities to a certain degree encouraged funds to cash out,” a [...]