NEWS FEED
  • 18 December, 2014
    CPO prices marginally higher
    KUALA LUMPUR: Malaysian palm oil futures fell for a third day on Tuesday and slide to their weakest in nearly two weeks, as crude deepened its sharp drop and volatility in emerging Asian markets turned investors wary. Brent crude fell as low as $59.02, its weakest level since May 2009, while U.S. crude was down $1.60 at $54.31 a barrel, extending a 6-month selloff as slowing Chinese factory activity and weakening emerging-market currencies added to concerns about demand.
  • 17 December, 2014
    Malaysian palm oil slides for 3rd-straight day on crude oil slide
    KUALA LUMPUR: Malaysian palm oil futures fell for a third day on Tuesday and slide to their weakest in nearly two weeks, as crude deepened its sharp drop and volatility in emerging Asian markets turned investors wary. Brent crude fell as low as $59.02, its weakest level since May 2009, while U.S. crude was down $1.60 at $54.31 a barrel, extending a 6-month selloff as slowing Chinese factory activity and weakening emerging-market currencies added to concerns about demand.
  • 17 December, 2014
    CPO Prices Fall on Weak Demand
    KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended lower yesterday following subdued demand and in anticipation of higher production for next year. Phillip Futures Sdn Bhd derivatives product specialist David Ng said the weakening crude oil prices pressured the market.
  • 17 December, 2014
    Palm Oil Road Show 2014, Johor Bahru
    Malaysian Palm Oil Council will be organising the Palm Oil Mobile Road Show at KSL City Mall, Johor Bahru from 26-28 December 2014. This is aimed at increasing consumer awareness about palm oil. It presents a great opportunity to learn more about palm oil, its uses and benefits. Come visit us and enjoy the wholesomeness of palm oil!
  • 16 December, 2014
    CPO Prices End Lower
    KUALA LUMPUR: Crude palm oil (CPO) futures prices ended lower yesterday on the back of negative sentiment in the crude oil market, said a dealer. Phillip Futures derivatives product specialist David Ng said the weaker ringgit and better export estimates from cargo surveyors have mitigated the downside risk.
  • 15 December, 2014
    CPO Prices Weaken
    KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday amid weakening crude oil and soya oil prices, a dealer said. Phillip Futures Sdn Bhd derivatives product specialist David Ng said the lower soya oil price will put additional pressure on CPO prices as the spread narrows.
  • 15 December, 2014
    Crude Palm Oil Weekly Report – December 13, 2014
    Malaysian palm oil futures edged lower on Friday to 2,171, due to weakening crude oil prices. Futures Crude Palm Oil (FCPO) benchmark for February 2015 contract settled at 2,171, down two points or 0.09 per cent from 2,173 last Friday. Trading volume decreased to 186,242 contracts from 207,493 contracts from last Monday to Thursday. Open interest based on decreased to 768,805 contracts from 801,672 contracts from last Monday to Thursday.
  • 12 December, 2014
    Palm Oil Futures Prices Close Higher
    KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended higher yesterday in anticipation of lower production, a dealer said. Phillip Futures Sdn Bhd derivatives product specialist David Ng said in addition to lower production, exports of palm oil were expected to improve in the coming weeks due to stronger demand from buyers.
  • 10 December, 2014
    'No Palm Oil' Label On Food Products Discriminatory, Baseless - Uggah
    KUALA LUMPUR, Dec 9 (Bernama) - The 'No Palm Oil' campaign labels on a range of food products in France and Belgium are discriminatory, unfair and baseless, says Plantation Industries and Commodities Minister Datuk Douglas Uggah Embas. Speaking at the European Palm Oil Conference (EPOC) 2014 in Brussels, Belgium today, Uggah said the government should end the labelling as it portrayed palm oil negatively. "We face competitors who at times resort to numerous measures simply to defend their own local oilseed products.
  • 10 December, 2014
    CPO Prices Close Lower
    KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended lower yesterday on subdued demand for the commodity amid persistent weakness in the crude oil market. Phillip Futures Sdn Bhd derivatives product specialist David Ng said the local market was quiet due to players being on the sidelines, awaiting key CPO data for November due today. “We locate the support level at RM2,100 a tonne and immediate resistance at RM2,200 a tonne,” he said.