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Palm oil heads for weekly gain on supply worry, ringgit fall
KUALA LUMPUR: Palm oil headed for a second week of gains on supply concerns and as a weaker Malaysian currency made it cheaper for overseas buyers.
Oil palm planters’ wishlist for Budget 2021
PETALING JAYA: Planters are seeking a full review of the current palm oil windfall profit tax (WPT) and its export duty under Budget 2021.
CPO futures rally to two-week high of RM2,936
KUALA LUMPUR: Crude palm oil futures advanced to the highest level in more than two weeks, buoyed by a recovery in demand from top buyers India and China, which may reduce global stockpiles.
Festival of Lights brightens future of palm oil
KUALA LUMPUR: Palm oil purchases by India, the biggest importer from Malaysia, are likely to climb in October from a three-month low as Deepavali, the Hindu festival of lights, drives up demand for the world’s most-consumed vegetable oil.
SPPOMA data, strong soybean price boon for CPO
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher yesterday, driven by lower September output from the Southern Peninsula Palm Oil Millers’ Association (SPPOMA).
CPO futures likely to trade higher next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade higher next week on expectation of higher equity and commodity prices supported by the US stimulus package bill worth about US$2 trillion.
Indonesia’s palm oil exports up
JAKARTA: Indonesia’s palm oil exports increased in July on higher shipments to China and the Middle East, according to the Indonesian Palm Oil Association.
CPO to extend gains on higher demand
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to continue a positive momentum next week driven by expectations of higher demand.
CPO futures likely to continue positive momentum next week
KUALA LUMPUR, Sept 19 (Bernama): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to continue a positive momentum next week driven by expectations of higher demand.
