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CPO prices surge on strong Indian demand
THE price of crude palm oil (CPO) traded RM50 to RM58 higher in the morning yesterday #8211; one of the highest gains in single-day trade this year #8211; triggering traders' hopes of a short-term bull run chasing prices to above RM1,500 a tonne.
Lower Q3 pre-tax profit but higher revenue for IOI
IOI Corp Bhd has posted a lower pre-tax profit of RM159.8mil for the third quarter ended March 31, against RM173.6mil in the previous corresponding period, despite a 73% surge in revenue to RM1.123bil from RM650.6mil a year ago.
CPO to move into band trading
Forecasting Price Trends: A weekly column by G.M. Teoh on Crude Palm Oil, Soyoil, Cocoa and Cash-Tin.
MB: I can prove cops' links to vice
Terengganu Mentri Besar Datuk Seri Abdul Hadi Awang is ready to produce evidence on his allegation that certain police officers condone vice activities and in some instances protect such illicit acts.
Better playing field for refineries
MALAYSIAN palm oil refineries will be able to compete on a #147;better playing field#148; with other oil seeds in India following the Indian government#039;s decision to reduce the tariff on refined, bleached and deodorised (RBD) palm oil and palm olein, said Malaysian Palm Oil Association (MPOA) chief executive M.R. Chandran.
Slight rise of CPO futures seen
Forecasting Price Trends: A weekly column by G.M. Teoh on Crude Palm Oil, Soyoil, Cocoa and Cash-Tin.
Range-bound trading of CPO seen
Forecasting Price Trends: A weekly column by G.M. Teoh on Crude Palm Oil, Soyoil, Cocoa and Cash-Tin.
News in brief
News in brief on PPB Oil Palms,RHB Capital, Patimas, AIC, Wah Seong and Sunway City.
Plantation sector may be at end of upcycle, say analysts
THE plantations sector, which has benefited enormously from the surge in the price of crude palm oil (CPO) since late 2001, may be seeing the end of its upcycle, according to industry analysts.
