CPO futures to trade in profit-taking mode next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade in a profit-taking mode of between RM2,020 and RM2,080 per tonne next week, said a dealer.

Best years of investing in palm oil industry in the past

Fitch sees support for CPO at RM2,150

PETALING JAYA: Crude palm oil (CPO) prices will remain supported around the current level of RM2,150 per tonne although prices are expected to average slightly higher at RM2,300 per tonne next year, according to Fitch Solutions Macro Research.

Plantations weigh on KLCI as CPO sheds gains

KUALA LUMPUR: Plantations weighed on the FBM KLCI at the midday break on Wednesday as crude palm oil (CPO) futures shed their gains while oil and gas heavyweights slipped as prices fell.

Lower stockpiles, stronger exports and haze to boost palm oil prices

PETALING JAYA: Crude palm oil (CPO) prices are on the rise, as lower stockpiles in Malaysia, stronger exports and the dry, hazy weather conditions give a positive outlook for prices heading into next year.

Hibiscus, Reach, Sapura Energy to benefit directly from Saudi oil disruption

KUALA LUMPUR: UOB Kay Hian Malaysia Research expects upstream oil producers Hibiscus Petroleum, Reach Energy and Sapura Energy to be direct beneficiaries from the disruption in the oil supply after the drone attacks on Saudi Arabia's oil

facilities.

CPO futures to trade in tight range next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade in a tight range of between RM2,010 and RM2,100 per tonne next week, said a dealer.

More than RM500,000 in drugs seized

SHAH ALAM: The police have seized a variety of drugs worth about RM575,892 following raids in Gombak and Klang.

Palm oil exports set to decline as India buys less

PETALING JAYA: Malaysia’s biggest palm oil buyer is likely to reduce its purchase over the next few months, a move that is expected to hit local palm oil exporters beginning this month.India, which accounted for nearly 33% of Malaysia’s palm oil exports in August 2019, recently upped the import tax on Malaysia’s refined palm oil from 45% to 50% for a period of six months.

CPO to trade at RM1,900-RM2,200

PETALING JAYA: Crude palm oil (CPO) is expected to trade between RM1,900 and RM2,200 per tonne this month as rising optimism on lower stockpile will likely be offset by weaker demand from India following the major edible oil importer’s move to raise the import duty on palm oil by 5%, according to analysts.