that Malaysia’s Aug 1-10 export was up by four per cent, defying lower estimates from Intertek

PETALING JAYA: The crude palm oil( CPO) futures contract on Bursa Malaysia Derivatives closed mostly lower on profit-taking after hitting an all-time high yesterday. Singapore-based Palm Oil Analytics owner and co-founder Sathia Varqa said the CPO futures succumbed to profit-taking amid news that Russia had withdrawn its troops thus reducing the geopolitical tension.“ Palm oil futures surrendered all of its gains after testing another all-time high price on the third month benchmark.“ The gains

KUALA LUMPUR: The crude palm oil( CPO) futures contract on Bursa Malaysia Derivatives closed higher on Monday on the back of solid gains in soybean oil on the Chicago Board of Trade and a weaker ringgit, said a dealer. Singapore-based Palm Oil Analytics’ owner and co-founder Dr Sathia Varqa said prospect of improving exports amid lower output for the year would drive CPO futures higher and lift up cash prices.“ Higher prices on the Dalian Commodity Exchange, a weaker ringgit, and expectation of

PETALING JAYA: The Indian government’s decision to reduce its import duty on crude palm oil( CPO) from 15% to 10% is a boon for the Malaysian palm oil industry, giving immediate relief to the smallholders, said the Malaysian Palm Oil Board( MPOB). Director-general Dr Ahmad Parveez Ghulam Kadir( pic) said with the CPO price level stabilising between RM3, 500 and RM3, 800 per tonne, CPO export to the world’s largest palm oil consumer is bound to increase further in the near future. Based on the in

CLICK TO ENLARGEKUALA LUMPUR: The price of crude palm oil( CPO) is expected to remain firm at RM3, 500 to RM4, 500 per tonne this month amid tight global oil inventories. CGS-CIMB Research, in its latest agribusiness report, pegged the average CPO price at RM3, 700 per tonne this year, but there remain an upside potential as “ the CPO price has averaged at RM4, 150 per tonne in the first eight months of this year.” By end-September, the palm oil stocks could rise 1% month-on-month( m-o-m) to 1.8

Grab Holdings to acquire Malaysian supermarket chain Jaya Grocer GRAB Holdings Ltd, a unit of Southeast Asia's largest ride-hailing and delivery group, is buying Malaysia's top premium grocery chain Jaya Grocer Holdings Sdn Bhd according to filing with the US Securities Exchange Commission.... Dyson supplier ATA asks Malaysia to drop charges it violated worker accommodation laws ATA was charged with four violations of laws relating to minimum standards for worker accommodation, the labour depar