Palm Oil News

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Sime Darby to Triple Capital Expenditure to RM7 Billion PETALING JAYA: Sime Darby Bhd, which reported a better-than-expected profit for the financial year ended June 30, 2009 (FY09), plans to more than triple its capital ... continue reading
Palm Futures Edge Down on Lack of Leads Crude  palm oil futures edged slightly lower yesterday with few fresh leads for investors ahead of a holiday weekend, traders said. "Overall there were not many players in ... continue reading
CPO Futures Firmer on Technical Rebound Crude  palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday on a technical rebound after posting three consecutive days of losses. Dealers said that the CPO futures ... continue reading
CPO Prices Set to Increase Amid Rising Global Demand Crude palm oil (CPO) prices are expected to rise by a quarter and hit RM3,000 a tonne in the next six months, due to global demand ... continue reading
Palm Oil Continues Losing Run Palm oil in Malaysia yesterday dropped for a third day, headed for the longest losing run in two months, as investors deemed recent gains excessive amid concern demand may wane ... continue reading
Bursa Launches Three New Palm Oil Plantation Indices Kuala Lumpur - Bursa Malaysia Bhd yesterday launched three new FTSE Bursa Malaysia Palm Oil Plantation Index series that allow investors to track the performance of selected ... continue reading
MPOB to request higher allocation for R&D in 10MP by Ooi Tee Ching Malaysian Palm Oil Board (MPOB) is stepping up its research and development (R&D) activities and will request for a higher allocation under the 10th ... continue reading
CPO futures finish softer CPO FUTURES Malaysian palm oil futures ended softer yesterday for the third consecutive day, touching a new 10-week intraday low, as worries over slow exports overcame support from gains in oil ... continue reading
CPO Futures Rebound on Promising Outlook Palm oil futures rebounded from a two-day slide as the outlook for demand improved and crude oil futures climbed above US$60 (RM215) a barrel, raising the appeal of biofuels ... continue reading

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