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KUALA LUMPUR, April 14 (Bernama) -- MBSB Investment Bank Bhd expects benchmark Brent crude oil and crude palm oil (CPO) prices to remain above support levels and potentially re-test resistance at US$114 per barrel and RM4,890 per tonne, respectively, in the near term.
By Muhammad Fawwaz Thaqif Nor Afandi
KUALA LUMPUR, April 13 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Monday, tracking stronger crude oil prices amid the ongoing conflict in West Asia, a trader said.
KUALA LUMPUR, April 13 (Bernama) -- Crude palm oil inventory is expected to inch down in the second quarter (2Q) of the year, driven by stronger exports as buyers stock up amid uncertainty over the current ceasefire in West Asia.
KUALA LUMPUR, April 11 (Bernama) -- The Ministry of Plantation and Commodities has introduced an incentive amounting to RM3.5 million in an effort to support oil palm fresh fruit bunches (FFB) traders in obtaining the Malaysian Sustainable Palm Oil (MSPO) certification.
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, April 11 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to see profit-taking activity next week, with prices likely to trade between RM4,200 per tonne and RM4,300 per tonne, said a trader.
KUALA LUMPUR, April 10 (Bernama) -- Crude palm oil (CPO) prices are expected to remain elevated, supported by biodiesel mandates, higher oil prices, and weather-related supply risks, said CIMB Securities Sdn Bhd.
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, April 10 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended the week sharply lower after the market digested bearish Malaysian Palm Oil Board (MPOB) data, said Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa.
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, April 9 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives snapped a three-day losing streak to close higher on Thursday, supported by bargain buying and a recovery in energy prices, a trader said.
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, April 8 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Wednesday, mirroring the decline in oil prices following the ceasefire announced by the United States and Iran, said Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa.
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, April 7 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Tuesday, despite Thailand announcing tighter controls on CPO exports.
KUALA LUMPUR, April 7 (Bernama) -- B100, a 100 per cent palm oil-based biodiesel, has the potential to emerge as a more competitive and sustainable alternative energy source amid uncertainties arising from the West Asia crisis, said Federal Land Development Authority (FELDA) chairman Datuk Seri Ahmad Shabery Cheek.
KUALA LUMPUR, April 7 (Bernama) -- The Malaysian Biodiesel Association (MBA) has called on the government to follow the proactive measures announced by other ASEAN counterparts and expedite the nationwide implementation of higher blends under the national biodiesel programme for both the transport and industrial sectors.
