Malaysian palm oil futures were little changed on Friday, as stronger Dalian and Chicago soyoil contracts offset weaker crude oil prices. The benchmark palm oil contract FCPO1! for October delivery on the Bursa Malaysia Derivatives Exchange was up 0.05% to 3,939 ringgit ($842.57) a metric ton by 0246 GMT. FUNDAMENTALS * Dalian’s most-active soyoil contract (DBYcv1) gained…
KUALA LUMPUR: Malaysia has secured over RM230 million in palm oil trade deals during Deputy Plantation and Commodities Minister Datuk Chan Foong Hin’s recent working visit to China. In a statement today, the Ministry of Plantation and Commodities (KPK) said Chan’s visit from July 8-12 to promote Malaysian agri-commodities in China has resulted in the…
NEW DELHI: Malaysia’s palm oil exports to India will continue to rise in line with the growth of India’s middle-class consumer base, says plantation and commodities minister Johari Ghani. Last year, Johari said Malaysia’s exports of palm oil and palm oil products to India totalled 3.3 million tonnes, valued at US$3 billion (RM14 billion), or 13%…
