Berita Arkib

14/03/2014 (Hindu Business Line) - Malaysian palm oil futures on the Bursa Malaysia Derivatives Exchange ended higher on Monday, touching an 18 month-high after production in Malaysia dropped to the lowest since April 2012, eroding stockpiles further. Dry weather curbed palm oil output by 14.25 per cent compared with January. Output could be lower due to the lagged effects of a drought in May to June last year. CPO active month futures are moving perfectly in line with our expectations. As mentioned in the previous update, though prices are showing some exhaustion signs, but still remains strongly poised to make multi-month highs. Prices hit a high of ringgit 2,910/tonne. The rally could extend to 2,935-45 levels immediately. But, from there it could find resistance and correct subsequently. A corrective dip to ringgit 2,805-10levels are expected and this could hold support and once again revisit recent highs or even higher. An ideal target now lies at 2,990-95 from where a strong correction can be expected. Only a close below 2,730 could postpone our bullish expectations. Favoured view expects supports to hold and prices to test the potential targets mentioned above.

14/03/2014 (Renewable Energy Magazine) - Sarawak Energy, Borneo’s state energy provider, has announced the signing of the Sarawak’s first Renewable Energy Power Purchase Agreement (REPPA) on 4 March 2014 between Sarawak Energy and Olive Energy Sdn Bhd

14/03/2014 (The Star) - RHB Research maintains its Overweight outlook on plantations and it expects better quarters ahead on the back of rising crude palm oil (CPO) prices and lower production costs.

14/03/2014 (Bernama) - Daily turnover for crude palm oil futures contract, the star product on Bursa Malaysia Derivatives, reached a historical high of 71,678 contracts on March 12, 2014.

14/03/2014 (Bloomberg) - Palm oil declined, heading for the first weekly loss in six, as a forecast for rain in Malaysia eased concern that a dry spell will hurt crops in the world’s largest producer after Indonesia.

14/03/2014 (The Star) - Key Asian markets and Malaysia’s blue chips fell in volatile trade early Friday after the overnight tumble on Wall Street, with the FBM KLCI falling more than 12 points.

13/03/2014 (Reuters) - Malaysian palm oil futures stretched losses into a second day on Wednesday, falling to a one-week low as profit-taking continued to weigh, with some investors worried that higher prices of palm oil could see key consumers switching to rival edible oils.

13/03/2014 (Hindu Business Line) - Palmolein, cotton and rapeseed refined oil prices declined by ₹7, ₹5 and ₹5 respectively for 10 kg each on Wednesday on slack physical demand amid sharp drop in domestic and Malaysian palm oil futures. Groundnut oil rose by ₹10, tracking a gain of ₹15 gain in Saurashtra markets.

13/03/2014 (Reuters) - Indonesia's Pertamina plans to float a third tender to buy palm oil for blending into biodiesel, an official of the state-owned oil firm said, signalling a strong start to the nation's drive to step up usage of the alternative fuel.

13/03/2014 (Borneo Post) - State energy provider Sarawak Energy Bhd (SEB) yesterday announced that the very first Renewable Energy Power Purchase Agreement (REPPA) was signed on March 4 between SEB and Olive Energy Sdn Bhd.

13/03/2014 (Borneo Post) - Sarawak Farmers Organisation (SFO) will take the lead to implement the proposed oil palm mill project in Sungai Laong, Bakong.

13/03/2014 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday.