Stay updated with breaking news from Intertek Testing Services. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade lower next week amid a slowdown in demand post-Eid al-Fitr festive season with price hovering between RM3,800 and RM3,900 per tonne.
JAKARTA (May 18): Palm oil surged about 5% to end near a record high as soybean oil powered to its highest level since 2008 and industry participants anticipated a drop in production in second-biggest grower Malaysia. Better export data for the first half of May, a rebound in the Dalian market and some bargain buying are supporting palm oil prices, according to Sathia Varqa, owner of Palm Oil Analytics in Singapore. Cargo surveyor data from Intertek Testing Services and AmSpec Agri showed Malaysian shipments rose between 17% and 19% during May 1-15 from a month earlier. Futures for August del...
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to move higher next week, underpinned by the improving export data. Singapore-based Palm Oil Analytics’ owner and co-founder Dr Sathia Varqa said this was based on the cargo surveyor Intertek Testing Services data, which showed Malaysia's exports for the May 1-10 period up by 29.63 per cent to 447,225 tonnes from 345,010 tonnes in the same period in April 2021. Similarly, cargo surveyor Amspec Malaysia stated that exports in the May 1-10 period rose 36.85 per cent to 469,875 tonnes from 343,356 t...
Commercial beekeepers in the US say counterfeit honey from Asia is forcing down prices and pushing them to financial collapse
China 70,260 53,050 India & subcontinent 71,675 56,190 (Only selected palm products and destinations are displayed here; they may not add up to total exports) TOTAL PALM EXPORTS, BY MONTH Month Total Net Change m/m % January 1,059,225 -626,733 -37.2 December 1,685,958 +276,207 +19.6 November 1,409,751 -280,486 -16.6 Source: Reuters (Reporting by Kuala Lumpur Newsroom, 2021-02-16