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KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade higher next week on low production.

KUALA LUMPUR, Aug 12 ― Research firms believe the price of crude palm oil (CPO) would stay higher for quite some time given its tight supply situation which would likely remain at least until the third quarter of 2021. Malaysia’s July 2021 palm oil inventory decreased by 7.3 per cent...

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade in range-bound mode next week as the market is lacking movement catalysts, a dealer said. Interband Group of Companies senior palm oil trader Jim Teh said the market projection was made based on the quiet market and no major festival happening in the coming weeks. He told Bernama that the futures contract is expected to trade between RM3,200 and RM3,300 per tonne. Palm oil trader David Ng also expects the CPO futures to trade range-bound but with a negative bias, given the prospect of hi...

Malaysia’s export is expected to continuously benefit from the positive trend on China’s import performance, due to its position as Malaysia’s largest export destination

KUALA LUMPUR: A question mark continues to hang over Tiong Nam Logistics Holdings Bhd's capabilities in handling vaccine logistics despite assurance from management that it is poised and ready to enter the business.