Joint operations led to seizure of crude palm oil worth more than RM220,000

JOHOR BARU: A joint operation between the police and the Malaysia Palm Oil Board (MPOB) led them to seize almost 60,000 litres of crude palm oil estimated to be worth more than RM220,000. Johor Baru South OCPD Asst Comm Raub Selamat said acting upon information, a team of police officers and personnel from Bukit Aman’s Federal...

CPO futures likely to trade with upward bias next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with an upward bias next week given expectations of a weaker output due to seasonal factors, said palm oil trader David Ng. He said the continued strength in external markets for soybean oil and crude oil is expected to...