News
CPO Futures End Higher On Short Covering Activities
Crude palm oil futures on the Malaysia Derivatives Exchange closed higher yesterday on short-covering activities, dealers said. They said that higher soyaoil prices on China soyabean futures and signs of improving exports also boosted buying sentiment in the CPO futures market. At the close, the May...
Malaysia Apr 1-20 Palm Exports Fall 17pc: ITS
Malaysia’s palm oil exports fell 17.1 per cent in the first 20 days of April, independent market surveyor Intertek said. A total of 724,499 metric tons of the commodity were tracked on April 1 to 20, versus 873,931 tons in the same period in March, Intertek said in an e-mail statement in Kuala Lumpu...
Malaysia Hopes to Expand Palm Oil Business with Russia
MOSCOW: Malaysia hopes to develop and strengthen bilateral relations in the area of palm oil trade with Russia. Plantation Industries and Commodities Minister Tan Sri Bernard Dompok believes there are opportunities for the private sector in the two countries to redefine their business approaches t...
CPO Futures End Lower on Lack of Strong Buying
CRUDE palm oil futures on the Malaysia Derivatives Exchange closed at an almost 11-week low yesterday on lack of strong buying, dealers said. They said weaker crude oil and soyaoil prices dragged down buying sentiment in the CPO futures market. At close, May 2010 and June 2010 fell RM50 each to sett...
CPO Futures Still A Bull Market – Barely
OBSERVATIONS: The Kuala Lumpur CPO futures market bull last week took some heavy body blows, suffered a severe mauling and, to its credit, survived – though barely. The benchmark June 2010 contract plummeted in early trade on frantic liquidation of long (buy) contracts, falling to an intra-week low ...
CPO Futures Trading Seen Rangebound
Crude palm oil (CPO) futures prices on the Malaysia Derivatives Exchange will likely to be in rangebound trade next week, despite rising concerns over tight supply, dealers said. A dealer said the dry season may continue to curb some production. HWANGDBS Vickers Research Sdn Bhd, in its research not...
