News
CPO Futures End Easier on Lack of Fresh Leads
CRUDE palm oil futures on the Malaysia Derivatives Exchange closed easier for the fourth consecutive day yesterday on lack of fresh leads, dealers said. April 2010 added RM6 to RM2,586 a tonne, May 2010 declined RM9 to RM2,531 while both June 2010 and July 2010 decreased RM8 each to RM2,520 and RM2,...
CPO Futures End Easier on Lack of New Leads
CRUDE palm oil futures prices on the Malaysia Derivatives Exchange closed easier yesterday on lack of fresh leads, dealers said. One of the dealers said with a major market like India being quite well stocked, the global demand was a bit slower during this period. April 2010 remained flat at RM2,580...
CPO Futures Ease on Reduced Demand
CRUDE palm oil futures prices on the Malaysia Derivatives Exchange ended lower yesterday with reduced demand for the commodity, dealers said. They said the decline in demand was reflected in reports by two cargo surveyors – Intertek Testing Services and Societe Generale de Surveillance, both r...
Fall in March Palm Oil Stocks Not Surprising
PETALING JAYA: The decline in palm oil stocks in March does not come as a surprise as it is approaching the typically “low stock season” from April to May. According to the Malaysian Palm Oil Board’s monthly statistics, palm oil stocks declined 7.5% to 1.65 million tonnes in March month-on-month. Ex...
High Time for Mechanised Oil Palm Harvesting
MUCH hope has been placed on increasing the mechanisation of palm fruit harvesting techniques and reducing foreign labour in the country’s robust oil palm industry. Unfortunately, efforts to introduce a workable and efficient mechanised harvester remain futile, leading to deep dependence on foreign ...
CPO Futures End Mostly Lower
CRUDE palm oil futures on Bursa Malaysia Derivatives closed mostly lower yesterday on profit-taking activities, dealers said. April 2010 rose RM5 to RM2,585 a tonne while May 2010 fell RM6 to RM2,547 , June 2010 lost RM59 to RM2,535 and July 2010 went down RM2 to RM2,528. Volume decreased to 14,632 ...
