News
Palm Oil May Stabilise at US$700 – US$750
Palm oil prices may stabilise at between US$700 and US$750 a ton, Indonesia Trade Minister Mari Pangestu said in Jakarta today. Indonesia expects robust demand for the commodity from India and China, Pangestu said. — Bloomberg Source : Business Times
Technical Pullback May Extend Palm Futures Mart Pause
OBSERVATIONS: Happy days are here again – for Kuala Lumpur CPO futures market bulls. Energised by news of a marked improvement in the commodity’s fundamentals the actively-traded April 2010 contract surged to a high of RM2,594 last week. In just a fortnight the April 2010 contract, which...
CPO Futures Seen Rising Slightly
Crude Palm Oil (CPO) futures prices on Bursa Malaysia Derivatives are expected to be marginally higher next week due to lower production, dealers said. They predicted that the February stock will drop further and this will in turn, push prices up. The Malaysian Palm Oil Board (MPOB) in a statement t...
CPO Futures Mixed
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed mixed yesterday as players remained on the sidelines ahead of the extended weekend, dealers said. They believed prices would rise after the Chinese New Year holiday due to expectations of lower production and stock level for February....
CPO Close Higher
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher yesterday, aided by favourable export figures released as well as continued demand, dealers said. Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance reported higher exports between Feb 1 and Feb 10 a...
Palm Oil Exports Gain Amid Declining Production
PETALING JAYA: Malaysia’s palm oil stockpiles fell by almost 11% in January compared with December 2009 while exports gained amid declining production. The latest statistics released by the Malaysian Palm Oil Board (MPOB) yesterday showed that inventories fell 10.6% to two million tonnes in January ...
