News
Palm Oil Surges
Malaysian palm oil futures stretched their winning streak into a third day on Wednesday, as the ringgit fell and as investors expected output to drop this month, although a fall in crude oil prices hampered gains. Planters and traders said palm oil output in the world’s second biggest producer...
CPO Stays Firm on Positive Demand
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives remained higher for the second consecutive day yesterday on the back of positive market sentiment, a dealer said. Phillip Futures Sdn Bhd derivative products specialist David Ng said expectations of a production decline ...
Wetter October Seen Curbing Malaysian Palm Oil Output
KUALA LUMPUR: Malaysia’s palm oil output may ease in October as wet weather delays harvesting and reduces oil extraction rates from fresh fruit bunches, planters and traders said, indicating production growth could have peaked two months ahead of schedule in August. Lower output by the world&#...
Concerns Over Lower Production Lift CPO Futures
KUALA LUMPUR: Crude palm oil (CPO) futures ended firmer yesterday, lifted by concerns over lower production, a dealer said. Phillip Futures derivative products specialist David Ng said the recent weakening of the ringgit against the US dollar also helped push demand for the commodity higher, especia...
Palm Rises As Crude Bounces Back
KUALA LUMPUR, Oct 3 (Reuters) – Malaysian palm oil futures rose on Friday as crude oil bounced off a 27-month low, although the ringgit’s strength curbed the gains and pulled the tropical oil to its first weekly drop in five. Brent crude oil futures edged up on Friday to around $93.50 a ...
Crude Palm Oil Weekly Report – October 4, 2014
Malaysian palm oil futures edged higher on Friday to 2,170, due to crude oil rebounding from a 27 month low, as well as recovering soybean prices caused by heavy rain which slowed down the speed of harvesting across the US Midwest, according to Reuters. Futures Crude Palm Oil (FCPO) benchmark for De...
