News
Erases Earlier Gains
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives erased earlier gains to close lower yesterday, tracking the losses on the Chicago soyabean market over concerns of a large crop. Cargo surveyors reported that exports of Malaysian palm oil products in September rose by 1...
Palm Rises To 1-1/2 Mth High; Marks Biggest Monthly Gain Since April 2009
KUALA LUMPUR, Sept 30 (Reuters) – Malaysian palm oil futures rose to their highest in one-and-a-half months on Tuesday and recorded their biggest monthly rise in more than five years, as strong export demand and gains in Chinese soyoil markets lifted sentiment. Despite the swift recovery in pa...
Palm Oil Prices Seen Supported by Oil World on Imports
Palm oil prices are finding support from a recent increase in demand by some importing countries while producing areas in Indonesia and Malaysia are experiencing dry weather, Oil World said. Demand has increased from buyers in India, China, Europe and other countries, the Hamburg-base...
Palm Oil Rises
Malaysian palm oil futures rose to their highest in one-and-a-half months on Tuesday and recorded their biggest monthly rise in more than five years, as strong export demand and gains in Chinese soyoil markets lifted sentiment. Despite the swift recovery in palm prices this month, underlying concern...
Palm Gains On Export Expectations, Weakening Ringgit
JAKARTA, Sept 29 (Reuters) – Malaysian palm oil rose on Monday on expectations of positive palm oil export data for September and a weakening ringgit, but volumes remained low as competing edible oil prices slipped and U.S. soybeans hit a four-year low. The market is anticipating Malaysian pal...
Rising Exports Expectation Boost
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher amid expectations of higher exports. Phillip Futures Sdn Bhd derivative product specialist David Ng said expectations of higher exports for September, which could lower the stock levels in the country, push...
