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CPO Futures Prices Rebound
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives rebounded to close higher yesterday lifted by positive sentiment in anticipation of stronger export. Phillip Futures Sdn Bhd derivative product specialist David Ng said the prices bucked the prevailing market pessimism a...
Bumper harvest bane?
17-MONTH HIGH: High inventory level may be short-term bearish for crude palm oil prices, analysts say MALAYSIA’S bumper oil palm harvest of late comes at a price: weak crude palm oil (CPO) prices. The country’s palm oil stocks jumped 23 per cent month-on-month to a 17-month high of 2.05 million tonn...
Malaysia Palm Oil Stocks in August Above 2mil Tonnes
KUALA LUMPUR: Malaysia’s palm oil inventory rose above the two million tonnes level in August, which was the first time for 2014. The Malaysian Palm Oil Board (MPOB) said on Wednesday the inventory rose 21.9% to 2.05 million tonnes from the 1.68 million tonnes in July. Analysts said the August...
CPO Futures Marginally Lower
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed marginally lower yesterday, amid bearish report from the Malaysian Palm Oil Board (MPOB). Phillip Futures Sdn Bhd derivative product specialist David Ng said palm oil stock for August was 22 per cent higher on ...
Palm Oil Eases from 3-Week Top, Market Eyes Malaysian Data
Palm oil futures edged lower on Tuesday as the market took a breather after hitting its highest in almost three weeks in the last session with investors eyeing key data on Malaysian palm oil stocks and production for a price direction. A decline in US soybean oil prices on expectations of record pro...
Palm Oil Eases from 3-Week Top, Market Eyes Malaysian Data
Palm oil futures edged lower on Tuesday as the market took a breather after hitting its highest in almost three weeks in the last session with investors eyeing key data on Malaysian palm oil stocks and production for a price direction. A decline in US soybean oil prices on expectations of record pro...
