News
Palm Oil Ends Higher After Tumbling to March 2009 Low
KUALA LUMPUR: Malaysian palm oil futures ended higher on Monday, snapping an eight-day losing streak, as short-covering reversed losses from the morning session and helped the tropical oil stay above 2,000 ringgit. Palm had tumbled to a March 2009 low of 1,954 ringgit inearly trade as financing trou...
Palm Oil Exports From Indonesia Climb to Highest in Seven Months
Palm oil shipments from Indonesia, the world’s largest producer, expanded to the highest level in seven months in July after India and countries in Africa increased purchases amid a decline in prices. Exports rose to 1.84 million metric tons from 1.79 million tons in June, the Indonesian P...
CPO Futures Prices Rebound on Stronger Soybean Market
KUALA LUMPUR: Crude palm oil (CPO) futures prices rebounded to close higher yesterday propped up by the strong gain on Chicago soybean market. Phillip Futures derivative product specialist David Ng said the news would provide a fresh catalyst for traders to drive up prices after having experienced a...
CPO Prices Depressed on Continuous Selling
KUALA LUMPUR: Crude palm oil (CPO) futures prices remained lower on continuous selling yesterday, a dealer said. Phillip Futures derivatives specialist, David Ng, said the CPO price plunged to its lowest in five years over mounting concerns over weak exports and high production for the month coupled...
Crude Palm Oil Weekly Report – 24 August 2014
Malaysian palm oil futures edged lower on Friday to 1,999, reaching a five year low due to an oversupply of other edible oilseeds including soybean oil coupled with a strong ringgit. Futures Crude Palm Oil (FCPO) benchmark November 2014 contract settled at 1,999 which was down 94 points or 4.7 per c...
Malaysian Palm Oil Slips to Five-year Low on Talk of Defaults on Cargoes
JAKARTA: Malaysian palm oil futures fell for a seventh-consecutive session to their lowest level in nearly five years on Thursday, with traders citing talk that major consumers in China and India had defaulted on cargoes. Easing crude and competing oilseed prices coupled with a strong ringgit and sl...
