News
CPO Futures End Mostly Lower
KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives ended mostly lower yesterday, dampened by weak market sentiment. “On the technical chart, a sustained move above the RM2,330 level will push the price towards the RM2,380-RM2,410 levels,” Phillip Futures Derivative Produc...
Palm Futures Firmer on Reverses Sell Down
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives reversed a recent sell down to close firmer yesterday and lifted by positive export data from cargo surveyors, Phillip Futures Sdn Bhd derivative product specialist David Ng said. He expects the support level to be at RM...
CPO Futures Falls to 8-month low
KUALA LUMPUR: Weak buying interest influenced crude palm oil (CPO) futures prices to close lower yesterday, and tumbling to an eight-month low. Phillip Futures specialist David Ng said the downtrend signified mounting pressure amid a strengthening ringgit and record soyabean supplies which is weighi...
Palm Futures Falls on Weak Demand
KUALA LUMPUR: Crude palm oil futures prices on the Malaysia Derivatives Exchange closed lower yesterday on weak demand for the commodity, a dealer said. “Phillip Futures Sdn Bhd Derivative Product Specialist David Ng said the depreciation of the ringgit against the dollar and positive demand-su...
Palm Futures Up Takes Cue From Stocks
KUALA LUMPUR: Crude palm oil (CPO) futures prices ended higher, taking the cue from the sharp fall in Malaysia’s palm oil stocks and output as well as the rise in exports. Phillip Futures derivative product specialist, David Ng, said the palm oil stock data released Malaysian Palm Oil Board (MPOB) f...
Palm Futures Retreat
KUALA LUMPUR: Crude palm oil (CPO) futures prices closed lower yesterday tracking the decline in crude oil futures and also due to the stronger ringgit against the US dollar, a dealer said. Phillip Futures specialist, David Ng, said the prices were traded lower following weakness in Chicago Board of...
