News
CPO Futures Boost on Weak Ringgit
KUALA LUMPUR: Crude palm oil futures (CPO) contracts on Bursa Malaysia Derivatives traded higher due to a weakening ringgit against the US dollar. “This has helped boost CPO futures prices,” he said. On the technical charts, July CPO contract is expected to rise further towards the RM2,7...
Palm Futures Close Stronger
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on anticipation seasonal demand. The country’s exports were higher between April 1 and 15 and the sudden drop in numbers for April 1 and 20 has negatively hit market sentiment, said Phillip Futu...
How the Felda scheme changed the lives of thousands of settlers
When the Felda Model was introduced, many Malaysians in rural areas overcame poverty, thanks to earnings from oil palm. Mohd Hussin Yahya is a man of few words, but his facial expression well articulates a sense of gratitude for the comfortable livelihood he now enjoys owing to his oil palm land. At...
Crude Palm Oil Weekly Report April 20, 2014
Malaysian palm oil futures settled 0.7 per cent higher for the week as market traded thinly on Friday due to expectations of a recovery in food and fuel demand for the tropical oil. However, investors booked profits from big gains earlier in the week because of weakness in overseas soy markets and a...
Palm Oil Down on Profit-taking
KUALA LUMPUR: The crude palm oil futures contract on Bursa Malaysia Derivatives closed lower yesterday on profit-taking after the recent rally. A trader said the downside was somewhat capped due to positive sentiment still persisting as players expect export demand for palm oil to improve. Chartwise...
CPO Futures Extend Rally for 3rd Consecutive Day
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives extended their rally for the third consecutive day yesterday on the back of improved export demand. A trader at Phillip Futures said a sustained move above RM2,710 for July 2014 contract would extend the rally towards...
