News
‘Palm Oil Producers’ Credit Quality Remains Strong’
RESILIENT DEMAND: Growing use of CPO as feedstock for biodiesel production will be key driver, says Moody’s MOODY’S Investors Service says the credit quality of palm oil producers remains strong, supported by visibility in long-term supply, resilient demand and low, albeit rising, ...
CPO Falls on Weak Demand
KUALA LUMPUR: Crude palm oil (CPO) futures contracts closed lower yesterday on weak demand. Phillip Future investment analyst David Ng said the CPO was traded range bound for most of the day but ended lower in the second session. April 2014 and May 2014 fell RM29 to RM2,793 and RM2,735 a tonne respe...
CPO Price Rally May Be Short-Lived
PETALING JAYA: The dramatic narrowing of crude palm oil (CPO) price discount to its competitors – soybean and rapeseed oils – can hamper the steady increase in the price of the local commodity, currently trading above RM2,700 per tonne, from touching the targeted RM3,000 per tonne mark this year. Th...
CPO Futures Likely to Trade Easier Next Week
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are likely to trade lower next week at between RM2,500 and RM2,600 per tonne, on the lack of buying support for the commodity, a dealer said. Interband Group of Companies Senior Palm Oil Trader, Jim Teh said slower de...
CPO Futures Likely to Trade Easier Next Week
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are likely to trade lower next week at between RM2,500 and RM2,600 per tonne, on the lack of buying support for the commodity, a dealer said. Interband Group of Companies Senior Palm Oil Trader, Jim Teh said slower de...
Mistry Bullish on Palm Oil as El Nino Threatens to Parch Trees
Palm oil may extend its advance in April to the highest level since 2012 after dry weather in Southeast Asia hurt crops and as El Nino looms later this year, said Dorab Mistry, director at Godrej International Ltd. Prices may reach 3,000 ringgit ($907) a metric ton once there is confirmation that th...
