News
Palm Futures Contracts End Higher
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed higher yesterday after posting two consecutive days of losses with players getting ready for a long weekend, dealers said. The market will be closed from midday today until Monday for the Chinese New Year ...
Palm Oil Trims Biggest Monthly Loss
Palm oil climbed for a second day, paring the biggest monthly loss since July, as some investors closed bets on further declines ahead of the Chinese Lunar New Year holidays. The contract for April delivery advanced 0.8 per cent to RM2,563 a metric tonne on the Bursa Malaysia Derivatives, the highes...
Palm Oil Advances Most in Week as Biofuel Demand Seen Increasing
Palm oil climbed the most in almost a week after a decline to a two-week low boosted the outlook for the tropical oil’s use in biofuels. The contract for April delivery gained as much as 0.9 percent to 2,552 ringgit ($768) a metric ton on the Bursa Malaysia Derivatives, the biggest jump for mos...
Palm Oil Slips to 2-wk Low as Equity Markets Eyed
JAKARTA: Malaysian palm oil futures dropped to their lowest in almost two weeks on Tuesday, hit by a decline in other vegetable oil prices and fragile equity markets, but a weak local currency helped curb losses. The benchmark April contract on the Bursa Malaysia Derivatives Exchange ended...
CPO Futures Slips on Poor Demand
KUALA LUMPUR: Crude palm oil futures contract closed lower yesterday, pressured by weakening demand. February 2014 and March 2014 both eased RM25 each to RM2,520 and RM2,525 a tonne, respectively. April fell RM27 to RM2,529, May 2014 decreased RM28 to RM2,527, June 2014 dipped RM28 to RM2...
CPO futures lower on weak data
KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower against the backdrop of weak export data. February 2014 eased RM37 to RM2,545 a tonne, March 2014 depreciated RM33 to RM2,550, April fell RM35 to RM2,556, May 2014 decreased RM38 to RM2,555, June 2014...
