News
Palm Futures Lower on Lack of Demand
KUALA LUMPUR: Crude palm oil futures contracts was lower yesterday on lack of demand. Phillip Futures Sdn Bhd derivative product specialist David Ng said the price spread between palm oil, soya oil and sunflower oil has narrowed significantly. At close, January 2014 and February 2014 were...
Palm Futures Lower on Lack of Demand
KUALA LUMPUR: Crude palm oil futures contracts was lower yesterday on lack of demand. Phillip Futures Sdn Bhd derivative product specialist David Ng said the price spread between palm oil, soya oil and sunflower oil has narrowed significantly. At close, January 2014 and February 2014 were...
Palm Oil Imports by India Climbing as Farmers Retain Bean Supply
Palm oil imports by India, the world’s biggest buyer, probably climbed for a second month after farmers withheld soybean supplies because of a decline in prices, a Bloomberg survey showed. Shipments of the main crude and refined oils increased 4.4 percent to 800,000 met...
CPO Futures Hits Near 2-month Low
KUALA LUMPUR: Crude palm oil (CPO) futures contracts closed lower for the third consecutive day this week, hitting a near two-month low, pressured by weakening soyoil prices, which has raised concerns over the demand for palm oil, a dealer said. January 2014, February 2014, April 2014 and June ...
Palm Oil Drops to Two-Month Low as Soybean Oil Supplies Climb
Palm oil fell for a fifth day to the lowest level in almost two months on concern that demand for the tropical oil used in everything from food to fuel may shrink on increasing supplies of soybean oil. The contract for March delivery retreated as much as 0.8 percent to 2,540 ringgit ($775) a metric ...
Palm Futures Down on Weak Demand
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower for the fourth consecutive trading day yesterday, as demand continues to weaken in the United States and China, a dealer said. January 2014 lost RM36 to RM2,530 a tonne, February 2014 fell RM48 to RM...
