News
CPO Futures Up on Weak Ringgit
KUALA LUMPUR: Crude palm oil futures contract on Bursa Malaysia Derivatives closed higher yesterday, prompted by the weak ringgit. Phillip Futures Sdn Bhd derivative product specialist David Ng said output was expected to decline due to heavy rain in key growing areas. January 2014 rose R...
‘Havoc for palm oil sector’
FREE TRADE AGREEMENTS: Dismantling CPO tax will sabotage efforts to woo investments, say Poram Palm oil refiners, some of which are owned by the country’s largest conglomerates, may face a bleak future if Malaysia accedes to demand under free trade pacts to dismantle the crude palm oil (CPO) ta...
Palm futures rise as ringgit weakens
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives were traded higher yesterday, supported by a sharp depreciation of the ringgit against the dollar. January 2014 was RM22 higher at RM2,524 a tonne, February 2014 gained RM22 to RM2,555 a tonne, March 2014 rose RM21 to...
Palm futures rise as ringgit weakens
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives were traded higher yesterday, supported by a sharp depreciation of the ringgit against the dollar. January 2014 was RM22 higher at RM2,524 a tonne, February 2014 gained RM22 to RM2,555 a tonne, March 2014 rose RM21 to...
Palm futures finish lower
KUALA LUMPUR: Crude palm oil (CPO) futures contract ended lower yesterday due to the continuing poor performance of soya oil. The market was also concerned over the shift in demand from palm oil to soya oil following the reduction in discount of palm oil to soya oil, Phillip Futures derivatives spec...
CPO Futures Dip on Reduced of Demand
KUALA LUMPUR: Crude palm oil futures contract closed lower yesterday on discouraging palm oil shipments in the first half of this month. Phillip Futures derivatives specialist David Ng also attributed the reduced demand to weak market sentiment and narrow price spread between palm oil and...
