News
Palm futures rise lifted by weak ringgit
KUALA LUMPUR: Crude palm oil futures contract on Bursa Malaysia Derivatives closed higher prompted by the weak ringgit, a dealer said. Phillip Futures derivatives dealer David Ng said heavy rains may disrupt harvesting and complicate logistics, hence lowering production. Spot month Decemb...
From palm oil, rubber, iron to eggs, Asia builds commodity pricing clout
SINGAPORE: From palm oil, rubber, iron ore to eggs, Asia’s new commodity derivatives are drawing in global exchanges eager to profit from rising trade volumes and a likely shift of pricing benchmarks from the West. There are two Asia-based global commodity benchmarks – Tok...
CPO Futures Tracks Fall in Soya Oil
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday due to overnight weakness on the Chicago soyabean market, a dealer said. Spot month December 2013 lost RM31 to RM2,571 a tonne, January 2014 decreased RM30 to RM2,607, February 2014 shed RM...
Palm Futures Prices End Lower
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed lower yesterday due to a firmer ringgit against the dollar, a dealer said. The weak exports data for November was also seen weighing on prices. Spot month December 2013 lost RM13 to RM2,602 a tonne, January 201...
Palm Futures Prices End Lower
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed lower yesterday due to a firmer ringgit against the dollar, a dealer said. The weak exports data for November was also seen weighing on prices. Spot month December 2013 lost RM13 to RM2,602 a tonne, January 201...
Crude Palm Oil Weekly Report 1 December 2013
Malaysian palm oil futures (FCPO) ended higher by 0.45 per cent for the week even though investors booked profits from gains made earlier in the week as it went up to as high as 2,678. Meanwhile, prices were supported by optimism that higher biofuel mandates will encourage edible oil demand and supp...
