News
Palm Futures Down on Rising Output
KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower against the backdrop of rising production and the stronger ringgit. Phillip Futures Sdn Bhd Derivative Product Specialist David Ng said yesterday that the debt deal reached by the US Congress pressure...
CPO Futures Up on Positive Sentiment
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives rebounded from Monday to close higher yesterday, taking the cue from the firmer soyaoil prices on the Chicago Board of Trade, a dealer said. Phillip Futures Sdn Bhd Derivative Product Specialist David Ng said positi...
India’s Sept palm oil imports up 21% on festive demand
MUMBAI: India’s palm oil imports surged 20.6 percent in September from a month ago, rising for the first time in four months, as a recovery in the rupee encouraged refiners to buy more for the peak festival season. India, the world’s leading buyer of palm oils, imported 644,386 tonnes in...
Palm oil up ahead of Malaysian Palm Oil Board data on Thursday
ROTTERDAM: Palm oil on the European vegetable oils market firmed on Wednesday with players positioning ahead of Thursday’s Malaysian Palm Oil Board (MPOB) stocks data. * “It was all quiet today with asking prices a touch firmer as sellers anticipate that palm oil production has not grown...
CPO Futures Higher on Buying Interest
KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives closed higher yesterday, spurred by buying interest in the commodity. Philip Futures Sdn Bhd Derivative Product Specialist David Ng said the local market was also lifted by the fall in the ringgit to the dollar, att...
Palm Futures Up on Weak Ringgit
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher yesterday on the back of the weakening ringgit against the US dollar, dealers said. Phillip Futures Sdn Bhd Derivative Product Specialist David Ng said the CPO futures were also traded higher as exp...
