News
CPO Futures Contracts on Bursa Malaysia Derivatives Closed Higher
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher yesterday on positive export data. Phillip Futures Sdn Bhd derivative product specialist David Ng said sentiment also remained upbeat because of the strong manufacturing data from China. September 2...
(CPO) Futures Contracts on Bursa Malaysia Derivatives Closed Lower
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday on profit-taking. Phillip Futures Sdn Bhd Derivative Product Specialist David Ng said the weak rupiah had also kept Indonesian palm oil prices competitive and there could be a shift in dema...
Crude Palm Oil Futures Contracts Closed Higher
KUALA LUMPUR: Crude palm oil futures contracts closed higher yesterday tracking gains in prices of global crude oil and soya oil. Phillip Futures Sdn Bhd Derivative Product Specialist David Ng said the weakening ringgit against the US dollar was also seen pushing up prices. September 2013 impro...
MPOC: Palm Oil Price to Increase by Year-end
KUALA LUMPUR: Palm oil price is expected to increase by year-end due to low production of substitutes such as vegetable and soybean oils, the Malaysian Palm Oil Council (MPOC) said. The US Department of Agriculture has been reported to have cut soybean production by about 5% and ...
Futures Contracts Closed Higher Yesterday
KUALA LUMPUR: Crude palm oil futures contracts closed higher yesterday with a firmer bias on lingering concerns over US soybean output and good export demand for palm oil. Phillip Futures Sdn Bhd derivative product specialist David Ng said some profit-booking was likely to be witnessed after th...
Palm Oil Advances to Two-Month High on Ringgit, Soybean Outlook
Palm oil climbed for the fifth day to a two-month high on speculation that the U.S. soybean crop will be smaller than previously estimated and as the ringgit fell to a three-year low, boosting demand for Malaysian supplies. Palm oil for November delivery rose as much as 1.4 percent to 2,468 ringgit ...
