News
Indonesia’s Palm Oil Exports Seen by Oil World Signaling Demand
Record palm-oil exports from Indonesia, the world’s largest producer, in the first five months this year indicated “sharply higher world import requirements,” according to Oil World. Shipments increased 28 percent to 9.1 million metric tons as low prices spurred demand from consumers in the foo...
Palm Futures Down on Profit-taking
KUALA LUMPUR: Crude palm oil futures contract on Bursa Malaysia Derivatives ended lower as traders booked profits at higher levels amid the weakness on the soyaoil futures contract of the Chicago Board of Trade. Spot month September 2013 declined RM13 to RM2,380 per tonne, October 2013 dropped ...
CPO Futures Contracts Closed Higher Yesterday
KUALA LUMPUR: Crude palm oil (CPO) futures contracts closed higher yesterday, taking the cue from the firm soya oil prices on the Chicago Board of Trade. Spot month September 2013 rose RM26 to RM2,393 per tonne, October 2013 gained RM30 to RM2,354 per tonne, November 2013 added RM24 to RM2,333 ...
Palm Oil Jumps to Five-week High
Palm oil climbed to a five-week high as soybeans rallied on concern that dry weather in the US may hurt crops in the largest grower of the oilseed crushed to make an alternative oil. The contract for November delivery gained as much as 1.3 per cent to RM2,340 a metric tonne on the Bursa Malays...
Strong Exports Boost CPO Futures
KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher following strong exports from August 1-15. August 2013 gained RM31 to RM2,365 a tonne, September 2013 rose RM19 to RM2,318 a tonne, October 2013 increased RM28 to RM2,318 a tonne and November 2...
Palm Futures Up on MPOB Data
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher following the release of output data by the Malaysian Palm Oil Board (MPOB). August gained RM54 to RM2,334 a tonne, September rose RM54 to RM2,330, October gained RM44 to RM2,290 and November added ...
