News
CPO Futures Witness Bargain Buying
KUALA LUMPUR: Crude palm oil (CPO) futures continued to witness bargain buying interest after prices fell sharply over the past few days. However, the demand in the upcoming weeks is likely to rise in Malaysia’s CPO output from this month onwards, which is expected to limit the upsi...
CPO Futures Rebound to End Firmer
KUALA LUMPUR: The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives rebounded to close firmer on the back of short covering and bargain hunting after the recent sharp decline in prices, a dealer said. Spot month August increased RM18 to RM2,277 per tonne, September rose RM21 ...
Palm Futures Down on Weak Fundamentals
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives ended lower yesterday amid weak fundamentals in light of recent lacklustre export performance and risk of higher inventories in coming months. Phillip Futures Sdn Bhd derivative product specialist David Ng said the pri...
CPO Futures Decline Continues
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives continued the downtrend to close sharply lower yesterday. Dealers said the decline was the lowest in two months. The sluggish performance was attributed to weakening demand for CPO, especially from Eu...
Elephant Sanctuary to Open Soon
PHASE ONE: Sabah centre will treat animals and conduct awareness activities KOTA KINABALU: THE first phase of the elephant sanctuary in Kinabatangan here will be opened in September, lifting hopes for the survival of the species in Sabah. The opening phase of the Borneo Elephant Sanctuary was recent...
Crude Palm Oil Weekly Report 14 July 2013
Crude palm oil futures (FCPO) on Bursa Malaysia Derivatives fell from the peak of 2,400 to as low as 2,295 at end the week in a bearish note. Despite the Malaysian Palm Oil Board (MPOB) report leaning towards positive sentiment, the bearish export figures from both MPOB, Intertek Testing Services (I...
