News
Palm Futures End Flat to Slightly Lower
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed unchanged to slightly lower yesterday on slowdown in demand as fall in inventories. Malaysian Palm Oil Board reported yesterday Malaysia’s June inventories fell 9.4 per cent to 1.65 million tonnes. B...
Palm Futures End Lower
KUALA LUMPUR: Crude palm oil futures contracts ended lower despite favourable production, stock and export data released by Malaysian Palm Oil Board yesterday. Phillip Futures Sdn Bhd derivative product specialist David Ng said although prices were down, the underlying sentiment of the market w...
Palm Futures Up on Encouraging Demand
KUALA LUMPUR: Crude palm oil (CPO) futures contract ended higher yesterday in anticipation of low stocks and encouraging demand. Phillip Futures Sdn Bhd derivative product specialist David Ng said demand for the commodity was expected to remain robust given the Ramadhan month. Both July 2013 and Aug...
Palm Oil Imports by India Climb as Prices Retreat on Glut
Palm oil imports by India, the world’s largest buyer, probably increased for a second month in June as a decline in prices amid increasing global cooking oil supplies spurred demand from processors and traders. Futures in Kuala Lumpur climbed to a two-week high. Inbound shipments increased 34 percen...
Palm Inches Up Ahead of Key Data
SINGAPORE: Malaysian palm oil futures inched up on Tuesday on hopes a key industry report later this week could show a drop in stocks of the tropical oil, although concerns about rising output in the world’s second largest producer capped gains. Industry regulator the Malaysian Palm Oil Board ...
Palm Futures Down on Lack of Buying Support
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday on lack of buying support for the commodity from the biggest consumers. At the close, July shed RM7 to RM2,369 per tonne, August dropped RM7 to RM2,378, September eased RM9 to RM2,376 and O...
