News
Palm Oil Drops to One-Month Low on Rising Soybean Oil Supplies
Palm oil dropped for a second day to the lowest in more than a month on speculation that demand for the commodity may weaken amid rising supplies of soybean oil. The contract for September delivery lost as much as 1.4 percent to 2,347 ringgit ($737) a metric ton on the Bursa Malaysia Deriv...
Crude Palm Oil Futures Contracts Closed Lower
KUALA LUMPUR: Crude palm oil futures contracts closed lower yesterday on weaker demand from China, dealers said. Philip Futures Sdn Bhd Derivative Product Specialist David Ng said the day’s trading was caused by a slowdown in demand from China, adding that the prices are expected to be un...
Palm Oil Declines to Three-Week Low on China Growth Concerns
Palm dropped to a three-week low on speculation that slower economic growth in China, the largest buyer after India, may damp demand for the oil used in everything from noodles to biofuel. The contract for September delivery lost as much as 1.3 percent to 2,381 ringgit ($745) a metric ton ...
CPO Closed Almost Unchanged
KUALA LUMPUR: Crude palm oil futures contracts closed almost unchanged yesterday due to lack of demand for the commodity, dealers said. Philip Futures derivative product specialist David Ng said the day’s trading was influenced by mixed leads in the market, reflected in the benchmark mont...
Palm Oil Mostly Up in Europe on Increased Exports
ROTTERDAM: Palm oil on the European vegetable oils market was mostly firmer on Tuesday, following a rise in Malaysian futures after figures showed increased Malaysian palm oil exports for the first 25 days of June. * “A bit of bargain hunting and the almost 10 percent rise in exports gave palm...
CPO Closed Mostly Lower
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed mostly lower yesterday on slowdown in China’s economic growth and the weakening of the rupee against the US dollar. New contract month, July 2013, gained RM41 to RM2,390, August 2013 declined R...
