News
Palm Oil Advances on Festival Demand
KUALA LUMPUR: Palm oil gained on speculation that exports from Malaysia will expand ahead of the Muslim fasting season of Ramadan, further trimming inventories in the world’s second-largest producer from an 11 month-low. The contract for August delivery climbed as much as 0.5 percent to RM2,46...
CPO Closed Mostly Lower
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed mostly lower amid concern over China’s sluggish import data, said Philip Futures Sdn Bhd Derivative Product Specialist David Ng. “The lower futures were because the market had expected inventor...
Weekly Crude Palm Oil Report June 9, 2013
Crude palm oil futures (FCPO) on Bursa Malaysia Derivatives surged this week on expectation of better exports demand and lower palm oil stocks in May. The benchmark FCPO August contract surged RM60 or 2.50 per cent to settle at RM2,457 per tonne on Friday from RM2,397 per tonne last Friday. The trad...
‘Misguided’ Attacks on Palm Oil Must Stop
PARIS: Nicole Bricq, France’s Minister of Foreign Trade, will be in Malaysia until tomorrow to attend the 2013 Global Summit of Women. The minister’s visit comes during a tense period in Franco-Malaysian trade relations due to French attacks on palm oil, a crucial commodity for the Malays...
Crude Palm Oil Futures Prices Closed Lower
KUALA LUMPUR: Crude palm oil futures prices closed lower yesterday on the back of profit taking in light of recent gains. Phillip Futures Sdn Bhd specialist David Ng said the slide was also due to regional macro-economic weakness as investors avoided taking risky positions in commodities. June ...
CPO Futures Up on Soya Oil Prices
KUALA LUMPUR: Crude palm oil futures prices on the Malaysia Derivatives Exchange closed higher yesterday tracking stronger soybean prices and on expectation of easing stocks in the country. June 2013 declined RM13 to RM2,359 a tonne, July 2013 and August 2013 appreciated by RM11 each to RM2,404...
