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Palm Oil Jumps to Two-Month High as Inventories Seen Declining
Palm oil climbed for a fifth day to a two-month high on speculation that inventories in Malaysia may decline for a fifth month as output slows and exports recover in the world’s second-biggest producer. The contract for August delivery advanced as much as 1.3 percent to 2,420 ringgit ($792) a m...
CPO Futures Climb on Speculation
KUALA LUMPUR: Crude palm oil futures prices on Malaysia Derivatives Exchange closed higher on expectation of lower output and inventories. June 2013, July 2013 and August 2013 each appreciated by RM7 to close at RM2,372 a tonne, RM2,393 a tonne and RM2,388 a tonne, respectively. September 2013 ...
Palm Futures end Higher on Speculation Play
KUALA LUMPUR: Crude palm oil (CPO) futures prices closed higher yesterday on speculative play following the anticipation of higher demand ahead of the fasting month. Interband Group Senior Palm Oil Trader Jim Teh said exports were actually down but prices were still holding at favourable ...
Profit-taking Seen in Palm Oil Market this Week
KUALA LUMPUR: Profit-taking activities coupled with an anticipated increase in output is expected to set in this week on the crude palm oil (CPO) futures market, erasing gains recorded in the holiday-shortened week. Interband Group Senior Palm Oil Trader Jim Teh said prices would hover between ...
Palm Oil Advances to Six-Week High as Production Seen Declining
Palm oil climbed to the highest level in six weeks on speculation that output may drop this month in Malaysia, cutting inventories for a fifth month in the world’s second-largest producer. The contract for August delivery rose as much as 0.6 percent to 2,374 ringgit ($782) a metric ton on the B...
Palm Futures end Mixed on Trade Sentiment
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Malaysia Derivatives Exchange continued to trade mixed yesterday on the back of mixed market sentiment, dealers said. Phillip Futures Sdn Bhd Investment Analyst David Ng said the local market rebounded from its recent sluggish performance as ...
