News
Malaysia’s April Palm Oil Stocks Likely Hit 9-month Low
SINGAPORE: Malaysia’s April palm oil stocks likely fell to their lowest in nine months, with domestic consumption and lower exports outstripping a rise in output, a Reuters survey of five plantation companies showed. Inventory levels may have dropped 6.1% to 2.04 million tonnes, which would be...
CPO Futures Up on Stock Concerns
KUALA LUMPUR: Crude palm oil futures contracts closed higher yesterday on buyers’ expectations that the inventory level for it could fall. An investment analyst said the Malaysian Palm Oil Board will this Friday release the official data on stocks and output for April. Spot month May 2013 and ...
Palm Oil Gains to 1-week High
SINGAPORE: Malaysian palm oil futures rose to a one-week high on Wednesday, pulling away from near five-month lows earlier in the week, as investors eyed a potential fall in stocks in the world’s second-largest producer of the edible oil. Malaysia’s April palm oil stocks likely fell 6.1 per ce...
Palm Futures Riding High on Ringgit
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed higher on the ringgit’s recent strength, dealers said. However, traders remained cautious following the weak export data and high inventory, said a dealer. Spot month May 2013 and June 2013 both increased ...
Edible Oil Exports Seen by Oil World Rising on Palm Oil Demand
World exports of seven major edible oils and fats are expected to jump 5.2 percent on increased import requirements by China and India, led by higher palm oil deliveries, Oil World said. Export shipments of six vegetable oils and tallow may be 71 million metric tons in the 2012-13 sea...
CPO Futures Lower on Quiet Trade
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed lower yesterday following the downtrend in commodities such as gold and copper, said Interband Group senior palm oil trader Jim Teh. “The fall in the prices was affected by a decline in the number of trade...
