News
CPO Futures Up After 4-month Low
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher yesterday after falling to a four-month low on Wednesday as traders took positions in the market, dealers said. Nevertheless, a dealer said that traders were still sceptical about the market and unc...
Palm Oil Posts Fourth Weekly Decline on Biofuel Demand Concern
Palm dropped for a fourth week on concern losses in crude oil this week cut the lure of biofuels. The contract for July delivery lost 0.6 percent to close at 2,294 ringgit ($756) a metric ton on the Bursa Malaysia Derivatives. Futures declined 2.2 percent this week for a fourth weekly decl...
Palm Oil Closes Higher Thursday
SINGAPORE: Malaysian palm oil futures edged up on Thursday after a drop to a four-month low earlier in the session lured back buyers, though gains were capped by persistent worries about the health of the global economy. Recent data from the US and China — the world’s top two economies — that fell s...
Palm Futures Down as Traders Stay Cautious
KUALA LUMPUR: Crude palm oil futures contracts closed at a four-month low yesterday as traders remained cautious and stayed on the sidelines, a dealer said. He said traders were afraid to participate in the market after this week’s rout in commodities and ahead of export data. Spot ...
Planters Seek Abolishment of Palm Oil Windfall Profit Tax
PETALING JAYA: Local plantation companies are now pushing for the abolishment of the crude palm oil (CPO) windfall profit tax (WPT) on the heels of the Government’s well-lauded move to impose the new CPO export duty and abolishment of the duty-free CPO export quota early this year, said indust...
Palm Futures Close Higher
KUALA LUMPUR: Crude Palm Oil (CPO) futures contracts on Bursa Malaysia Derivatives closed mostly higher on yesterday after falling to a near four-month low on weak exports, dealers said. However, investors remained cautious and are keeping their eyes open on the next export data for April 1 to ...
