News
Palm Futures Downtrend Continues
KUALA LUMPUR: Crude palm oil futures contract on Bursa Malaysia Derivatives closed lower, failing to react to the encouraging end-March stock figures announced by the Malaysian Palm Oil Board yesterday, dealers said. April 2013 and May 2013 both declined RM23 each to RM2,338 and RM2,360 a tonne...
Palm Oil Falls on Firm Ringgit
SINGAPORE: Malaysian palm oil futures edged lower on Wednesday, weighed down by recent strength in the ringgit, although losses were limited after a report showed stocks dropped to their lowest in seven months as exports outpaced weak output growth. Prices were expected to rise after the mid-day bre...
Palm Oil Retreats Before Malaysian Inventory, Production Data
Palm oil fell before the release of data from Malaysia which may show that inventories dropped last month, while output climbed for the first time in six months. The contract for June delivery fell as much as 0.5 percent to 2,382 ringgit ($787) a metric ton on the Bursa Malaysia Derivative...
Palm Oil Reserves in Malaysia Drop
Palm oil stockpiles in Malaysia, the world’s second-largest producer, fell the most in more than two years to a seven-month low in March as exports gained for the first time in five months, according to official data. Inventories shrank 11 per cent to 2.17 million metric tonnes last month from...
Palm Oil Climbs to One-Week High as Stockpiles Fall on Exports
Palm oil advanced to the highest level in more than a week on speculation that inventories in Malaysia probably fell last month as exports from the world’s second-largest producer increased. The contract for delivery in June climbed as much as 0.8 percent to 2,419 ringgit ($792) a metric t...
Palm Futures End Lower
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed lower yesterday as market players keenly await release of the March production and stock figures today. Spot month April and May both declined RM9 to RM2,361 and RM2,383 a tonne respectively, while June and July...
