News
Weekly Crude Palm Oil Report April 7 2013
Crude palm oil futures (FCPO) on Bursa Malaysia Derivatives dipped this week, tracking the fall in soybean oil prices and concerns over the bird flu outbreak in China. The benchmark FCPO June contract slipped RM19 or 0.80 per cent to settle at RM2,359 per tonne on Friday from RM2,378 per tonne last...
Palm Futures End Weaker
KUALA LUMPUR: Crude palm oil futures contracts closed lower yesterday, tracking the weakness in soyabean oil market amid the absence of market players ahead of key industry data out next week, dealers said. April 2013 rose RM43 to RM2,380 a tonne, May 2013 and June 2013 fell RM4 each to RM2,383...
Palm Declines as Crude Oil Near One-Week Low Cuts Biofuel Appeal
Palm oil fell as crude oil traded near the lowest price in more than a week on rising stockpiles in the U.S., reducing the appeal of biofuels. The contract for delivery in June dropped 0.2 percent to close at 2,392 ringgit ($777) a metric ton on the Malaysia Derivatives Exchange. Prices have tumbled...
Malaysian Exports to Egypt Set to Increase By 10 per cent on Strong Palm Oil Demand
CAIRO: Malaysia’s exports to Egypt are expected to increase by 10 per cent this year on strong demand for palm oil in the republic, said Malaysia’s Ambassador to Egypt, Datuk Dr Mohd Fakhrudin Abdul Mukti. He said the exports of Malaysian palm oil were expected to improve following the Egyptian...
Crude Palm Oil Futures Fall on Profit-booking
NEW DELHI: Crude palm oil futures prices fell by Rs 2.80 to Rs 462.10 per 10 kg on Thursday, as speculators booked profits at prevailing higher levels driven by a weak trend at spot market on sluggish demand. Further, a weakening trend in overseas market...
Palm Futures Uptrend Continues
KUALA LUMPUR: Crude palm oil (CPO) futures contract closed higher on expectation of lower palm oil stocks for March amid weak overseas soyabean oil markets. A dealer said traders were optimistic that lower inventories, reduced output and encouraging export data would support a price uptrend. Ma...
