News
CPO Futures Up on Renewed Interest
KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives closed higher yesterday on renewed buying interest, dealers said. Spot month April 2013 rose RM5 to close at RM2,410 a tonne while May 2013 increased by RM7 to RM2,434 a tonne. June 2013 appreciated by RM11 to RM2,44...
CPO Closed Lower
KUALA LUMPUR: The crude palm oil futures contracts on Bursa Malaysia Derivatives closed lower for the second consecutive day yesterday due to lack of market-moving factors, a dealer said. April 2013 slipped RM23 to RM2,405 a tonne, May 2013 lost RM28 to RM2,427 a tonne, June 2013 was RM25...
Palm Futures Dip on Weak Exports
KUALA LUMPUR: Crude palm oil futures prices closed lower yesterday, tracking weak export figures for the 25 days of the month, dealers said. Cargo surveyor Societe Generale de Surveillance said exports of oil palm products from March 1 to March 25 eased seven per cent to 1.055 million ton...
Palm Oil Drops for Second Day as Malaysian Reserves Set to Climb
Palm oil fell for a second day on speculation that stockpiles in Malaysia, the world’s second- biggest producer after Indonesia, may climb as exports decline. The contract for delivery in June dropped as much as 1.1 percent to 2,436 ringgit ($787) a metric ton on the Malaysia Derivatives E...
Weekly Crude Palm Oil Report March 24 2013
Crude palm oil futures (FCPO) on Bursa Malaysia Derivatives settled the week higher, anticipating better exports demand and lower production for palm oil in the coming months. The benchmark FCPO June contract rose RM79 or 3.27 per cent to settle at RM2,493 per tonne on Friday from RM2,414 per ton...
Palm Oil Drops as Rally to One-Month High Seen Reducing Demand
March 25 (Bloomberg) –Palm oil fell for the first time in five days on concern that a rally to a one-month high may reduce exports from Malaysia, the world’s second-largest producer. The contract for delivery in June dropped as much as 1.2 percent to 2,463 ringgit ($797) a metric ton on t...
