News
Palm Oil Rises to 1-month High
Malaysian palm oil futures rose to their highest in a month on Friday and posted a 3.3 per cent weekly gain as hopes of export demand whittling down stocks offset uncertainty in Europe. Data this week has lifted expectations of market participants that exports of palm oil will climb and help e...
Palm Oil to Draw Support from Lower Stocks, Output -Mistry
SINGAPORE (March 22, 2013): Palm oil futures could rise to RM2,400 to RM2,700 per tonne by the end of May, as weaker production speeds a fall in stockpiles, leading analyst Dorab Mistry said on Friday. The forecast is an upward revision of his earlier prediction for prices to fall below RM2,200 betw...
Palm Oil Heads for Weekly Gain as Inventories Seen Declining
Palm oil traded near the highest level in almost a month on speculation that stockpiles in Malaysia, the world’s second-biggest producer, may decline as output drops and exports increase. The contract for delivery in June rose as much as 1 percent to 2,480 ringgit ($796) a metric ton on the Malaysia...
CPO Futures Up on Window-dressing
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives strengthened at close yesterday on “window-dressing” activity, said a dealer. Interband group senior palm oil trader Jim Teh said the higher crude palm oil prices yesterday were due to the gener...
Palm Oil Ends off 3-week High
Malaysian palm oil futures ended off their highest in more than three weeks on Thursday after refiners took advantage of a cheap local tax rate to boost crude palm oil purchases. Crude palm oil from No.2 producer Malaysia is currently cheaper than products from top producer Indonesia, thanks t...
Palm Oil Gains to One-Month High as Inventories Seen Declining
Palm oil climbed to the highest level in almost a month on speculation that an increase in exports from Malaysia and a decline in output will reduce inventories in the world’s largest producer after Indonesia. The contract for delivery in June advanced as much as 1.4 percent to 2,477 ringg...
