News
CPO Futures Up on Soyabean News
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed higher yesterday, influenced by the prospect of a tighter supply for soyabean oil. A dealer said a disappointing weather in Argentina has raised the probability of a tighter crop. March 2013 gained RM31 to...
Palm Futures Gains on Export Data
KUALA LUMPUR: The crude palm oil futures contracts closed higher yesterday, due to better export numbers for the first half of February, a dealer said. March 2013 increased RM23 to RM2,475 a tonne, April 2013 added RM30 to RM2,513 a tonne, May 2013 appreciated by RM33 to RM2,539 a tonne and Jun...
CPO Futures Lower as Traders Stay Cautious
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed lower yesterday as traders remained cautious after the government raised the CPO export tax to 4.5 per cent for March, a dealer said. Spot month February 2013 declined RM8 to RM2,428 a tonne, March went down RM23 to ...
Palm Futures Buyers Stay on Sidelines
KUALA LUMPUR: Crude palm oil futures contracts closed lower yesterday as buyers remained on the sidelines, resulting in the stockpile to stand high, a dealer said. Spot month February 2013 and March 2013 went down RM9 each to RM2,436 a tonne and RM2,475 a tonne, respectively. Meanwhile, April 2...
CPO Futures Hits Two-week Low
KUALA LUMPUR: Crude palm oil futures contracts closed at a two-week low yesterday after the long Chinese New Year holiday, a dealer said. He said data released by the Malaysian Palm Oil Board showed that CPO stocks lost 1.9 per cent to 2.58 million tonnes in January, from 2.63 million tonnes in...
CPO Futures Up on India’s Demand
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher yesterday on some demand for the commodity from India, Kenanga Deutsche futures dealer Chan Chee Wei said. Meanwhile, spot month February 2013 was RM1 higher at RM2,470 a tonne, March 2013 was RM...
