News
CPO Futures Dip as Investors Lock in Gains
KUALA LUMPUR: Crude palm oil futures closed mostly lower yesterday as investors locked in profits. Dealers said market optimism was capped by a dismal export performance in the first half of this month. February 2013 was down RM38 to RM2,346 a tonne, March 2013 shed RM57 to RM2,361, April 2013 dwind...
CPO Futures Up on High Offtake Hopes
KUALA LUMPUR: Crude palm oil futures (CPO) prices closed higher on Bursa Malaysia Derivatives in anticipation of higher offtake in February following the implementation of zero-tax for CPO exports. Cargo surveyor Societe Generale de Surveillance reported that exports dipped 22.2 per cent to 571...
Bearish Data Caps Rise in Palm Futures
KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher yesterday, influenced by firmer soyaoil prices, dealers said. Gains, however, were limited by continuous bearish off-take data and high inventory condition in the country. Spot month January 2013 surged RM54 ...
Palm Futures Up on Buying Interest
KUALA LUMPUR: The crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended mostly higher on last minute buying interest, dealers said. They said the market received a boost after Plantation Industries and Commodities Minister Tan Sri Bernard Dompok earlier yesterday said Malaysia would ...
Weekly Crude Palm Oil Report January 13 2013
Crude palm oil futures (FCPO) on Bursa Malaysia Derivatives plunged this week due to bearish fundamental reports released during the week. The benchmark FCPO March contract tumbled RM101 or 4.09 per cent to close at RM2,366 per tonne on Friday from RM2,467 per tonne last Friday. The trading range f...
CPO Close Sharply Lower
KUALA LUMPUR: The crude palm oil futures on Bursa Malaysia Derivatives closed sharply lower following reports of high stocks by Malaysian Palm Oil Board and lower exports data. Cargo surveyor Intertek Testing Services reported that palm oil products exports for Jan 1-10 tumbled 25 per cent to 3...
