News
CPO Futures Down Hit by Slow Exports
KUALA LUMPUR: Crude palm oil futures closed lower yesterday amid concerns of slow export demand, dealers said. A dealer said cargo surveyors had predicted a drop in Malaysian palm oil exports for December 1 to 15 compared to a month ago. January 2013 was flat RM2,197 a tonne, February 201...
CPO Futures Up on Demand from China
KUALA LUMPUR: Crude palm oil futures closed higher yesterday on expectation of higher demand from China, dealers said. They said data showing increased production of soybean oil in the US had provided optimism that China will raise demand for vegatable oil which will support palm oil. Jan...
Three Options on How to Reduce High Palm Oil Stocks
DOMESTIC upstream oil palm players and regulators are now facing a tough challenge on how to address the extremely high palm oil stocks situation in the country. For the past four months, stocks had surpassed the two million tonnes mark, which is above its normal level of between 1.3 and 1.5 million...
Palm Futures end Lowest this Month
KUALA LUMPUR: Crude palm oil futures closed at the lowest this month so far amid concerns of record palm oil stocks and a weak global economy, dealers said. Interband Group Senior Palm Oil Trader Jim Teh said there was little physical activity with most traders away on their year end holidays. Decem...
CPO Futures Up on Strong Rebound
KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives closed higher yesterday after three days of losses. “There is a lot of speculative play, paper trading but very little physical activity,” Interband Group Senior Palm Oil Trader Jim Teh said. December 2012 ros...
Palm Futures End Moderately Lower
KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives ended slightly lower yesterday on lack of buying interest, a dealer said. “Persistent worries over higher stockpiles have pushed the traders to wait for the inventory to reduce before participating in the market,” he...
