News
Crude palm oil (CPO) Futures Continued its Downtrend
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives continued its downtrend for the fifth consecutive trading day on follow-through selling, dealers said. A dealer said the market was weak as there was lack of strong buying interest from overseas to clear the stoc...
Crude Palm Oil Expected to Trade Lower this Week
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are expected to trade lower this week due to gloomy demand for edible oil globally, dealers said. He said with a month before the new year comes in, traders were cautious over the CPO market trading as the current high l...
CPO Futures Dip on Lack of Demand
KUALA LUMPUR: Crude palm oil futures closed lower yesterday on the lack of buying demand, dealers said. A dealer said at the end of November’s trading yesterday, traders stayed sidelined on concerns over the higher stock level. However the market was surprised by a better-than-expected data re...
Palm Futures end Mixed on Mild Buying
KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives closed mixed yesterday on mild buying support, dealers said. A dealer said traders were still cautious over the high level of stock despite slower productions for this month, but bearish demand for CPO products globally currentl...
Analysts Call the Palm Oil Market for 2013
NUSA DUA, Indonesia: Following are comments by key analysts at a palm oil industry conference in the Indonesian island of Bali: JAMES FRY, CHAIRMAN OF LMC INTERNATIONAL PRICE FORECAST “As Malaysian Palm Oil Board stocks drop below 1.8 million tonnes by June next year, the European Union p...
Palm Futures Down in Quiet Trade
KUALA LUMPUR: Crude palm oil futures closed weaker yesterday on lack of demand, dealers said. A dealer said the commodities markets were quiet as traders stayed on sidelines on worries about slower global economic growth. He said there was also the fear among traders about the increase in CPO s...
