News
CPO Futures Weak on Sell-down Activities
KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives ended lower yesterday as investors unloaded their holdings following the volatility on commodity markets, dealers said. They said most investors shook off their positions in the market as sentiment was generally weak due t...
Palm Futures Down as Stocks Rise
KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives closed lower yesterday prompted by concerns over rising local stocks dealers said. A dealer said the market was also dragged down by the renewed focus on the eurozone debt crisis especially on Spain, the eurozone’s fourth-large...
CPO Futures Finish Lowest in 2 years
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives touched a two-year low at the close yesterday amid a bearish outlook. The market also moved in line with a broad sell-off across equities and commodity markets, said Kenanga Deutsche Futures dealer, Chan Chee Wei. B...
Palm Oil Prices Sizeably Undervalued, says Mielke
PALM oil prices are “sizeably undervalued” in comparison with soyaoil and the discount is unlikely to be sustained as lower prices will prompt importers to buy more palm oil, a top world oils analyst said yesterday. “Palm oil is offered at discounts of more than US$250 (per tonne) ...
CPO Futures Dive on Higher Stock Reports
KUALA LUMPUR: Prices of crude palm oil futures on Bursa Malaysia Derivatives closed sharply lower yesterday amid reports of higher stocks of the commodity, a dealer said. She said the inventory levels had reached the highest level at above 2.2 million tonnes in September and also this year, due to t...
CPO Futures end Sharply Lower
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives ended mixed yesterday amid losses in soyabean futures, dealers said. CPO spot month September 2012 shed RM9 to RM2,705 a tonne, October 2012 gained RM10 to RM2,813, November 2012 eased RM2 to RM2,859 and December 2012 added...
