News
CPO Futures end Mixed
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed mixed yesterday amid a cautious market because of a high stock position, a dealer said. He said traders are waiting for fresh leads from reports from the US Department of Agriculture due this week. He said the outloo...
CPO Exports to Pick Up
Shipments of crude palm oil expected to increase going forward on new markets PUTRAJAYA: The Malaysian export of crude palm oil (CPO) is expected to pick up in the coming months, supported by the opening of more markets from emerging economies and a substantial discount to soybean oil. Malaysian Pal...
CPO Futures up on Strong Demand
KUALA LUMPUR: Crude palm oil futures (CPO) contracts closed firmer yesterday on rising demand, but gains were capped by higher stocks, a dealer said. Malaysia’s palm oil stocks rose 5.81 per cent to 2.12 million tonnes in August from two million tonnes in July. Interband Group of Companies sen...
CPO Slightly Weaker
KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives closed slightly weaker on continuous profit-taking yeterday, a dealer said. She said the futures fell today with traders cautious ahead of the data on Monday that could show high inventory in the Southeast Asian country. Spot month S...
Palm Futures Down on Profit-taking
KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued to close lower yesterday on an extended profit-taking, a dealer said. She said the CPO price moved downwards towards the end of trading due to the long liquidation. Spot month September 2012 fell RM48 to RM2,...
CPO Futures end at One-week Low
KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives slipped yesterday to a one-week low on market expectations of rising stockpiles in Malaysia, the world’s second biggest producer. Kenanga Investment analyst Alan Lim Seong Chun said the upside will be capped by t...
