News
CPO Sharply Higher
KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed sharply higher yesterday with buying interest from India and Pakistan. Middle Eastern buyers were also in the market buying up physical palm oil, a dealer said. Spot month September 2012 rose RM38 to RM2,898 a t...
CPO Futures Hit 10-month Low
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed sharply lower yesterday, hitting a fresh 10-month low as improving output and slower exports in Southeast Asian countries stirred concerns over swelling stocks, dealers said. A dealer said technically the palm ...
Palm Futures End Sharply Lower
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed sharply lower yesterday, dealers said. OSK Research Sdn Bhd said palm oil had been languishing despite soyabean’s price strength. “It takes time for soyabean supply shortfall to translate into deman...
CPO Futures Rise on Renewed Buying Interest
KUALA LUMPUR: Crude palm oil futures extended Thursday’s gains on renewed buying interest yesterday, dealers said. A dealer also said that prices increased sharply following the release of export data by the Malaysian Palm Oil Board yesterday. Another dealer said players were also anticipating...
Palm Futures Rebound on Cautious Trading
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives rebounded in cautious trading after weeks of remaining bearish. A dealer said most of the players were awaiting the US Department of Agriculture’s report and Malaysian Palm Oil Board’s (MPOB) data to be...
CPO Futures Down on Stock Build-up Pressure
KUALA LUMPUR: Crude palm oil (CPO) futures contracts closed sharply lower yesterday, under pressure from the current huge stock build-up amid slowing demand. Yesterday was the seventh consecutive downtrend trading and the pressure on prices are expected to continue, with palm oil stocks projected to...
