News
CPO Futures end Firmer
KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives rebounded yesterday amid concerns over the eurozone economic uncertainty, dealers said. A dealer said the better performance on the local market was also due to lower stocks. Spot month August rose RM33 to RM2,931 and September added...
Palm Oil Prices to Remain Bullish
Dompok sees strong price for the commodity in the next five months SANDAKAN: Palm oil prices are to remain bullish in the next five months due to the crop-damaging weather in the United States, India’s doubling of taxes on refined products and the approaching El Nino phenomenon. In promising a...
CPO Extending Losses
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives ended sharply lower yesterday, extending losses posted on Monday, dealers said. A dealer, however, said the CPO market was oversold, and this could attract buyers in the coming days. August 2012 fell RM64 to RM2,898 a tonne...
CPO Ended Sharply Lower
KUALA LUMPUR: The crude palm oil futures contracts on Bursa Malaysia Derivatives ended sharply lower yesterday on fresh concerns about the deepening eurozone debt crisis, dealers said. A dealer said the demand for other vegetable oils was also hurt by these concerns. August 2012 lost RM48 to RM2,962...
MPOC Awards Industry Leaders
AS palm oil continues to be a major pillar in the Malaysian economy, the Malaysian Palm Oil Council (MPOC) continues to honour outstanding individuals to recognise their leadership efforts and qualities. It was no surprise that Kuala Lumpur Kepong Bhd (KLK) chief executive officer Tan Sri Lee Oi Hia...
CPO: Profit-taking Sets In
KUALA LUMPUR: The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended the week softer on profit-taking, dealers said. At the close, spot month August 2012 and September 2012 both declined RM15 each to RM3,010 per tonne and RM3,025 per tonne respectively. October 2012 eased RM3...
