News
Palm Futures up on Buying Interest
KUALA LUMPUR: The crude palm oil futures on Bursa Malaysia Derivatives closed higher yesterday as concern over demand for the commodity eased after European leaders agreed to tackle the region’s debt crisis. A dealer said the market reacted positively to the development of the EU summit couple...
Palm Futures Down as Traders Wait for Leads
KUALA LUMPUR: The crude palm oil futures on Bursa Malaysia Derivatives closed lower yesterday on the lack of trading interest, dealers said. A dealer said traders remained on the sidelines awaiting the outcome of the two-day European Union summit which began yesterday. At close, July 2012 and August...
CPO Futures dip on Last Minute Sell-offs
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday on last minute sell-offs, dealers said. “Throughout the morning session, the volume was pathetic and in the last minute of trading, the market was under pressure when sell-offs occurred,&#...
Palm Futures end Slightly Higher
KUALA LUMPUR: Crude palm oil futures closed slightly higher yesterday on continuous demand amid bullish sentiment from favourable export data. A dealer said buyers continued to shift their demand to tropical oils on concerns that the drought in the US would hurt soyabean oil production. July 2012 ro...
Land Acquisitions to Speed up
KUALA LUMPUR: Acquisitions of both greenfields and brownfields for oil palm and rubber plantations are expected to hasten up given continued interest to invest in plantation agriculture crops in the next decade, said Malaysian Palm Oil Council (MPOC) chief executive officer Tan Sri Dr Yusof Basiron....
CPO Futures Firmer on Increased Demand
KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives closed firmer yesterday spurred by increased demand prompted by the dry weather in the US. A dealer said buyers shifted their demand to tropical oils on concerns that the drought would be worse-than-expected and have a devastating ef...
