News
Palm Futures Down on EU woes
KUALA LUMPUR: The crude palm oil futures closed lower yesterday due to persistent worries over the eurozone debt crisis, a dealer said. The market recovered a while on bargain hunting, but players stayed on the sidelines, awaiting fresh leads from the US and European Union policymakers, the dealer s...
CPO Futures End Firmer as Traders Cautious
KUALA LUMPUR: The crude palm oil futures ended firmer for the second consecutive day yesterday, bolstered by expectations that demand for the edible oil will rise to meet consumers’ requirement during Ramadan, dealers said. The market, however, traded cautiously due to lingering concerns over ...
Distorted Facts and Figures
Trade wars are being waged in various forms against our palm oil industry. SAVING the tropical forests and orang utan are appealing causes. Such environmental and conservation programmes appeal to the young, and politicians and leaders of non-governmental organisations who take up these campaigns of...
CPO Futures End Firmer In Quiet Trade
KUALA LUMPUR: The crude palm oil futures ended firmer prompted by speculative play yesterday, dealers said. Jim Teh, Senior Palm Oil Trader, Interband Group of Companies, said the market was quiet with demand remaining lacklustre in line with most other commodities due to economic uncertainties in E...
Palm Futures Downtrend Continues
KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives extended its downtrend yesterday on continued profit-taking activities by speculators, a dealer said. As demand remained bearish, prices dipped below RM3,000 a tonne, prompted by renewed concerns over the European debt crisis. Spot m...
CPO Futures Downtrend Continues
Crude palm oil futures prices extended the downtrend yesterday on continued profit-taking by speculators and lower demand. Interband Group of Companies senior palm oil trader Jim Teh said China’s bearish manufacturing data coupled with renewed concerns over the European debt crisis pushed play...
