News
Speculation Boosts Palm Futures
KUALA LUMPUR: The crude palm oil futures closed higher yesterday on playoff by speculators taking advantage of low commodity prices, a dealer said. Discouraging China and US economic data, political uncertainty in the eurozone and the US$2 billion trading loss at JPMorgan Chase had affected prices, ...
CPO Futures end Sharply Lower
KUALA LUMPUR: The crude palm oil (CPO) futures contract closed sharply lower yesterday on lack of buying interest, a dealer said. She said weak China Industrial production data and news of huge losses at JPMorgan Chase kept buyers away from the market. “Buyers were reluctant to hold positions ...
CPO Prices End Slightly Higher
KUALA LUMPUR: The crude palm oil futures on Bursa Malaysia Derivatives closed slightly higher yesterday on short-covering after a two-day downtrend, a dealer said. “The market staged a mild recovery after the losses, but this is expected to be temporary, as the overall sentiment is still beari...
Palm Futures Down Due to Last-minute Selldowns
KUALA LUMPUR: Crude palm oil futures contract prices on Bursa Malaysia Derivatives closed lower yesterday due to last-minute selldowns, a dealer said. He said buyers were reluctant to hold positions on expectations of lower export data due today. May 2012 dropped RM20 to RM3,335 per tonne and June 2...
CPO Futures End Marginally Lower
KUALA LUMPUR: The crude palm oil futures prices on Bursa Malaysia Derivatives closed marginally lower yesterday on persistent worries on eurozone debt crisis, a dealer said. The downtrend is expected to continue until the end of this week as buyers stayed on the sidelines, awaiting fresh leads, the ...
Palm Futures Lifted by Late Buying
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed higher yesterday due to last-minute strong buying interest before the closing bell, dealers said. However, he said, buyers were still adopting a wait-and-see attitude due to concerns over supply and persistent worrie...
