News
Malaysian Palm Oil Stockpiles at 7-month Low
Palm-oil reserves in Malaysia, the second-biggest supplier after Indonesia, probably declined to the lowest level in seven months in March as exports outpaced growth in production, according to a Bloomberg survey. Stockpiles fell 2.4 per cent to 2.01 million metric tons, from 2.06 million tons in Fe...
CPO Futures End Marginally Higher
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended mixed yesterday, with the near months continuing their upside, but the far months were in the negative territory.Speculators continued to provide support despite renewed concerns over the eurozone debt crisis, whic...
Brent, US Crude Drop
KUALA LUMPUR: Crude palm oil futures (CPO) on Bursa Malaysia Derivatives closed higher yesterday in anticipation of stronger demand for the commodity. The market players are very bullish about the outlook as the production of soyabean crop is expected to be smaller than previously anticipated, said ...
CPO Futures Marginally Lower on Profit-Taking
KUALA LUMPUR: The crude palm oil futures (CPO) contract on Bursa Malaysia Derivatives closed mixed on profit-taking but the market was generally positive amid strong fundamentals. The spot month and nearby month May are still on the upside as the market looks forward to a positive data to be release...
More to Oil Palm Than Just Palm Oil
EVERYONE knows that oil palm is grown to produce palm oil. Some 90 per cent of oil palm plantation revenue is derived from the sale of crude palm oil and crude palm kernel oil while the other 10 per cent is derived from other parts of the palm. These figures are expected to be reversed […]
CPO Futures Soars on Edible Oil Supply Concern
KUALA LUMPUR: The crude palm oil futures contracts on Bursa Malaysia Derivatives closed at its highest level in more than a year yesterday, bolstered by market fears over a tightening supply of edible oil, dealers said. A dealer said the US Department of Agriculture’s quarterly inventory report and ...
