News
Palm Futures Dip on Lack of Fresh Leads
KUALA LUMPUR: The crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday on profit-taking in a choppy market, a dealer said. “Overall, the market was affected by the lack of fresh leads but sentiment remained positive,” a dealer said. At close, the April...
CPO Futures Undergo Minor Correction
KUALA LUMPUR: Crude palm oil futures ended mixed yesterday after two consecutive days of losses, dealers said. A dealer said the market underwent a minor correction as investors started looking for leads before putting fresh positions for the week. The dealer said, the market was healthy with strong...
CPO Futures Hit by Profit-Taking
KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower yesterday on profit-taking. Interband Group of Companies senior trader Jim Teh said speculators were in the market, hoping to make a profit. He expected the CPO price to hover between RM3,200 and RM3,00 a tonne thi...
Palm Futures Dip on Profit-Taking
KUALA LUMPUR: The crude palm oil futures on Bursa Malaysia Derivatives were lower yesterday, due to profit-taking activity on concerns that the market was overbought, dealers said. However, dealers expect demand to prevail for the local CPO tomorrow with a huge export volume, which will support the ...
CPO Futures Likely to See Profit-Taking
The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are likely to see profit-taking next week. Interband Group of Companies senior trader, Jim Teh, said buyers were expected to involve more in short-term trading next week. “The prices are expected to hover between RM3,200 ...
More Palm Oil for Hungry World
FOOD SECURITY: Cooking oil importing countries must reject calls by WENGOs to restrict expansion of oil palm plantations, writes Ooi Tee Ching UNITED Nations’ Food & Agriculture Organisation (FAO) recently warned that world food prices are on the rise again. In February 2012, the food pric...
