News
CPO Futures Hit 9-Month Highs
KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives touched their nine-month highs yesterday, driven by recovery in exports, dealers said. Cargo surveyor Intertek Testing Services reported a 37 per cent rise in Malaysian exports for the first 15 days of the month to 697,804 tonnes, po...
Palm Futures Extend Gains
KUALA LUMPUR: The crude palm oil futures (CPO) contract on Bursa Malaysia Derivatives extended its gains to close steadier prompted by external demand for the commodity, dealers said. The market expectation is for offtake to rise this month judging from the previous export pattern recorded for the f...
Palm Futures Up on Fresh Buying Interest
KUALA LUMPUR: The crude palm oil futures (CPO) contract on Bursa Malaysia Derivatives closed higher yesterday on renewed buying interest, dealers said. Prices are expected to bounce in the second quarter as dwindling soyabean stocks and higher crude oil prices could offset high palm oil stocks. Marc...
Palm Futures Close Slightly Lower
KUALA LUMPUR: Crude palm oil futures (CPO) prices on Bursa Malaysia Derivatives closed slightly lower yesterday on profit-taking, after three trading days of gains, dealers said. A dealer said it was also due to the Malaysian Palm Oil Board’s bearish export data released recently. Another deal...
CPO Futures Continue Uptrend
Crude palm oil futures (CPO) prices on Bursa Malaysia Derivatives closed steadier on anticipation that the Malaysian Palm Oil Board (MPOB) and oil palm cargo surveyors will announce a set of favourable export data, a dealer said. She said MPOB was scheduled to release its export data for February on...
Palm Futures Extend Gains
KUALA LUMPUR: Crude palm oil futures prices on extended gains yesterday prompted by promising February US job data, said a dealer. “The market expected a good data and this boosted prices of futures contracts,” she said. The US will issue a more comprehensive private and public sector em...
