News
Palm Futures End Sharply Higher
KUALA LUMPUR: The crude palm oil futures closed sharply higher yesterday on expectations of stronger demand from China and tight supply, dealers said. They said it also comes on the heels of damage to the soyabean crop following the recent drought in the US, which has affected the global supply of v...
Palm Futures Mart to Stay Bullish: Dealer
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to continue their uptrend next week, driven by tight supply and higher soyoil prices, dealers said. A dealer said the market would remain bullish despite uncertainty in the eurozone and concerns over export prospects if the cris...
Palm Oil Futures End Mixed
KUALA LUMPUR: Crude palm oil futures closed mixed yesterday, tracking weaker soyaoil prices and recent developments in the eurozone debt crisis, dealers said. A dealer said a delay in Greece’s second bailout package had raised investors’ concerns that the crisis might be prolonged and im...
Palm Oil to Trade Above RM3,000
OIL palm planters can look forward to another prosperous year as palm oil prices is expected to trade above RM3,000 per tonne due to global demand for the edible oil outstripping supply. There is continued strong demand for palm oil from traditional markets, with India and China buying large quantit...
Palm Futures Down on Weak Data
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives eased yesterday on weak export data reported by cargo surveyors, dealers said. A dealer said the lower export data triggered concerns that uncertainty in Europe may further cut CPO exports. However, losses were limite...
CPO Futures Rise on Buying Interest
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher yesterday, ahead of the monthly export data to be released today. Coupled with a weaker ringgit against the US dollar, this triggered a buying interest in the market as the ringgit-priced feedstock seeme...
