News
Palm Futures Rise on Stronger Soyaoil Prices
KUALA LUMPUR: Crude palm oil futures on closed higher yesterday, on the back of stronger soyaoil prices, dealers said. Sentiment was further boosted by concern over tight supply due to lower production anticipated in February. February 2012, April 2012 and May 2012 appreciated by RM37 each to RM3,13...
Bearish Outlook for CPO Futures
Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to remain bearish on slow buying interest. Interband Group of Companies senior trader Jim Teh expects futures prices to be traded within a narrow range of between RM3,100 and RM3,150 per tonne next week. “The marke...
CPO Futures End Slightly Lower
KUALA LUMPUR: Prices of crude palm oil futures contracts closed slightly lower yesterday on profit-taking after recording sharp gains yesterday, a dealer said. She said the local market also took a cue from the fall of soya oil prices. “The market is also anticipating unfavourable data to be r...
Palm Futures End Sharply Higher
PRICES of crude palm oil futures on Bursa Malaysia Derivatives rose sharply yesterday on short-covering after a two-day break, a dealer said. “The market is expecting a favourable data and this provided a boost to the local market,” she said. February 2012 added RM58 to RM3,110 a tonne, ...
Malaysia January Palm Oil Stock at 5-month Low
Malaysian palm oil inventories probably declined to a five-month low in January as a period of seasonally low output gets underway, according to a Bloomberg News survey. Stockpiles probably fell 2.4 per cent to 1.99 million tons, dropping below the 2 million-mark for the first time in five months, a...
Palm Futures Rebound After Recent Losses
CRUDE palm oil futures on Bursa Malaysia Derivatives staged a rebound yesterday after recent losses on pre-holiday buying. Dealers said sentiment remained cautious as they awaited an announcement on Malaysia’s crude palm oil tax-free quota. February 2012 surged RM30 to RM3,052 a tonne, March 2...
