News
Responsible Stewardship
IN recent weeks, several environmental NGOs have escalated their attacks on the Malaysian palm oil industry. Their criticisms contained falsehoods and irresponsible allegations about the industry’s business practices. Perhaps it is a sign of desperation on their part. As the legal, social, and phila...
Brent Crude Rises Above US$111
KUALA LUMPUR: The crude palm oil futures on Bursa Malaysia Derivatives closed mixed yesterday, dealers said. The dealers also said the market was quiet due to the fear of slowing demand, an absence of fresh leads to spur interest and most traders still off-market, due to the Chinese New Year holiday...
Brent Crude Extends Gains
KUALA LUMPUR: The weak export numbers and US Federal Reserve chairman Ben Bernanke’s statement on keeping interest rates low sent the crude palm oil futures on Bursa Malaysia Derivatives to close lower yesterday dealers said. February 2012 and March 2012 each dipped RM34 to RM3,138 a tonne and...
Brent above US$110
KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives closed slightly higher yesterday, after the two-day break for the Chinese New Year, dealers said. “Trading volume was thin. The market was quiet as traders were off-market due to the Chinese New Year celebration,” a deale...
CPO Futures Ddown on Poor Demand
THE crude palm oil futures contract on Bursa Malaysia Derivatives closed lower yesterday as stocks continue to accumulate on weak demand, dealers said. A dealer said investors were reluctant to hold positions ahead of the long Chinese New Year holidays. February 2012 fell RM25 to RM3,165 per tonne, ...
CPO Futures Surge on Late Buying
STRONG last-minute buying pushed crude palm oil futures prices on Bursa Malaysia Derivatives to close higher yesterday. A dealer said the market was quiet until five minutes before the closing bell when the market saw heavy trading. February 2012 fell RM5 to RM3,190 a tonne while March 2012 apprecia...
