News
Palm Futures Easier on Weak Export Data
THE crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended the day lower yesterday on weak export data, dealers said. January and February 2012 fell RM13 each to RM3,157 and RM3,162 a tonne respectively. Meanwhile, March 2012 slid RM11 to RM3,159 and April 2012 slipped by RM22 to RM3,150 a...
CPO Futures Continue Their Uptrend for Fifth Day
CRUDE palm oil futures continued their uptrend for the fifth consecutive day yesterday, as the market anticipated tight supply and stocks, dealers said. January and February 2012 rose RM75 each to RM3,170 and RM3,175 a tonne respectively, March 2012 added RM73 to RM3,170 and April 2012 increased RM8...
Palm Futures End Broadly Higher
CRUDE palm oil futures on Bursa Malaysia Derivatives extended their gains yesterday as buyers were convinced that supply would get tighter over the next few months, a dealer said. January 2012 rose RM16 to RM3,095 a tonne, February and March 2012 added RM25 each to RM3,100 and RM3,097. April 2012 ro...
CPO Futures Higher on Bullish Conditions
CRUDE palm oil futures closed higher yesterday backed by strong demand and short supply of the commodity, dealers said. Prices were also supported by rising concern over hot weather hurting South American soya crop which could disrupt global supplies. January 2012 added RM59 to RM3,079 a tonne, Febr...
Palm Futures Mixed at Close
CRUDE palm oil futures on Bursa Malaysia Derivatives closed mixed yesterday, dealers said. Prices were expected to increase as the commodity was in short supply in major producing countries due to the wet weather, a dealer said. January 2012 slipped RM1 to RM3,020 a tonne, February 2012 added RM1 to...
CPO Futures Firmer on Speculative Buying
CRUDE palm oil futures closed firmer yesterday on speculative buying interest. Jim Teh, senior palm oil trader, Interband Group of Companies said the volume traded was small as prices were still above RM3,000 a tonne. “The high price is a bonus for us despite the global economic problems,̶...
