News
CPO Futures Surge as Market Rebound
CRUDE palm oil futures closed higher yesterday as the market continues to recover from Tuesday, dealers said. A dealer said more local domestic players have returned to the market, taking advantage of last week’s fall. December 2011 gained RM30 to RM3,030 a tonne, January 2012 added RM47 to RM...
Palm Futures Up on Buying Interest
CRUDE palm oil futures closed higher yesterday on renewed buying interest, dealers said. A dealer said domestic players took advantage of the lower price yesterday to return to the market. December 2011 gained RM37 to RM3,000 a tonne, January 2012 added RM5 to RM2,001, February 2012 was up RM4 to RM...
Palm Futures Extend Losses on Profit-Taking
CRUDE palm oil futures extended its downtrend yesterday on profit-taking activities, dealers said. A dealer said that local players took the cue from the lower overnight close of soybean prices on the Chicago Board of Trade. December 2011 dropped RM114 to RM2,963 a tonne, January 2012 fell RM87 to R...
CPO Closed Higher
KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives closed higher yesterday taking the cue from higher crude oil prices, dealers said. At close, both December 2011 and January 2012 rose RM29 each to RM3,081 a tonne and RM3,112, respectively, February 2012 gained RM34 to RM3,119 a tonn...
Palm Futures End Lower Hit By Profit-taking
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower yesterday on profit-taking, dealers said. December 2011 and January 2012 slipped by RM38 each to close at RM3,052 per tonne and RM3,083 per tonne respectively while February 2012 and March 2012 lost RM37 each to close at RM3,085...
Rainy Weather Boosts Palm Futures
CRUDE palm oil futures on Bursa Malaysia Derivatives closed higher yesterday amid expectations that the current rainy season will bring down production, dealers said. December 2011 rose by RM50 to close at RM3,090 a tonne while January 2012 gained RM55 to RM3,121, February 2012 rose RM60 to RM3,122 ...
