News
Palm Futures Rise on Upward Correction
CRUDE palm oil futures closed higher yesterday on market correction amid the improved global economic outlook, dealers said. However, slower export data provided some relief to the tightening stocks, he said. December 2011 and February 2012 added RM40 to RM3,040 and RM3,058 a tonne respectively, Jan...
CPO Futures Down on Weak Export Data
CRUDE palm oil futures closed lower yesterday on weak export data, dealers said. Cargo surveyor Intertek Testing Services said local palm oil product exports for this month fell 8.8 per cent to 1,532,978 tonnes from 1,681,425 in October. December 2011 lost RM58 to RM3,000 a tonne, January 2012 slid ...
Palm-Based Paper Venture
TAN Sri Vincent Tan Chee Yioun’s privately-owned Eco Palm Paper Sdn Bhd plans to invest as much as RM820 million till 2017 to set up and operate a corrugated paper plant in Pekan, Pahang. The tycoon owns some 75 per cent of Eco Palm which yesterday signed a contract with China’s Jiangsu ...
CPO Futures Slip on Bearish Sentiments
CRUDE palm oil futures on Bursa Malaysia Derivatives closed lower yesterday on concern over a possible slowdown in demand as winter approaches, dealers said. This will put presure on demand for palm oil as soyabean is a close substitute. December 2011 lost RM12 to RM3,058 a tonne, January 2012 shed ...
Palm Futures to Trade Within Narrow Range
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade within a narrow range next week due to the uncertainties in the eurozone, a dealer said. She expected the prices for the futures contracts to be similar to those recorded during the week just-ended. “The futures m...
CPO Futures Slide on Last-Minute Sell-Off
CRUDE palm oil futures contracts on Bursa Malaysia Derivatives closed sharply lower yesterday on last-minute sell-off and expectations of unfavourable export data to be released today, a dealer said. She said cargo surveyors Intertek Testing Services and Societe Generale de Surveillance will release...
