News
CPO Futures Dip on Profit-Taking
CRUDE palm oil futures (CPO) on Bursa Malaysia Derivatives ended lower yesterday on profit-taking, dealers said. They said the market fell despite the positive export data for the first 15 days of November. November 2011 rose RM10 to RM3180 a tonne, December 2011 fell RM24 to RM3184 a tonne, January...
Palm Futures Lifted By Bullish Export Data
CRUDE palm oil futures on Bursa Malaysia Derivatives closed higher yesterday after two cargo surveyors released bullish export data, a dealer said. The market reacted positively to export data showing a gain of seven to eight per cent for the first 15 days of November, said the dealer. November 2011...
Palm Oil Prices to Head Upwards
Erratic weather that is slowing palm oil output growth and strong demand will lift benchmark Malaysian futures to RM3,300 a tonne in January, top industry analyst Dorab Mistry said. Mistry, who heads the trading desk for India’s Godrej International, said he was sticking to an earlier forecast...
CPO Futures Rise on Speculative Buying
CRUDE palm oil futures on Bursa Malaysia Derivatives closed higher yesterday on speculative buying, dealers said. “Despite heavy stocks, the price moved in upward momentum and this is good for us,” said a senior palm oil trader. November 2011 rose RM55 to RM3,120 a tonne while December 2...
Palm Futures Close Lower in Volatile Trading
CRUDE palm oil futures on Bursa Malaysia Derivatives closed lower yesterday on volatile trading throughout the day, dealers said. November 2011 rose RM13 to RM3,065 a tonne while December 2011 slipped RM6 to RM3,044 a tonne. January 2012 fell RM11 to RM3,034 a tonne and February 2012 lost RM4 to RM3...
CPO Futures Up on Buying Interest
CRUDE palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher yesterday on the back of buying interest from buyers and sellers, dealers said. November and December 2011 rose RM29 each to RM3,052 and RM3,050 a tonne, respectively. January 2012 gained RM32 to RM3,045 a tonne while ...
