News
CPO Futures Higher on Late Buying
CRUDE palm oil futures on Bursa Malaysia Derivatives closed higher yesterday as late buying pushed up prices, dealers said. “The market was quiet throughout the day until late in the day when buying activities emerged,” a dealer said. November advanced RM9 to RM2,890 a tonne, December ga...
CPO Futures Set To See Range Trading
Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see range trading next week with sentiment remaining cautious against a backdrop of surplus stock and slow demand. Jim Teh, Interband Group of Companies Senior Palm Oil Trader said prices were anticipated to hover bet...
Palm Futures End Softer on Profit-taking
CRUDE palm oil futures contracts on Bursa Malaysia Derivatives closed softer on profit-taking yesterday. A dealer said the demand was quite slow with most buyers staying on the sidelines over renewed concerns on the Eurozone debt crisis and heavy stocks. November 2011 fell RM20 to RM2,860 a tonne; D...
Palm Futures Firmer on Speculative Buying
CRUDE palm oil futures contracts on Bursa Malaysia Derivatives closed firmer yesterday on speculative buying despite heavy physical stocks in Malaysia and Indonesia, a trader said. Interband Group of Companies senior trader, Jim Teh, said the speculators were playing with the market in the hope of m...
Palm Futures Lower on Bearish Sentiment
CRUDE palm oil futures contracts on Bursa Malaysia Derivatives eased yesterday after being on uptrend for the past few weeks, a dealer said. He said there was concern over gloomy economic outlook and Europe’s debt crisis. November 2011 fell RM45 to RM2,819 a tonne, December 2011 shed RM45 to R...
CPO Futures End Lower On Profit-Taking
CRUDE palm oil futures contracts on Bursa Malaysia Derivatives ended softer yesterday on profit taking after a strong performance last week, a dealer said. November 2011 declined RM24 to RM2,864 a tonne, December 2011 shed RM34 to RM2,897 a tonne, January 2012 dropped RM39 to RM2,876 a tonne and Feb...
