News
Choppy Trade Ahead for CPO futures
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives is expected to be choppy next week as the market keenly awaits the release of export and production data for August, a dealer said. She said cargo surveyor, Intertek Testing Services, was scheduled to announce export data tomorrow whi...
Palm Futures Lower in Choppy Trading
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower yesterday in choppy trading, dealers said. A dealer said the market, which saw active trading in the morning, was quiet in the afternoon. September contract fell RM25 to RM3,115, October dropped RM20 to RM3,069, November decreas...
CPO Futures Close Sharp Rebound
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed sharply higher yesterday following the lower prices the last two days, dealers said. However, the market was not very active the whole day, as most players sidelined, opting to wait for the August data from the Malaysian Palm Oil Boar...
CPO Futures Fall Further
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives fell further on continued profit-taking yesterday. “The market saw a lot of last minute sell-offs,” said a dealer. Another dealer said traders were still cautious over the uncertainty in the global economy. September 2011 lost RM...
Palm Futures Dip on Profit-Taking
CRUDE palm oil futures on Bursa Malaysia Derivatives closed lower yesterday on profit-taking, dealers said. There was no buying interest from traders for October, November and December futures contracts. September 2011 decreased RM41 to RM3,144 a tonne, while October, November and December 2011 rema...
CPO Futures in Post-Holiday Rally
THE crude palm oil futures contracts on Bursa Malaysia Derivatives closed higher yesterday, in line with gains in other vegetable oils. Dealers said the market “played catch-up” after the long Hari Raya and National day holidays, as traders covered their positions. “However, the vo...
