News
Palm futures higher on continuous buying
CRUDE palm oil futures on Bursa Malaysia Derivatives closed higher yesterday, supported by continuous buying, dealers said. August 2011 and November 2011 rose RM13 each to RM3,130 and RM3,132 a tonne respectively while September 2011 jumped RM14 to RM3,133 and October 2011 added RM11 to RM3,130. Tur...
Don’t Meddle, Aussie Senator Told
MELBOURNE: Australian senator Nick Xenophon should not interfere in Malaysia’s sovereignty, Plantation Industries and Commodities Minister Tan Sri Bernard Dompok said. Since 2009, Xenophon, together with the Australian Greens Party and the Liberal/National Coalition, is supporting “Truth...
CPO Futures Rise on Strong Demand
CRUDE palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher yesterday amid concerns that production would be affected by the current dry spell, dealers said. The market was well supported by strong demand due to the onslaught of the fasting month and this was expected to help C...
CPO Futures Ease on Profit-Taking
CRUDE palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday as traders covered their profits on growing concerns that the US debt default will affect demand and exports of CPO, dealers said. The lower oil price yesterday, near US$99 (US$1.00 = RM2.97) a barrel also we...
CPO Futures Ease on Profit-Taking
CRUDE palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday as traders covered their profits on growing concerns that the US debt default will affect demand and exports of CPO, dealers said. The lower oil price yesterday, near US$99 (US$1.00 = RM2.97) a barrel also we...
Palm Futures Likely to Open on Bullish Note
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are likely to stay on current levels with an upside bias next week. Dealers said the market was anticipated to start on a bullish note on talk that a major plantation company was recording lower output this month. However, there might be pri...
