News
Palm Futures Dip on Profit-Taking
CRUDE palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday on profit-taking, dealers said. A dealer said profit-taking surged after the benchmark October contract hit a one-month high of RM3,164 amid positive export data which raised hopes of higher exports. August a...
CPO Futures Close Higher
CRUDE palm oil futures contracts on Bursa Malaysia Derivatives ended higher yesterday amid data released by two cargo surveyors. Data released by Societe Generale de Surveillance showed that exports of Malaysian palm oil products for July 1-20 rose 5.7 per cent to 1.028 million tonnes from the same ...
Palm Futures Up on Strong Buying Interests
CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed higher yesterday on strong buying interests, dealers said. A dealer said the palm oil exports data, which were expected to be released today by Malaysian Palm Oil Board, were estimated to touch 1.1 million tonnes. August 2011 rose by...
CPO Futures Down on Bearish Mood
CRUDE palm oil futures on Bursa Malaysia Derivatives ended lower on bearish external factors, dealers said yesterday. A dealer said the market tumbled after weaker overseas soy prices weighed on sentiment amid growing stocks. Malaysia’s palm oil inventory hit a 18-month high in June as strong ...
CPO Futures Likely to be Easier
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are likely to be easier next week amid technical correction, said a market player. Jim Teh, a senior trader with Interband Group of Companies, said prices could hover around the RM2,800 per tonne level. He said the debt crisis in the ...
Brent falls, US crude rises
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher for the second consecutive day yesterday on renewed buying interest. A dealer said buyers took advantage on the low CPO price recorded early this week. “Today’s price was the highest for this...
